Dividend Notification

Banco Santander Central Hispano SA
27 July 2000

1ST INTERIM DIVIDEND
SECURITY TITLE
*Eur0.50
MNEMONIC CODE        *BDS
SEDOL CODE           *5-705-946
DIVIDEND AMOUNT      *EUR0.066111 (Gross)
PROVISIONAL EX DATE  *31-07-00
RECORD DATE          *N/av
PAYMENT DATE         *31-07-00
NOTES *