Dividend Declaration

Banco Santander Central Hispano SA
17 October 2002

                                  Second Interim Dividend

As from 1st November 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

4,768,402,943      Euro 0.075126        Euro 0.013523             Euro 0.061603

The dividend is the second, payable on a quarterly basis, charged to year 2002 
earnings.


                      This information is provided by RNS
            The company news service from the London Stock Exchange