Dividend Declaration

Banco Santander Central Hispano SA
19 April 2002
                        Banco Santander Central Hispano SA
                               Final Dividend

As from 30th April 2002, Banco Santander Central Hispano will pay a dividend on
all currently outstanding ordinary shares as follows:

Number of          Gross Dividend       18% Withholding Tax    Net Dividend
 Shares

4,569,362,499      Euro 0.063106        Euro 0.011359         Euro 0.051747

The dividend is the fourth, payable on a quarterly basis, charged to year 2001
earnings.






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