Scrip dividend schedule

RNS Number : 8462O

Banco Santander S.A.

05 July 2010

 

MATERIAL FACT ANNOUNCEMENT

Banco Santander, S.A. informs of the envisaged schedule for the execution of the free-of-charge capital increase approved on June 11, 2010 by Santander's Ordinary Shareholders' Meeting under section seven A) of its agenda, which capital increase serves as an instrument for the "Santander Dividendo Elección" remuneration scheme, a scheme that, subject to the Bank's Executive Committee prior resolution, shall offer shareholders the option to receive cash and/or new shares on the usual payment date for the second interim dividend:

·        13 October.  Communication of the number of rights needed to receive one share and of the final price of the right-purchase commitment.

·        14 October (23:59 hours CET). Record date for the granting of rights.

·        15 October. Commencement of the rights trading period.  Santander shares start trading ex-coupon.

·        26 October. Last date to request remuneration in cash (sale of rights to Grupo Santander).

·        29 October. End of the trading period of the rights. Acquisition of rights by Grupo Santander from those shareholders who have requested cash.

·        3 November. Payment of cash to shareholders who have so requested.

·        8 November. Commencement of the ordinary trading of the new shares in the Spanish Stock Exchanges.  Shareholders who have opted for new shares have them delivered.

Boadilla del Monte (Madrid), July 5, 2010

 

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