INFORMATION MEMORANDUM DATED 9 JULY 2009 ...

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total of the business that the Consumer Group carries out in each geographical area: Spain (including Openbank) and Portugal, Germany, Italy, Scandinavia and the Rest of Europe. The following tables summarise customer lending and customer deposits by geographical area at 31 December 2008, compared with the previous year (excluding balance sheet adjustments): (millions of euros) Customer Lending 2008 financial year % of total activity 2007 financial year Variation 2008/2007 (%) Spain and Portugal 13,675.1 27% 14,209 -4% Germany 23,240.3 47% 17,257 35% Italy 6,104 12% 5,762 6% Scandinavia 3,498.4 7% 3,504 0% Rest of Europe 3,241 7% 2,893 12% Total 49,758.8 100.0% 43,625 14% (millions of euros) Customer Deposits 2008 financial year % of total activity 2007 financial year Variation 2008/2007 (%) Spain and Portugal 4,658.6 26% 4,921.3 -5% Germany 12,888.4 72% 8,331.9 55% Italy 340.3 2% 429.3 -21% Scandinavia 52.7 0% 76.3 -31% Rest of Europe 7.2 0% 18.8 -62% Total 17,947.2 100.0% 13,777.6 30% The following sections describe the main markets in which the Issuer competes within each geographic area. - 28 -
SPAIN AND PORTUGAL The following table sets out the consolidated balance sheet for Spain and Portugal at 31 December 2008, compared with the previous year and the total figures for the Consumer Group: (thousands of euros) Consolidated Balance Sheet (Spain and Portugal against the total figures for the Consumer Group) 2008 financial year 2007 financial year Total 2008 financial year Loans and advances to customers 13,240,016 13,412,449 48.425.581 Financial assets held for trading (excluding derivatives) - - 365.922 Available-for-sale financial assets 89,470 143,872 189.739 Loans and advances to credit institutions 2,663,451 1,753,301 3.312.617 Tangible and intangible assets 1,813,929 1,940,149 2.278.333 Other asset accounts 1,043,083 615,830 2.374.075 Total assets 18,849,949 17,865,601 56.946.267 Customer deposits 4,718,690 4,715,572 18.053.494 Marketable debt securities 8,563,033 12,945,237 14.712.803 Subordinated liabilities 640,017 658,645 841.386 Deposits from credit institutions 6,805,340 2,865,018 17.213.946 Other liability accounts 1,224,456 1,494,443 2.451.524 Shareholders' equity 5,397,979 4,486,797 3.673.114 Total funds under management 27,349,515 27,165,712 56.946.267 The loans to customer's portfolio in Spain (including Openbank) and Portugal of €13,240 million represents a 27 per cent. of the total consolidated portfolio for Consumer Group at December 2008, a decrease of 1.29 per cent. in comparison with 2007. Spain (including Openbank) and Portugal represent 40,5 per cent. of total customer funds within the Consumer Group, with funds under management at the end of 2008 valued at €13,282 million (including both customer deposits (€4,718.69 million) and marketable debt securities (€8,563 million)). GERMANY The following table sets out the consolidated balance sheet for Germany at 31 December 2008, compared with the previous year and the total figures for the Consumer Group: - 29 -
Page 1 and 2: INFORMATION MEMORANDUM DATED 9 JULY
Page 3 and 4: Neither the Issuer, the Arranger no
Page 5 and 6: TABLE OF CONTENTS Page Risk Factors
Page 7 and 8: can be no assurance that the Consum
Page 9 and 10: Consumer Group's use of observed hi
Page 11 and 12: The Consumer Group also faces the r
Page 13 and 14: Holders of beneficial interests in
Page 15 and 16: Insolvency Law could affect the ran
Page 17 and 18: Issuer: Risk Factors: Arranger: Dea
Page 19 and 20: Status of the Notes: Taxation: Disc
Page 21 and 22: Beneficial Owners must seek their o
Page 23 and 24: SANTANDER CONSUMER FINANCE, S.A. Hi
Page 25 and 26: Excluding this unit, net allocation
Page 27: The Mortgage financing business dec
Page 31 and 32: Financial assets held for trading (
Page 33 and 34: Deposits from credit institutions 2
Page 35 and 36: Recent Developments The most signif
Page 37 and 38: At the date of preparation of the 2
Page 39 and 40: Banco Santander Consumer Portugal,
Page 41 and 42: Millions of Euros (*) 2008 2007 San
Page 43 and 44: At the date of preparation of these
Page 45 and 46: Consequently, at 31 December 2008,
Page 47 and 48: Key Information CERTAIN INFORMATION
Page 49 and 50: credits under the limited events re
Page 51 and 52: FORMS OF NOTES Part A - Form of Mul
Page 53 and 54: (iii) (iv) (v) (vi) (vii) in respec
Page 55 and 56: 9. If the Maturity Date (or, as the
Page 57 and 58: (b) the period beginning on (and in
Page 59 and 60: 16. Instructions by the Issuer expr
Page 61 and 62: AUTHENTICATED by CITIBANK, N.A. Sig
Page 63 and 64: FINAL TERMS [Completed Final Terms
Page 65 and 66: 2. All payments in respect of this
Page 67 and 68: 7. If the Maturity Date (or, as the
Page 69 and 70: (b) in the case of a Note which spe
Page 71 and 72: (d) Service of process: The Issuer
Page 73 and 74: were the number of months specified
Page 75 and 76: FINAL TERMS [Completed Final Terms
Page 77 and 78: 8. Maturity Date: [ ] [May not be l
Page 79 and 80:
[Moody's Investors Service Ltd.: [
Page 81 and 82:
PART B - OTHER INFORMATION 1. INTER
Page 83 and 84:
levy, generalising the Value Added
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(b) Wealth Tax (Impuesto sobre el P
Page 87 and 88:
They will be subject to NRIT (as de
Page 89 and 90:
In light of the above, the Issuer,
Page 91 and 92:
1. General SUBSCRIPTION AND SALE Ea
Page 93 and 94:
7. Norway This Information Memorand
Page 95 and 96:
Clearing of the Notes GENERAL INFOR
Page 97 and 98:
APPENDIX 1 ICSDS PROCEDURES Spanish
Page 99 and 100:
ICSD Customer/Participant that requ
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According to the procedure agreed u
Page 103 and 104:
Article II. Quick refund procedure
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enefit of the beneficial owners. Th
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Article IV. Summary of certificatio
Page 109 and 110:
EXHIBIT II [English translation pro
Page 111 and 112:
EXHIBIT III [English translation pr
Page 113 and 114:
REGISTERED OFFICE OF THE ISSUER San
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