Senior Appointments

Banco Santander Central Hispano SA
26 February 2002

                    SANTANDER CENTRAL HISPANO APPROVES SENIOR
                        MANAGEMENT APPOINTMENTS

Madrid, February 25, 2002 - Santander Central Hispano announced that its
Executive Committee approved the following appointments:

1. Alfredo Saenz as Chairman of Banco BSN Banif and Vice Chairman of Santander
   Central Hispano Investment

2. Jose Antonio Arostegui as General Manager of the Costs and Resources
   Division, and member of the Management Committee, replacing Baldomero 
   Falcones who has requested early retirement.




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