Dividend Declaration

Banco Santander Central Hispano SA
09 January 2007

                                 MATERIAL FACT

Banco Santander Central Hispano, S.A. hereby advises that as of 1st February
next it will pay a dividend on account of the earnings for the 2006 financial
year for a gross amount per share of 0.106904 euros. This dividend is 15% higher
than that paid in February 2006 as a third interim dividend on account of the
earnings for 2005. On the aforementioned date, Thursday 1st February, the Bank's
share will already trade ex-dividend.

                                   Boadilla del Monte (Madrid), 9th January 2007



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