Major Interests in Shares

Banco Santander Central Hispano SA
28 February 2007


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company


BANCO SANTANDER CENTRAL HISPANO, S. A.....................................


2. Name of shareholder having a major interest


STATE STREET BANK AND TRUST CO..........................................


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


AS IN 2 ABOVE............................................................


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


AS IN 2 ABOVE ............................................................


5. Number of shares / amount of stock acquired


5,249,028 SHARES .............................................


6. Percentage of issued class


0.084%..........................................


7. Number of shares / amount of stock disposed


............................................................


8. Percentage of issued class


............................................................


9. Class of security


ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE EACH...................


10. Date of transaction


ON 21 FEBRUARY 2007............................................................


11. Date company informed


ON 28 FEBRUARY 2007............................................................


12. Total holding following this notification


313,194,475 SHARES............................................................


13. Total percentage holding of issued class following this notification


5.012%............................................................


14. Any additional information


TO OUR KNOWLEDGE NO PERSON BENEFICIALLY OWNS, DIRECTLY OR INDIRECTLY, 5% OR MORE
OF OUR SHARES..........................................................


15. Name of contact and telephone number for queries


ULISSES DE MELO; + (34) 91 289 3477..........................................


16. Name and signature of authorised company official responsible for making
this notification


JOSE MANUEL DE ARALUCE...........................................


Date of notification


ON 28 FEBRUARY 2007.............................


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for loss of business or loss of profits) arising in contract, tort or otherwise
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