Nombre, Apellido, Apellido (Tipografia Arial punto 9, negrita)




MATERIAL FACT


Banco Santander, S.A. (the 'Bank') hereby announces that following the recent upgrade of the Spanish sovereign debt rating by Standard & Poor's Ratings Services, the agency published on October 6, 2015 their revised ratings for the Bank, as detailed below:


Banco Santander, S.A. - Domicilio Social: Paseo de Pereda, 9-12. 39004 SANTANDER - R. M. de Santander, Hoja 286, Folio 64, Libro 5º de Sociedades, Inscripción 1ª. C.I.F. A-39000013

  • Long term debt: A- from BBB+ (stable outlook). Short term rating of A-2 is affirmed (stable outlook).

  • Senior subordinated debt: BBB from BBB-


  • Junior subordinated debt: BB+ from BB


  • Preferred stock: BB+ from BB


Boadilla del Monte (Madrid), October 6, 2015

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