Banco Santander, S. A announced at the board meeting held on January 15, 2019, the board resolved in a meeting held, not to proceed with the planned appointment of Mr. Andrea Orcel as Chief Executive Officer of the Group. Mr. José Antonio Álvarez Álvarez will continue in the role of CEO of Santander Group and shall also serve as Vice Chairman of Banco Santander, and shall not serve as Chairman of Santander España. Mr. Rodrigo Echenique Gordillo, who is due to retire from his current role as Chairman of Santander Spain in March, will remain until a successor is named, and shall continue to be Vice Chairman of Banco Santander. After these decisions, the Vice chairman of Banco Santander shall be Mr. Bruce Carnegie Brown, Mr. Rodrigo Echenique Gordillo and Mr. José Antonio Álvarez Álvarez.