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#: 0061-11 Date: January 14, 2011 To: All Participants Category: Dividends From: Supervisor, Stock D

#: 0061-11 Date: January 14, 2011 To: All Participants Category: Dividends From: Supervisor, Stock D-2025

#: 0061-11 Date: January 14, 2011 To: All Participants Category: Dividends From: Supervisor, Stock D Preview on Page 1

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The document is a notice from the Supervisor of the Stock Dividend Department regarding a scrip dividend declared by Banco Santander S.A. Shareholders can choose to receive their dividend in cash or stock, with specific options outlined for American Depositary Receipt (ADR) holders. The notice includes important dates, tax implications, and instructions for submitting election choices. It emphasizes the need for timely responses to avoid defaulting to cash payment and provides contact information for further inquiries.

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