Bal. sheet optimisation plan

Banco Santander Central Hispano SA
14 June 2007



                              OTHER COMMUNICATIONS


As part of the plan of Grupo Santander for the optimisation of its balance
sheet, it is contemplated the sale of real estate assets currently used by
Santander, with an estimated market value of euro 4,000 million and a potential
net capital gain of around euro 1,400 million.


This transaction would be implemented by means of a sale and leaseback,
procedure which has been used by other international financial entities.



                                      Boadilla del Monte (Madrid), June 13, 2007



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