RELEVANT FACT
Further to the relevant fact communications dated September 15, 2010 (registry number 130385) and October 13, 2010 (registry number 131461), Banco Santander, S.A. informs that the trading period for the free allotment rights corresponding to the free-of-charge capital increase by means of which the "Santander Dividendo Elección" program is carried out ended on October 29.
During the period set for that purpose, the holders of 16.03% of the free allotment rights have accepted the irrevocable undertaking to acquire free allotment rights assumed by Banco Santander. Consequently, Banco Santander has acquired 1.320.768.885 rights for a total gross consideration of 157,171,497.32 Euros. Banco Santander has waived the free allotment rights so acquired.
The holders of the remaining 83.97% of the free allotment rights have chosen to receive new shares. Thus, the definitive number of ordinary shares of 0.5 Euros of face value issued in the free-of-charge capital increase is 88,713,331, corresponding to 1.08% of the share capital, and the amount of the capital increase is 44,356,665.50 Euros. The value of the remuneration corresponding to the shareholders who have requested new shares amounts to 823,437,138.34 Euros.
It is envisaged that the authorization for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on November 5, 2010, so that ordinary trading of such shares in Spain will commence on November 8. Admission to listing of the new shares in the other Stock Exchanges where Banco Santander is listed shall also be requested.
Boadilla del Monte (Madrid), November 2, 2010