Dividend Declaration

Banco Santander Central Hispano SA
20 June 2005




MATERIAL FACT


Banco Santander Central Hispano, S.A. hereby advises that as of 1st August next
it will pay a dividend on account of the earnings for the 2005 financial year
for a gross amount per share of 0.09296 euros. This dividend is 12% higher than
that paid in August 2004 as a first interim dividend on account of the earnings
for 2004. On the aforementioned date, Monday 1st August 2005, the Bank's share
will already trade ex-dividend.





                                     Boadilla del Monte (Madrid), 20th June 2005


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