Issue of Valores Santander

Banco Santander S.A.
03 October 2007


                                 MATERIAL FACT

Banco Santander (the 'Bank') has successfully concluded the placement of the
issuance of Santander Securities amounting to Euro 7,000 million, which has been
distributed among approximately 129,000 investors with an average investment
amount of Euro 54,000. Following the acquisition of ABN Amro by the consortium
formed by The Royal Bank of Scotland, Fortis and Banco Santander, the Securities
issued for the financing will be necessarily convertible into shares of the
Bank.

                                    Boadilla del Monte (Madrid), October 3, 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange