Result of Equity Issue

RNS Number : 2411J

Banco Santander S.A.

28 November 2008

 

MATERIAL FACT ANNOUNCEMENT

In accordance with section 5.1.9 of the share securities note of the Spanish prospectus of Banco Santander, S.A. ('Banco Santander'), registered with the official registry of the Comisión Nacional del Mercado de Valores on November 11, 2008 relating to the share capital increase in the total amount of 7,194,653,460 euros (the 'Capital Increase'), Banco Santander announces that:

• The period for the preemptive subscription and for the request of additional shares in respect of the Capital Increase (the 'Preemptive Subscription Period') ended yesterday, November 27, 2008. During the Preemptive Subscription Period 1,590,213,499 shares, representing 99.46% of the Capital Increase, were subscribed for by means of the exercise of the preemptive subscription rights.

• During the Preemptive Subscription Period 591,654,043 additional shares were requested. Since the number of additional shares requested is greater than the 8,598,381 shares not subscribed for by means of the exercise of the preemptive subscription rights, Santander Investment, S.A., in its capacity as agent, will carry out the pro-rata procedure set out in the share securities note of the Spanish prospectus. Each shareholder that has requested additional shares will be allotted, approximately, 1.45% of the additional shares requested by him.

• Thus, the 1,598,811,880 new shares of the Capital Increase have been fully subscribed for.

• Since the Capital Increase has been fully subscribed, the discretionary allocation period will not commence. 

In the coming days, in accordance with the anticipated schedule for the Capital Increase as set out in the share securities note of the Spanish prospectus, Banco Santander will execute the Capital Increase public deed and will proceed with the process for the admission to listing of the new shares on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia, as well as on the remaining foreign Stock Exchanges where Banco Santander's existing shares are currently listed.

Boadilla del Monte (Madrid), November 28, 2008

 

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