Chair appointment - audit & compliance committee

MATERIAL FACT

At the proposal of the Appointments & Remuneration Committee, the Board of Directors of Banco Santander has resolved to appoint Mr. Manuel Soto Serrano as Chairman of the Audit & Compliance Committee, replacing Mr. Luis Ángel Rojo Duque, who has held such office for the maximum term of four years stipulated by law and the Bylaws of the Bank. Mr. Luis Ángel Rojo Duque continues being a member of the Audit & Compliance Committee.

Boadilla del Monte (Madrid), 18th June 2010