BANCO SANTANDER S.A.

Ticker: SAN CUSIP: 05964H105 Class: ADR

First City Capital Management, Inc.'s Holding History (CIK: 0001427350)

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

Q1 2016

Shares 2,066 Value ($000) $9,008 Avg Close — Range —

Q4 2015

Shares 2,066 Value ($000) $10,061 Avg Close — Range —

Q3 2015

Shares 2,547 Value ($000) $13,448 Avg Close — Range —

Q2 2015

Shares 2,547 Value ($000) $17,854 Avg Close — Range —

Q1 2015

Shares 2,000 Value ($000) $14,900 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	2,066	$9,008	—	—
Q4 2015	2,066	$10,061	—	—
Q3 2015	2,547	$13,448	—	—
Q2 2015	2,547	$17,854	—	—
Q1 2015	2,000	$14,900	—	—