The total sale price agreed is approximately EUR85.3m for the 15.33% of CBSS and approximately EUR624.3m for the 7.20% of Cielo.

The net capital gain generated for Grupo Santander is approximately EUR233m.

The closing of the transactions is subject to final documentation, the appropriate

regulatory authorizations, and in the case of the sale of Cielo, authorization from the institutions who acted as coordinators of its initial public offering in BMF & Bovespa.