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Santander incorporates new partners in Consumer USA

Santander Consumer USA will increase its capital by
approximately $1.15 billion, with Sponsor Auto Finance Holdings Series, an entity held by
funds affiliated with Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners,
investing $1 billion in the company and Dundon DFS, approximately, another $150 million.

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Santander incorporates new partners in Consumer USA

  1. 1. Press release Santander incorporates new partners in Santander Consumer USA and realizes a capital gain of approximately $1 billion Following the capital increase, Grupo Santander will have a 65% stake in Santander Consumer USA, Sponsor Auto Finance Holdings Series 25% and Dundon DFS 10%.Madrid, October 21, 2011 - Santander Consumer USA will increase its capital byapproximately $1.15 billion, with Sponsor Auto Finance Holdings Series, an entity held byfunds affiliated with Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners,investing $1 billion in the company and Dundon DFS, approximately, another $150 million.The transaction values the company at $4 billion. Following this transaction, Santander willrealize a capital gain of approximately $1 billion. The capital gain will be fully allocated toreinforce the Group’s balance sheet.Following this transaction, Grupo Santander will have a 65% stake in Santander ConsumerUSA; Kohlberg Kravis Roberts, Warburg Pincus and Centerbridge Partners (through SponsorAuto Finance Holdings Series) 25%; and Dundon DFS 10%.Santander Consumer USA has assets of more than $16 billion, more than 2,000,000customers and 2,800 employees. The company distributes loans through a network of morethan 13,000 auto dealers. Santander Consumer USA registered a profit of $455 million in2010.The transaction is subject to obtaining the relevant regulatory approvals. 1Comunicación Externa.Ciudad Grupo Santander Edificio Arrecife Pl. 228660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11email: comunicacionbancosantander@gruposantander.com

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