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Santander successfully completes EUR 7.5 bn capital increase

Banco Santander successfully concluded the capital increase of EUR 7.5 billion directed at institutional investors which was announced yesterday. This is the largest capital increase carried out in Europe and the eighth in the world via an accelerated bookbuilding offer. The high demand registered allowed the transaction to be completed in the record time of less than four hours. During the first hour, demand covered the maximum set for the issue.

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Santander successfully completes EUR 7.5 bn capital increase

  1. 1. Press Release Santander successfully completes EUR 7.5 bn capital increase  The transaction, the largest of its kind carried out in Europe, closed in a record time of less than four hours.  Investors ordered more than 11 billion euros in shares at the placement price of EUR 6.18 per share.  235 institutional investors participated in the sale. Madrid, January 9, 2015. Banco Santander successfully concluded the capital increase of EUR 7.5 billion directed at institutional investors which was announced yesterday. This is the largest capital increase carried out in Europe and the eighth in the world via an accelerated bookbuilding offer. The high demand registered allowed the transaction to be completed in the record time of less than four hours. During the first hour, demand covered the maximum set for the issue. Total demand amounted to over EUR 11 billion at the placement price of EUR 6.18 per share with orders received from 235 investors. The transaction received strong support from international investors. Most of the demand (79%) came from investors in the U.S.1 and the UK. Investors from the rest of Europe made up 10% of total demand and from the rest of the world, 11%. According to the definitive terms of the increase, the nominal amount was EUR 606.79 million, via the issue of 1.2 million Banco Santander ordinary shares at EUR 0.50 nominal value each. The price for new shares was set at EUR 6.18, a discount of 6.9% over last Wednesday´s closing price. The total cash amount was EUR 7.5 billion. The Santander share today closed at 5.89 euros, which is 4.7% below the price of the issue (6.18 euros). This performance compares with a fall of 5.1% registered by the Eurostoxx Banks index. The new shares represent 9.64% of Banco Santander´s equity before the capital increase and 8.80% of equity after the transaction. The shares are expected to start trading on Spanish exchanges as of January 13. In addition, admission to trading of new shares on international exchanges where Banco Santander currently trades will be requested. These materials do notconstitute an offer to sell,or a solicitation of offers to purchase or subscribe for, securities in the United States. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933,as amended,and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States. This document does not solicit
  2. 2. money, securities or any other type of consideration and, if any money, securities or other type of consideration is sent in response hereto, it will not be accepted. 1 Qualified Investor Buyers

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