Disposal

Banco Santander S.A.
08 November 2007










                           MATERIAL FACT ANNOUNCEMENT



Banco Santander announces that it has reached an agreement with Monte dei Paschi
di Siena for the sale of Banca Antonveneta for a total consideration of €9,000
million. The transaction is subject to the approval of the relevant authorities.


Banca Antonveneta is one of the businesses of ABN Amro allocated to Banco
Santander. Banco Santander, together with Royal Bank of Scotland and Fortis has
been a member of the consortium that launched the recently completed tender
offer for ABN Amro.


Interbanca, the division of corporate banking of Banca Antonveneta is not
included in the sale.



                                   Boadilla del Monte (Madrid), November 8, 2007



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