Information on Banco Santander Brasil

RNS Number : 0800P

Banco Santander S.A.

27 September 2013

 

MATERIAL FACT

Banco Santander, S.A. informs that its subsidiary Banco Santander (Brasil) S.A. has announced its intention to optimize its equity structure by replacing common equity (Core Tier I) in an amount of Brazilian Reais 6,000 million (amount which will be distributed pro rata among its shareholders) with newly-issued instruments of an equivalent amount qualifying as Additional Tier I and Tier II capital, and which will be offered to Banco Santander (Brasil) S.A.'s shareholders.

Banco Santander, S.A. intends to subscribe a percentage of the newly issued instruments in proportion to its shareholding in Banco Santander (Brasil) S.A. (approx. 75%), as well as those not being subscribed by the remaining shareholders of Banco Santander (Brasil) S.A.

The new structure will improve Banco Santander (Brasil) S.A.'s regulatory capital composition, by increasing the return on equity (ROE) while maintaining the total amount of regulatory capital and capital ratios (BIS II ratio of approximately 21.5% and fully loaded BIS III ratio of approximately 18.9%) above the other retail banks in Brazil.

The transaction will require obtaining the applicable regulatory clearances and the approval of the shareholders' meeting of  Banco Santander (Brasil) S.A.

A copy of the material fact made public by Banco Santander (Brasil) S.A., together with a translation thereof to both Spanish and English, are attached hereto.

http://www.rns-pdf.londonstockexchange.com/rns/0800P_-2013-9-27.pdf

Boadilla del Monte (Madrid), 27^th September 2013

-__________________________

This material fact  does not constitute an offer to sell securities or a solicitation of an offer to buy securities within the United States of America or any other jurisdiction. Securities may not be sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, or in any other jurisdiction where such registration is required. Except for the registration statement filed with the U.S. Securities and Exchange Commission, no other registration or qualification will be made in any other jurisdiction in connection with the offering of any securities referred to herein.

 

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