Banco Santander Dividend Poli
MATERIAL FACT
With respect to the information on its dividend policy that has appeared in certain media, Banco Santander hereby states as follows:
-
That the Group's traditional policy on dividends is to assign approximately 50% of the Group's ordinary income to the payment of dividends (a pay-out of around 50%).
2. That, in this context, regarding 2009, the Bank's objective is to assign EUR 4,812 million to
remunerate its shareholders, the same amount as that assigned in 2008, as stated at
the Annual General Meeting of Shareholders last June.
3. That the decisions to be taken in due course on matters of shareholder remuneration
charged to the 2010 financial year will be in line with the aforementioned pay-out policy
of around 50%.
4. That the Bank considers it appropriate that Grupo Santander maintains a high core capital
ratio, demonstrating the strength of its balance sheet and equity.
Boadilla del Monte (Madrid), 21st October 2009
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