Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages)

Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Programme was established by in October 2006 by Banco Santander Totta, S.A. under the Portuguese Covered Bond Law to issue up to EUR 12,500,000 of Covered Bonds. In case of Issuer default, the assets of the cover pool are available to repay principal and interest of the Covered Bonds subject to the Final Terms of each issue. In March 2023, the Issuer converted the Programme to be compliant with Decree-Law No. 31/2022 of 6 May 2022 and the CMVM Regulation 2/2023 of 28 July 2023. The Programme's legal documents have been reviewed in 2025, and the total Programme size was increased to up to EUR 15 billion.