Share dealings

Banco Santander Central Hispano SA
01 November 2004

Banco Santander Central Hispano, S.A.


1 November 2004

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITED
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FOR IMMEDIATE RELEASE

   Banco Santander Central Hispano, S.A. ('Banco Santander') - Share Dealings

The following is a text of an announcement made by Banco Santander in Spain on
October 29, 2004:

'In connection with the buy back programme announced on July 26, 2004, and
pursuant to article 4.4. of Regulation (CE) No 2273/2003 of the European
Commission, Banco Santander Central Hispano, S.A. announces that its subsidiary
Pereda Gestion, S.A. conducted the following trades in shares of Banco Santander
Central Hispano, S.A. on October 28, 2004:


        Date               Security            Buy / Sell               No of shares         Price (euro)
   Oct. 28, 2004            SAN.MC                 S                          80,000               8.6200
   Oct. 28, 2004            SAN.MC                 S                          75,000               8.6300
   Oct. 28, 2004            SAN.MC                 S                          50,000               8.6400
   Oct. 28, 2004            SAN.MC                 S                          63,092               8.6500
   Oct. 28, 2004            SAN.MC                 S                          55,000               8.6600
   Oct. 28, 2004            SAN.MC                 S                         145,000               8.6700
   Oct. 28, 2004            SAN.MC                 S                          60,000               8.6800
   Oct. 28, 2004            SAN.MC                 S                         160,000               8.6900
   Oct. 28, 2004            SAN.MC                 S                         134,308               8.7000
   Oct. 28, 2004            SAN.MC                 S                         107,212               8.7100
   Oct. 28, 2004            SAN.MC                 S                          90,000               8.7200
   Oct. 28, 2004            SAN.MC                 S                         105,000               8.7300
   Oct. 28, 2004            SAN.MC                 S                         145,000               8.7400
   Oct. 28, 2004            SAN.MC                 S                          55,000               8.7500
   Oct. 28, 2004            SAN.MC                 S                          13,480               8.7600



Madrid, October 29, 2004'

Stabilization IPMA/FSA






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