Legal Notice

GENERAL CONDITIONS OF USE

This is the official website of Santander Securities Services, S.A.U, an entity registered with the Bank of Spain under registration number 0038, headquartered at Avda. Cantabria, s/n, 28660 - Boadilla del Monte (Madrid), with Tax Identification Number A28027274.

All products and services provided by Santander Securities Services, S.A.U, are subject to current legislation and are overseen, where applicable, by the Bank of Spain, the National Securities Market Commission, the General Directorate for Insurance and Pension Funds, and other regulatory bodies.

- Please read the following general conditions carefully. To access this website and any of its pages (hereafter, "the Website"), you will be considered a user, and it will be assumed that you accept these General Conditions. Access to any of this Website's pages may be limited by the laws and regulations of different state jurisdictions.

- The information contained on this Website, including that which relates to specific products and services, is provided for use, essentially, by individual customers, companies, businesses, trusts, natural or legal persons or any other entity (hereafter "Persons") resident in Spain or who gain access from Spain and, as such, Santander Securities Services, S.A.U, accepts no responsibility for access gained by Persons in jurisdictions where its distribution or use may conflict with applicable rules or regulations. Certain products and services may not be available or authorised in all jurisdictions or for all Persons.

LIABILITY AND GUARANTEE OF SANTANDER SECURITIES SERVICES GROUP

- CONTENT

Santander Securities Services has obtained the information and materials included in the Website from sources that are considered reliable. However, while reasonable measures have been taken to ensure that the information contained is correct, Santander Securities Services does not guarantee that it is accurate, complete, or up-to-date, and consequently it should not be relied on as such. Santander Securities Services expressly disclaims all liability for errors or omissions in the information contained in the pages of this Website.

Santander Securities Services reserves the right to modify, suspend, cancel or restrict the Website's content, its links, or the information obtained through it, without the need for prior notice.

Under no circumstances shall Santander Securities Services, its subsidiaries and/or its management, employees or authorised personnel be liable for any damages, losses, claims or expenses of any kind, whether or not these result from the use of the Website, from the information acquired or accessed in or through the Website, or from computer viruses, operational faults, service interruptions, interruptions in the transmission of information, or connection/line faults. The use of the Website, both through direct connection and through a link or other kind of portal, constitutes a notification to all users that such eventualities may occur.

The transmission or delivery via the Website of any illegal or unlawful content, computer viruses, or messages which may affect or violate, in general, the rights of Santander Securities Services or of third parties is prohibited.

Santander Securities Services shall not be held responsible for websites that it does not own which may be accessed through links, or for any content made available by third parties. The use of any link or access to any third-party website is carried out at users' exclusive discretion and risk. Santander Securities Services does not recommend or guarantee any information obtained from or via a link, nor does it accept liability for any loss, claim or damage resulting from the use or misuse of a link, from the use of information obtained through a link (including other links or websites), from service or access interruptions, or from attempts to use or misuse a link, while accessing the Website as well as while accessing information contained in other websites from the Website.

In some cases, this Website uses its own cookies as well as those of third parties in order to improve our services through analysis of your browsing patterns.

Cookies are files which are stored on the computer of a user browsing the internet and which, specifically, contain a number that allows the user's computer to be unambiguously identified, even when its location or IP address has been changed.

The website may be accessed without the need for cookies to be activated, however their deactivation may hinder the proper operation of the website.

If you browse the website, we understand that you accept its use, and recommend that you read our Cookie policy closely in order to have detailed information on the cookies used by this website, the purposes for which they are used, and the means by which their use may be challenged or your consent to their use may be revoked.

- FINANCIAL AND STOCK MARKET INFORMATION

This Website does not provide any kind of investment recommendations, nor any legal or tax advice or advice of any other kind, and nothing that is included in it should be used as a basis for making investments or taking decisions. Furthermore, the information contained in this Website is published for general use and does not take into consideration any specific investment objectives, or the financial situation or specific needs of any Person. Before making decisions about any kind of investment you should obtain suitable and specific professional advice. The value of investments may go down as well as up - a situation that must be accepted by the investor, including the risk of not recovering the invested amount, in part or in whole. Likewise, the publication of past returns does not constitute a promise or guarantee of future returns.

The content of this Website is of a strictly informative nature, and should under no circumstances be used or considered as an offer for sale, a solicitation for an offer to purchase, or a recommendation to carry out any kind of transaction, except where expressly indicated as such. Any decision to purchase taken by the recipient must be made while taking account of existing publicly-available information on the security and, where applicable, according to the contents of the prospectus registered with the CNMV (National Securities Market Commission - https://www.cnmv.es), available from this body as well as from the Governing Body of the corresponding Market and from the issuing company.

