BANCO SANTANDER S.A.

Ticker: SAN CUSIP: 05964H105 Class: ADR

Douglass Winthrop Advisors, LLC's Holding History (CIK: 0001308527)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014
Shares 15,841 Value ($000) $132 Avg Close — Range —
Q3 2014
Shares 15,506 Value ($000) $147 Avg Close — Range —
Q2 2014
Shares 15,199 Value ($000) $158 Avg Close — Range —
Q1 2014
Shares 14,885 Value ($000) $143 Avg Close — Range —
Q4 2013
Shares 14,549 Value ($000) $132 Avg Close — Range —
Q3 2013
Shares 15,324 Value ($000) $125 Avg Close — Range —