Banco Santander has appointed Sheila Bair to its Board of Directors. Bair, an American born in 1954, will fill the vacancy left by Lord Burns and needs shareholder approval. She chaired the Federal Deposit Insurance Corporation during the financial crisis from 2006 to 2011, overseeing deposit guarantees and resolving troubled banks. Santander believes Bair will provide significant contributions thanks to her international experience and knowledge of the US financial market, where Santander operates businesses.

1. Press release
Sheila Bair, new director of Banco
Santander
Madrid, January 27, 2014 – The Board of Directors of Banco Santander has agreed
to appoint, by co-optation, Sheila Bair as an independent director of the company.
This appointment has to be ratified at the next Banco Santander shareholders'
meeting.
Sheila Bair (USA , 1954), who will occupy the vacancy left on the board by Lord
Burns, played an important role during the financial crisis as chair of the Federal
Deposit Insurance Corporation from 2006 to 2011.
This was a key institution during the financial crisis in the U.S. Among its
responsibilities, together with deposit guarantees, is the resolution of institutions,
including taking control, selling or liquidating banks that are in difficulty.
Santander’s Board of Directors is convinced Sheila Bair will make a significant
contribution, due to her international experience and her knowledge of the U.S
financial market. The Santander Group is present in the U.S. through its consumer
finance business, Santander Consumer USA, and its retail banking operation,
Santander Bank.
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
Calle, número, 00000 Municipio. Tel. 00 000 000. Fax. 00 000 000. e-mail