Dividend Declaration

Banco Santander Central Hispano SA
16 July 2002


                              
Banco Santander Central Hispano, S.A. announces that as of August 1st 2002 it 
will pay a first interim dividend on account of the earnings for the 2002 
financial year of 0.0775 euros per share, representing a 3.16% increase over the
dividend paid in July 2001.


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