INFORMATION MEMORANDUM DATED 9 JULY 2009 ...

IMPORTANT NOTICE
This Information Memorandum (together with any supplementary information memorandum and any
documents incorporated by reference, the "Information Memorandum") contains summary
information provided by Santander Consumer Finance, S.A. (the "Issuer") in connection with a
euro-commercial paper programme (the "Programme") under which the Issuer may issue and have
outstanding at any time euro-commercial paper notes (the "Notes") up to a maximum aggregate
amount of €8,000,000,000 or its equivalent in alternative currencies. Under the Programme, the Issuer
may issue Notes outside the United States pursuant to Regulation S ("Regulation S") of the United
States Securities Act of 1933, as amended (the "Securities Act"). The Issuer has, pursuant to a dealer
agreement dated 9 July 2009 (the "Dealer Agreement"), appointed Morgan Stanley & Co.
International plc as arranger for the Programme (the "Arranger"), appointed Abbey National Treasury
Services PLC, Banc of America Securities Limited, CALYON, Citibank International plc,
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank International), Credit Suisse
Securities (Europe) Limited, Danske Bank A/S, Deutsche Bank AG, London Branch, Goldman Sachs
International, ING Bank N.V., Morgan Stanley & Co. International plc, Skandinaviska Enskilda
Banken AB (publ), Société Générale, The Royal Bank of Scotland plc and UBS Limited as dealers for
the Notes (together with the Arranger, the "Dealers") and authorised and requested the Dealers to
circulate the Information Memorandum in connection with the Programme on their behalf to
purchasers or potential purchasers of the Notes.
The Issuer accepts responsibility for the information contained in this Information Memorandum. To
the best of the knowledge of the Issuer (who has taken all reasonable care to ensure that such is the
case), the information contained in this Information Memorandum is in accordance with the facts and
does not omit anything likely to affect the import of such information.
Notice of the aggregate nominal amount of Notes, the issue price of Notes and any other terms and
conditions not contained herein which are applicable to each issue of Notes will be set out in final
terms (each the "Final Terms") which will be attached to the relevant form of Note (see "Forms of
Notes"). Each Final Terms will be supplemental to and must be read in conjunction with the full terms
and conditions of the Notes, which are set out in the form of Note (as appropriate). The relevant Final
Terms are also a summary of the terms and conditions of the Notes for the purposes of listing. Copies
of each Final Terms containing details of each particular issue of Notes will be available from the
specified office set out below of the Issuing and Paying Agent (as defined below).
The Issuer has confirmed to the Dealers that the information contained or incorporated by reference in
the Information Memorandum is true, accurate and complete in all material respects and is not
misleading and there are no other facts in relation thereto the omission of which would in the context
of the Programme or the issue of the relevant Notes make any statement in the Information
Memorandum misleading in any material respect, and all reasonable enquiries have been made to
verify the foregoing and the opinions and intentions expressed therein are honestly held and, in
relation to each issue of Notes agreed as contemplated in the Dealer Agreement to be issued and
subscribed, the Information Memorandum together with the relevant Final Terms contains all the
information which is material in the context of the issue of such Notes.
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