Public Offering

Banco Santander Central Hispano SA
11 July 2000


       ADDITIONAL INFORMATION TO THE SUMMARY PROSPECTUS FOR THE
                  PUBLIC OFFERING OF SUBSCRIPTION FOR
              BANCO SANTANDER CENTRAL HISPANO, S.A. STOCK

In accordance with the provisions of paragraph 11.10.3, Chapter II, of the
Summary Prospectus ('Summary Prospectus') for the Public Offering of Banco
Santander Central Hispano, S.A. stock (the 'Offering'), which was verified and
registered in the official records of the Spanish National Securities Market
Commission on June 20, 2000, and in order to supplement the information included
in said Summary Prospectus, Banco Santander Central Hispano, S.A. hereby
announces the following:

1.  Registration of the capital increase with the Commercial Registry

    The capital stock increase adopted under item 1 of the Agenda by the
    Extraordinary General Shareholder's Meeting of Banco Santander Central
    Hispano, S.A. held on June 1, 2000 was registered today with the
    Commercial Registry of Cantabria (Spain).

2.  Delivery of the public deed of capital increase to the Settlement
    and Clearing Service, to the Spanish National Securities Commission
    and to the Madrid Stock Exchange

    Today, Banco Santander Central Hispano, S.A. has delivered notarial
    copies of the public deed of capital increase registered with the 
    Commercial Registry of Cantabria to the Settlement and Clearing Service
    ('Servicio de Compensacion y Liquidacion de Valores'), which is the entity  
   responsible for the book-entry system of the new shares, to the Spanish
    National Securities Market Commission and to the Madrid Stock Exchange,
    in order to obtain the admission to trading of these new shares in the 
    Spanish Stock Exchanges (Madrid, Barcelona, Bilbao and Valencia), through
    the Spanish Automated Quotation System ('Mercado Continuo').

Madrid, July 11, 2000

BANCO SANTANDER CENTRAL HISPANO, S.A.