Sale of Auna TLC

Banco Santander Central Hispano SA
01 August 2005


Endesa, Banco Santander Central Hispano, Union Fenosa and Auna have reached an
agreement for the sale by the latter company of the business of Auna TLC to ONO.
Such agreement implies a valuation of Auna TLC of 2,251 million euros (including
debt for a total amount of 237 million euros), subject to the usual adjustments
in this type of transaction, which are mainly the variations in indebtedness and
working capital.

The agreement is subject to the approval by the Board of Directors and the
Shareholders' Meeting of Auna, by the appropriate administrative bodies of the
other parties and by the competition authorities.

This transaction completes the one which was announced last week by the
shareholders of Auna regarding the sale to France Telecom of the mobile
telephone business of Auna (Amena).
                                     Boadilla del Monte (Madrid), August 1, 2005




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