Press Release

DBRS Releases Report on Banco Santander SA

Banking Organizations
December 20, 2011

DBRS, Inc. (DBRS) has today released an updated rating report on Banco Santander SA.

Today’s report is available at www.dbrs.com.

At the same time, DBRS has corrected the Short-Term Debt rating of Santander Central Hispano Finance (Delaware) Inc, which was downgraded to R-1 (middle) with a Negative trend on 9 December 2011. The rating should have been downgraded to R-1 (middle) with a Stable trend. The corrected rating is included below.

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

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