Shareholders are expected to receive this amount via four dividends: three cash dividends and one payment through the Santander Scrip Dividend scheme.

FIRST DIVIDEND AGAINST 2018 PROFIT

On 1 August 2018, Banco Santander paid its shareholders the first of the four planned dividends against 2018 results. The first dividend was paid on 1 August with a cash value of 6.5 euro cents gross per share.

SECOND PAYMENT AGAINST 2018 PROFIT

In November Banco Santander is expected to make the second payment to its shareholders against 2018 profit.

Payment will be made through the Santander Scrip Dividend Scheme, allowing shareholders to choose between receiving remuneration in cash and/or shares.

From 5 November payment will be made in cash to those shareholders who have chosen this option. The gross cash payout from this scheme is 3.5 euro cents per share.

Shares are expected to be delivered on 13 November and to start trading on the following day, 14 November.

THIRD AND FOURTH DIVIDENDS AGAINST 2018 PROFIT

Banco Santander will publish information relating to the third and fourth dividends against 2018 results shortly.

*Subject to the approval of the board of directors and subsequent ratification at the General Shareholders' Meeting.