Confidential and Proprietary

XBRL inSantander Group

Amsterdam, november 6th, 2007

Confidential and Proprietary

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Confidential and Proprietary

Index

Quick update on the action items carried out this year towards a Santander Group corporative XBRL reporting framework.

Current problems facing XBRL COREP adoption

Questions and Answers to the next COREP/FINREP XBRL evolution and challenges

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Confidential and Proprietary

nov.2005

XBRL Workshops

Communicate XBRL to the business units.

XBRL Financial StatementsInvolved in the SIIF project for XBRL exchange jointly with the Bank of Spain

(Santander) 2005 June

(Banesto) May 2006

(SCF) May 2006

XBRL Pilot Project internal reporting

Department

mar.2006

jun.2006

Corporate XBRL Architecture

The XBRL Reference Architecture for Corporate Reporting is defined.

sep. 2006

XBRL Labs Department. develop and integrate XBRL components and services.

Q1Q4

2005 2006 2007

Risk information projectBasel II COREP to Bank of Spain

Corporate Plan – XBRL Projects – Milestone Summary

aug. 2007

Q2 Q3 Q4 Q1 Q2 Q3 Q4

Corporate XBRL Architecture

Architecture component design and development.

Corporate XBRL Architecture

First Production Release.

XBRL Conversion

XBRL Validation

Security & Comm. automation services.

FINREP and Formula information projectBank of Spain

Q3-Q4 2008

Corporate XBRL Architecture

2nd Production Release.

XBRL Conversion XBRL Validation Sending automation services.

End User report tracking system

Visualization Services

2008 2009

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Current Situation. Short Term Strategy. XBRL international consortium propose as strategy to diffuse the language firstly

to the documents with financial information to enlarge it later on to the non financial information

After that the specifications will extend so that all the external financial documents (inside each jurisdiction, to develop extensions to the general or main taxonomy that reflect the particularities of the different activity sectors)

Following the same strategy in the short term, the Santander Group will focus using XBRL for regulatory reporting purpose.

International XBRL Strategy

External Financial Information

Internal Financial Information

Internal Non-Financial Information

External Non-Financial Information

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XBRLCONVERSOR

4 5

XBRL Corporate Reporting Platform

Processing WorkFlow

COMPRESSCOMPRESS SECURITYSECURITY

Load TaxonomyLoad Map

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Store Instance

Technical Solution

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Regulatory BankingSupervisor

First Production Release: Sending XBRL from the platform server XBRL Conversion (Proprietary) XBRL Validation (Proprietary) XBRL Corporate Repositories Using the server to control and monitor the

information sent to the regulator

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Geographic Scope.

Currently the geographic scope of the project is focused on spanish regulator, the evolution of the platform is being designed to allow other countries to apply to their local regulatory body standards as required in next years.

CC HoldingCC Holding

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Confidential and Proprietary

0049 – Banco Santander SCH Entidades representadas 0011 AllFunds Bank 0036 Santander Investment 0073 Open Bank Santander Consumer 0086 BANIF 0091 Banco de Albacete

0030 – Banco Español de Crédito Banesto0038 – Banesto Banco de Emisiones0083 – Banco Alicantino

Establecimientos Financieros (EFC)0224 – Santander Consumer Finance8236 – Santander Consumer EFC4784 – Transolver Finance8814 – Accordfin España8490 – Santana Credit8906 – Santander Factoring y Confirming4757 – BANSALEASE EFC4797 – Santander de Leasing EFC

Estados Financieros Públicos 1 informe mensual

5 informes trimestrales 2 informes anuales

En Total 34 Informes al año por entidad

578 informes XBRL al año

Regulatory reporting based on local supervisor level. Spain, UK, US…

Geographic Scope.

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Current problems facing XBRL COREP adoption

Each country is adopting/extending COREP framework in a different approach. This would cause additional efforts in the corporate in order to adapt to

each country regulatory requirements. Mapping data between different taxonomies.(reusing reporting information)

The different versions each regulator is using to extend their local taxonomies is an additional issue to be solved in next steps of COREP evolution (supported with the new Versioning specification and software/integration for the reporting platform).

Report/View Oriented taxonomy vs. DataModel oriented taxonomy COREP approach increase the efforts to render the information reported

and to duplicate elements in different reports.

Modularization and Performance issues is advised to improve in next COREP/FINREP versions.

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How is Santander Group XBRL reporting estrategy with COREP? Santander Group is pushing the XBRL standard at medium speed in order to

comply to regulatory requirements in this short term (local spanish regulators at this moment) using a reporting platform

The medium/long term is to evolve the corporate reporting solution, As soon as requirements grow to adapt the IT integrated systems to those needs.

How is accomplish the C-EBS and COREP project according to the regulatory reporting situation? It is handling the project at enough speed to accomplish the goal. The complexity of the ellaboration proccess to collect and report the

information required is higher than expected. Simplify the XBRL taxonomy, a real common framework to produce the

report once and deliver to any regulators is a goal. Interoperability and performance is desired to facilitate the IT systems

integration

Questions and Answers to the next COREP/FINREP XBRL

Confidential and Proprietary