Further re Sale of Shares

Banco Santander Central Hispano SA
31 May 2002


                              OTHER NOTIFICATIONS

Following the notification dated April 4th 2002 concerning the sale of its
21.97% stake in the share capital of AGUAS DE VALENCIA, S.A. for an amount of
Euro 32.5 million, BANCO SANTANDER CENTRAL HISPANO, S.A. hereby notifies that as
a result of the exercise of the first refusal right established in the
prevailing Shareholder Agreement of the company AGUAS DE VALENCIA, S.A., the
aforementioned stake has been transferred today to the following institutions:
 
  
-  Banco de Valencia, S.A.:                                        10,6127%

-  Sociedad de Fomento Agricola Castellonense, S.A. (FACSA):        6,4169%

-  Luis Batalla, S.A.;                                              4,9418%

 
                                                      Madrid, May 31st 2002.



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