INDUSTRIAL AND INTELLECTUAL PROPERTY

This Website is the property of Santander Securities Services, S.A.U,. The Intellectual Property rights and rights of use and reproduction of this Website, its pages, its displays, the information that these contain, its appearance and design, and the hyperlinks that may be set up within it to other websites for any company belonging to the Santander Securities Services Group are the exclusive property of the Santander Securities Services Group, except where otherwise specified. All names, designs and/or logos included in this site are duly-registered trademarks. Any improper use of these by persons other than their legitimate owner may be prosecuted in accordance with applicable legislation. The intellectual property rights and trademarks of third parties are prominently displayed and must be respected by all those accessing the Website. Downloading content, copying, or printing any page from this Website may be done only for personal and private use. The reproduction, transmission, modification or deletion of information, content or warnings from this Website without prior written authorisation from Santander Securities Services, S.A.U, is forbidden.

APPLICABLE LEGISLATION

The present general conditions shall be governed by Spanish legislation.

PRIVACY POLICY

Santander Securities Services has designed a privacy policy, establishing the methods and procedures necessary for its implementation.

In accordance with Organic Law on the Protection of Personal Data (LO 15/1999 of 13 December), personal data is understood to be "any information concerning physical persons, identified or identifiable".

The only personal information accessible by Santander Securities Services shall be that which is voluntarily provided by users. In this context it is necessary for users to know that, in order to subscribe and register with some products/services offered through the Website, they will be asked for personal information. In such cases, and with respect to the information expressly indicating this to users/clients, if they do not provide these then they will not be able to access or use the aforementioned services and content. As an example, identification details and information on creditworthiness may be requested, when naturally required by an operation, as well as any other information which, depending on the circumstances, may be legally required or necessary in order to provide the information requested or to offer a service. Voluntary information is collected by Santander Securities Services for the purpose indicated in the Data Protection clause set out below. The privacy policies for each subsidiary of Santander Securities Services are set out in the corresponding Legal Disclaimers on their respective websites.

In compliance with current regulations, Santander Securities Services has taken the necessary technical and organisational measures in order to maintain the level of security required for the handling of personal information. Furthermore, Santander Securities Services is equipped with the specific mechanisms at its disposal in order to avoid, as far as possible, unauthorised access to personal information and the theft, unlawful modification and loss thereof.

Nonetheless, if you publish information so that it is accessible to the public, it is possible that you may receive unsolicited messages from other persons and that your details are therefore made known to third parties.

In light of the above, you are recommended to exercise the utmost diligence and use all information security tools available to you. Santander Securities Services does not accept liability for the theft, modification or loss of personal information.

Users' rights of access, rectification, cancellation and objection, where applicable, with respect to their personal information are recognised by law, and may be exercised by writing to the address listed in the Data Protection Clause set out below. In the same way, users may at any time revoke any authorisation that they may have granted for the use or disclosure of their information, without prejudice to Santander Securities Services' right to terminate the contract or operation in question when the aforementioned information is essential to the successful execution thereof. Users may also modify information which they have supplied to Santander Securities Services, via the websites, through the means indicated therein.

DATA PROTECTION CLAUSE

Users who are natural persons are informed that their personal information, which the Bank may be able to access as a result of enquiries, transactions, operations, contract applications or the procurement of products and services done via any channel, or as a result of computer processing of the information already recorded, shall be added to the Bank's corresponding file. The Bank shall be authorised to process this information for its own use in relation to the development of this form or request, as well as the development of commercial actions (whether of a general nature or adapted to the user's personal features) for offering to and contracting with the user of the products and services of the Bank itself. Authorisation shall remain effective in relation to this latter instance, including after the termination of the user's relationship with the Bank, until such time as it is revoked. Likewise, the interested party shall authorise the communication or transferral of the information referred to above to Companies belonging to Santander Securities Services which have the same objective. Furthermore, the interested party is informed that the aforementioned transferral shall henceforth be made to the Companies whose names and headquarters are indicated below, with their type of business activity also being detailed. In the event of subsequent transferrals to other Companies belonging to the Group, the parties agree that the Bank may communicate such transferrals to the interested party through the normal means used, where applicable, to inform them of the products that they have signed up for with the Bank. The interested party is informed of their right to objection, access, rectification or cancellation with respect to their personal information under the terms stipulated by Law. They may exercise this right, in writing, by sending a letter to Customer Services, Gran Vía Santander, Gran Vía de Hortaleza, nº 3, 28033. The delivery of the information requested in relation to the present document is obligatory, and Santander Securities Services, S.A.U., domiciled for these purposes at the address indicated above, shall be responsible for the data file.

Detailed below is the list of Santander Securities Services companies to which the transferral of personal information shall be made, as well as the business activity performed by each of these:

- SANTANDER FUND ADMINISTRATION, S.A.: PROVISION OF ADVISORY AND THIRD-PARTY ADMINISTRATION SERVICES

Notwithstanding the aforementioned, and the provisions contained in the previous section, the Account Holder may indicate their objection to the communication of their data and to the handling thereof for purposes different from those directly related to the maintenance, development or control of the contractual relationship, including the transferral of users' personal information to companies belonging to Santander Securities Services as well as the use of users' personal information in the offering and contracting of other products and services of the Bank.

© Santander Securities Services, S.A.U,. All rights reserved.