Dividend Declaration

Banco Santander Central Hispano SA
3 October 2002

                              'MATERIAL FACT'

Banco Santander Central Hispano, S.A. announces that as of 1st November next, it
will pay a second interim dividend on account of the earnings for the 2002
financial year, amounting to 0.075126 euros per share, which is the same as that
paid in October last year as the second interim dividend for the 2001 financial
year.


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