Banco Santander, S.A. formally adopts the Equator Principles

Spain - 30 April 2009

Banco Santander, S.A. (Banco Santander) announces today that it is formally adopting the Equator Principles for its Project Finance activity. These principles comprise a voluntary commitment and are based on the International Finance Corporation (IFC) performance standards on social and environmental sustainability and on the World Bank Group’s environmental, health and safety general guidelines that are applied globally and across all industry sectors by EPFI banks. Social and environmental criteria will be applied globally to all new project finance lending and advisory activities across all industry sectors, in accordance with the Equator Principles declaration. Banco Santander and its affiliates (Group Santander) are international leaders in Project Finance.

The adoption of the Equator Principles is consistent with its culture of risk analysis and control, as environmental and social risk assessment practices and procedures are already established for its project finance activity. This step confirms the bank’s commitment to sustainable development worldwide and complements its participation in initiatives such as the United Nations Global Compact, the United Nations Environmental Program – Financial Initiative (UNEP-FI), or the Carbon Disclosure Project. Banco Santander is present in the main socially responsible investment stock indices: DJSI, FTSE4Good, Aspi Eurozone and the Ethibel Excellence Europe and Global Index.