Dividend Declaration

Banco Santander Central Hispano SA
23 April 2003




                     BANCO SANTANDER CENTRAL HISPANO, S.A.

                             Fourth Dividend


As from 1st May 2003 Banco Santander Central Hispano will pay a dividend on all
currently outstanding ordinary shares as follows:


Number of Shares      Gross Dividend      15% Withholding Tax      Net Dividend

                      Euro 0.060732         Euro 0.009110         Euro 0.051622

4,768,402,943

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

                                                Santander, 22 April 2003


                     The Secretary General and of the Board


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