Banco Santander, S.A. (the "Bank") hereby announces that following the upgrade of the Spanish sovereign debt rating by Fitch Ratings, the agency published on May 29, 2014 the revised rating of the Bank's as follows:
§ Senior unsecured long term and certificates of deposit: A- from BBB+ (stable outlook)
§ Subordinated debt: BBB+ from BBB
§ Preference shares: BB from BB-
§ Short term debt: F-2
Boadilla del Monte (Madrid), May 29, 2014
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