Rule 8.3 - BANCO SANTANDER SA

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              BANCO SANTANDER SA
Class of relevant security    EUR0.50(REGD)
to which the dealings being
disclosed relate (Note 2)
Date of dealing               21 July 2008

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant     373,801,477     5.98%     4,445,490       0.07%
securities
(2) Derivatives   47,943,149     0.77%    79,626,333       1.27%
(other than
options)
(3) Options and   26,447,585     0.42%    25,626,028       0.41%
agreements to
purchase/sell
Total            449,192,211     7.18%   110,697,851       1.77%

(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
Purchase      171,645              11.5852 EUR
Purchase      14,087               11.5917 EUR
Purchase      34,977               11.4600 EUR
Purchase      2,540                11.8100 EUR
Purchase      712                  11.7000 EUR
Purchase      200                  11.6800 EUR
Purchase      14,508               11.3300 EUR
Purchase      2,641                11.7000 EUR
Purchase      1,050                11.7300 EUR
Purchase      82                   Transfer
Purchase      500                  11.8200 EUR
Purchase      515                  11.7025 EUR
Purchase      16,500,000           11.3900 EUR
Purchase      36,015               11.7000 EUR
Purchase      300,132              11.7000 EUR
Purchase      23,944               11.7500 EUR
Purchase      2,409                11.7000 EUR
Purchase      7,384                11.7000 EUR
Purchase      1,846                11.7000 EUR
Purchase      5,874                11.7000 EUR
Purchase      6,909                11.7000 EUR
Sale          14,365               11.7000 EUR
Sale          2,600                Transfer
Sale          1,929                11.6982 EUR
Sale          10,802               11.7000 EUR
Sale          2,641                11.7000 EUR
Sale          1,756                11.7000 EUR
Sale          1,875                11.5500 EUR
Sale          30,801               11.7500 EUR
Sale          712                  11.7000 EUR
Sale          1,352,836            11.7500 EUR
Sale          31,860               11.7000 EUR
Sale          3,011                11.7000 EUR
Sale          852                  11.7000 EUR
Sale          327                  11.3000 EUR
Sale          8,511                11.7000 EUR
Sale          44,630               11.7000 EUR
Sale          3,339                11.3900 EUR
Sale          39,319               11.7000 EUR
Sale          20,614               11.7000 EUR
Sale          24,332               11.7000 EUR

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         171645        11.5852
CFD            Short         14087         11.5916
CFD            Short         515           11.7024
CFD            Short         7520          11.7427

(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry      Option money
e.g. call       selling,          securities to      price     American,       date        paid/received
option          purchasing,       which the option             European etc.               per unit (GBP)
                varying etc.      relates (GBP)



(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 YES


Date of disclosure                         22 July 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)

SUPPLEMENTAL FORM 8

DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)


OPEN POSITIONS (Note 1)
Product name,     Written or  Number of securities   Exercise price   Type, e.g.     Expiry date
e.g. call option  purchased   to which the option    (Note 2)         American,
                              or derivative relates                   European etc.
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -1,000,000             14.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             14.0000          EURO           19/12/2008
Option            Purchased   -1,000,000             15.0000          EURO           17/12/2010
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   -750,000               14.0000          AMER           18/12/2009
Option            Purchased   -750,000               14.0000          AMER           18/12/2009
Option            Purchased   -55,000                12.0000          EURO           19/12/2008
Option            Purchased   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -410,000               11.9238          EURO           29/09/2008
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   1,000                  11.0000          EURO           19/09/2008
Option            Purchased   -20,000                12.0000          EURO           18/12/2009
Option            Purchased   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   -5,000                 15.0000          EURO           19/09/2008
Option            Purchased   -5,000                 14.0000          EURO           19/09/2008
Option            Purchased   -5,000                 9.5000           EURO           19/12/2008
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   -2,500                 12.0000          EURO           19/12/2008
Option            Purchased   -1,000,000             15.0000          EURO           19/06/2009
Option            Purchased   5,000                  14.0000          EURO           19/09/2008
Option            Purchased   20,000                 12.0000          EURO           18/12/2009
Option            Purchased   55,000                 12.0000          EURO           19/12/2008
Option            Purchased   120,000                10.5000          EURO           19/06/2009
Option            Purchased   -7,500,000             0.0100           EURO           19/09/2008
Option            Purchased   -2,000,000             21.0000          AMER           19/12/2008
Option            Purchased   -250,000               12.5000          AMER           18/12/2009
Option            Purchased   -2,500                 14.0000          EURO           19/12/2008
Option            Purchased   500,000                16.0000          AMER           18/09/2009
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   410,000                10.5210          EURO           29/09/2008
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   500,000                16.0000          AMER           18/12/2009
Option            Purchased   500,000                10.0000          AMER           19/12/2008
Option            Purchased   88,000                 12.7000          EURO           07/08/2008
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   19,900                 13.0400          EURO           03/10/2008
Option            Purchased   1,000,000              15.0000          EURO           19/06/2009
Option            Purchased   1,000,000              14.0000          EURO           19/12/2008
Option            Purchased   1,000,000              15.0000          EURO           17/12/2010
Option            Purchased   1,000,000              12.0000          EURO           18/12/2009
Option            Purchased   7,500,000              0.0100           EURO           19/09/2008
Option            Purchased   -1,500,000             13.3500          EURO           23/07/2008
Option            Purchased   1,500,000              13.3500          EURO           23/07/2008
Option            Purchased   500,000                10.5000          AMER           19/06/2009
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   10,000,000             14.5400          EURO           23/02/2010
Option            Purchased   -250,000               14.5000          AMER           19/12/2008
Option            Purchased   -250,000               14.5000          AMER           19/12/2008
Option            Purchased   -195,381               9.6300           EURO           19/12/2008
Option            Purchased   -195,381               9.6300           EURO           19/12/2008
Option            Purchased   -192,806               9.9600           EURO           19/12/2008
Option            Purchased   215,285                9.2900           EURO           20/04/2009
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   -250,000               12.5000          AMER           18/12/2009
Option            Purchased   -114,995               10.0100          EURO           19/12/2008
Option            Purchased   -114,995               10.0100          EURO           19/12/2008
Option            Purchased   -88,000                14.4770          EURO           07/08/2008
Option            Purchased   -62,159                8.7900           EURO           19/12/2008
Option            Purchased   -62,159                8.7900           EURO           19/12/2008
Option            Purchased   -13,400                12.7500          EURO           12/09/2008
Option            Purchased   13,400                 11.2500          EURO           12/09/2008
Option            Purchased   -192,806               9.9600           EURO           19/12/2008

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.
Full details of any  existing agreements to purchase or to sell  should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover
Panel's website at www.thetakeoverpanel.org.uk