TIDMBNC

RNS Number : 9157X

Banco Santander S.A.

25 November 2014

MATERIAL FACT

Banco Santander announces that, during the meeting held today, its Board has appointed José Antonio Álvarez as Chief Executive Officer replacing Javier Marín.

The Board has also approved the following appointments:

   --     Bruce Carnegie-Brown, as first Vice Chairman and lead independent director of the Board; 
   --     Sol Daurella and Carlos Fernández as independent Board directors; 
   --     Rodrigo Echenique, a current non-executive Board Member, as Vice Chairman.

The three new independent directors will fill the vacancies left by the death of Emilio Botín and the resignation of Fernando de Asúa and Abel Matutes.

As a result of the appointment of Mr. Álvarez, other changes in senior management positions have been made, taking into account internal executives.

José García Cantera, currently global head of the Santander Global Banking and Markets division will substitute José Antonio Álvarez as Chief Financial Officer. Jacques Ripoll, currently head of Global Wholesale Banking in Santander UK, will replace José García Cantera.

These appointments will take effect from 1 January 2015 and are subject to regulatory approvals

Boadilla del Monte (Madrid), November 25, 2014

This information is provided by RNS

The company news service from the London Stock Exchange

END

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