Oct 29 (Reuters) - Chief Executive Officer of Banco

Santander, Hector Grisi:

* WE DON'T HAVE ANY PLANS REGARDING EBURY NOW

* EXPECTS TO RECEIVE AUTHORIZATION TO CLOSE ACQUISITION OF

TSB IN

FIRST QUARTER OF 2026

* TSB'S ACQUISITION WILL HELP US IMPROVE AND STRENGTHEN OUR

BANK

IN THE UK OVER THE NEXT THREE YEARS

* WE DON'T NEED TO EMBARK ON ANY M&A DEAL IN SPAIN

* IT DOES NOT MAKE SENSE TO GRANT MORTGAGES IN SPAIN BELOW

AN

INTEREST RATE OF 2%, GROWTH IN THIS SEGMENT HAS TO BE PROFITABLE

* ANY POTENTIAL UPDATE OF SPANISH TAKEOVER LAW WOULD HAVE TO

ADDRESS EFFICIENCY

* WE WOULD ONLY DO BOLT-ON ACQUISITIONS IN MARKETS WHERE WE

ARE

PRESENT TO IMPROVE OUR FRANCHISES

* CONDITIONS IN SPANISH MORTGAGE MARKET ARE GRADUALLY

BECOMING

MORE RATIONALE

* FOR THE MOMENT WE WILL NOT RAISE OUR PROVISIONS RELATED TO

MOTOR

FINANCE REDRESS SCHEME IN THE UK

Further company coverage:

(Reporting By Madrid Newsroom)