Director/PDMR Shareholding

Banco Santander Central Hispano SA
17 August 2006


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)    An issuer making a notification in respect of a transaction relating
       to the shares or debentures of the issuer should complete boxes 1 to
       16, 23 and 24.
(2)    An issuer making a notification in respect of a derivative relating
       to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13,
       14, 16, 23 and 24.
(3)    An issuer making a notification in respect of options granted to a
       director/person discharging managerial responsibilities should
       complete boxes 1 to 3 and 17 to 24.
(4)    An issuer making a notification in respect of a financial instrument
       relating to the shares of the issuer (other than a debenture) should
       complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


Please complete all relevant boxes in block capital letters.


1. Name of the issuer

BANCO SANTANDER CENTRAL HISPANO, S,.A.........


2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


(i)....................................


3. Name of person discharging managerial responsibilities/director


MS. ANA PATRICIA BOTIN-SANZ DE SAUTUOLA Y O'SHEA, DIRECTOR OF THE ISSUER........


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person


THIS NOTIFICATION RELATES TO A CONNECTED PERSON NAMED AIKEN INVERSIONES, S.L....


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest


AS IN 4 ABOVE....................................


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares


ORDINARY SHARES OF 0.50 NOMINAL VALUE EACH....................................


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them


AIKEN INVERSIONES, S.L.....................................

....................................


8 State the nature of the transaction


DISPOSAL....................................

....................................


9. Number of shares, debentures or financial instruments relating to shares
acquired


....................................


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)


....................................


11. Number of shares, debentures or financial instruments relating to shares
disposed


200,000....................................


12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)


0.003%....................................


13. Price per share or value of transaction


DISPOSAL OF 30,000 SHARES AT 11.69€

DISPOSAL OF 170,000 SHARES AT 11.72€ ....................................


14. Date and place of transaction


RESPECTIVALY

10 AUGUST 2006, MADRID (SPAIN)

11 AUGUST 2006, MADRID (SPAIN)

....................................


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)


AIKEN INVERSIONES, S.L.: 200,000; 0.003%

MS. ANA PATRICIA BOTIN-SANZ DE SAUTUOLA Y O'SHEA: 9,001,969 SHARES; 0.144%......


16. Date issuer informed of transaction


ON 16 AUGUST 2006....................................


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17 Date of grant


....................................


18. Period during which or date on which it can be exercised


....................................


19. Total amount paid (if any) for grant of the option


....................................


20. Description of shares or debentures involved (class and number)


....................................

....................................


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise


....................................


22. Total number of shares or debentures over which options held following
notification


....................................


23. Any additional information


THE VOTING RIGHTS ATTACHED TO THE DISPOSED SHARES CORRESPONDED TO MR. EMILIO
BOTIN SANZ DE SAUTUOLA Y GARCIA DE LOS RIOS BY VIRTUE OF AN AGREEMENT DATED AS
OF 06 FEBRUARY 2006.

THE CURRENT NUMBER OF VOTING RIGHTS THAT CAN BE EXERCISED BY MR. EMILIO BOTIN
IS: 47,322,603 SHARES (0.757%) ....................................


24. Name of contact and telephone number for queries


JORGE CESAR ROMAN AGUILERA; +(34) 912890911....................................


Name and signature of duly authorised officer of issuer responsible for making
notification


JOSE MANUEL DE ARALUCE ....................................


Date of notification


17 AUGUST 2006....................................

END


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