Re Agreement

Banco Santander Central Hispano SA
24 August 2001



                            'OTHER NOTIFICATIONS.,

The Board of Santander Chile Holding S.A. has been informed that the related
company Soince S.A. has signed a non-binding agreement with a foreign investor
whereby the latter, pending a review of legal, financial, accounting and
commercial aspects (due diligence) and the approval of the boards of Soince
S.A., BSCH and the corresponding authorities, acquires the shares held by Soince
S.A. in Compania de Seguros de Vida Santander S.A. and in Compania de Reaseguros
de Vida Soince-Re S.A.