Holding in Company

Banco Santander Central Hispano SA
2 August 2001£

Banco Santander Central Hispano S.A. hereby announces that on August 2nd 2001 it
has acquired, through a wholly-owned affiliate company, shares representing
3.27% of the capital of AUNA OPERADORES DE TELECOMUNICACIONES, S.A., with the
result that its total holding in the latter company is 7.87% as of this date.