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               28 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     357,113,010     5.71%    14,795,615       0.24%
securities
(2) Derivatives   69,288,652     1.11%   108,759,290       1.74%
(other than
options)
(3) Options and   26,947,585     0.43%    25,126,028       0.40%
agreements to
purchase/sell
Total            453,349,247     7.25%   148,680,933       2.38%


(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      833                  12.0918 EUR
Purchase      75,829               11.9677 EUR
Purchase      100,000              14.0165 EUR
Purchase      200                  12.0700 EUR
Purchase      200                  12.0700 EUR
Purchase      833                  12.1200 EUR
Purchase      9,900                11.9856 EUR
Purchase      132,306              12.0000 EUR
Purchase      217,530              12.0000 EUR
Purchase      6,800                12.1700 EUR
Purchase      25,816               12.0000 EUR
Purchase      1,500                12.1900 EUR
Purchase      96,529               12.0000 EUR
Purchase      1,212                12.1900 EUR
Purchase      4,779                12.1900 EUR
Purchase      239,689              12.2203 EUR
Purchase      13,812               12.0000 EUR
Purchase      495                  12.0300 EUR
Purchase      48,271               12.0177 EUR
Purchase      70,191               12.0000 EUR
Purchase      6,893                12.1200 EUR
Purchase      34,530               12.0000 EUR
Sale          166                  12.1100 EUR
Sale          23,148               12.1101 EUR
Sale          6,800                11.9982 EUR
Sale          1,500                12.3800 EUR
Sale          11,176               12.0000 EUR
Sale          30,015               12.1200 EUR
Sale          100                  12.1900 EUR
Sale          3,260                11.8500 EUR
Sale          6,893                12.1200 EUR
Sale          16,295               12.0000 EUR
Sale          29,748               11.5800 EUR
Sale          24,930               12.0768 EUR
Sale          56,798               12.1193 EUR
Sale          24,342               12.0000 EUR
Sale          105,645              12.0000 EUR
Sale          4,300                12.1100 EUR
Sale          80,234               12.0000 EUR
Sale          227,860              12.1109 EUR
Sale          323                  12.0400 EUR
Sale          833                  12.1200 EUR
Sale          222,367              11.9568 EUR
Sale          61,268               11.5800 EUR
Sale          150                  12.1700 EUR
Sale          6,800                12.1700 EUR
Sale          49,232               12.1400 EUR

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          23148         12.1101
CFD            Long          227860        12.1109
CFD            Short         75829         11.9676
CFD            Short         9900          11.9855
CFD            Short         100000        14.0164
Swap           Long          10500000      11.92
Swap           Short         10500000      11.92

(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                         29 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               12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             14.0000          EURO           19/12/2008
Option            Purchased   -1,000,000             12.0000          AMER           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   -304,461               9.1900           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               14.0000          EURO           18/12/2009
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   -410,000               11.9238          EURO           29/09/2008
Option            Purchased   -55,000                12.0000          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                 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   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   -1,000,000             14.0000          AMER           19/12/2008
Option            Purchased   -2,500                 14.0000          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                 12.0000          EURO           19/12/2008
Option            Purchased   500,000                10.5000          AMER           19/06/2009
Option            Purchased   215,285                9.2900           EURO           20/04/2009
Option            Purchased   410,000                10.5210          EURO           29/09/2008
Option            Purchased   500,000                10.0000          AMER           19/12/2008
Option            Purchased   500,000                16.0000          AMER           18/09/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   500,000                16.0000          AMER           18/12/2009
Option            Purchased   13,400                 11.2500          EURO           12/09/2008
Option            Purchased   1,000,000              11.0000          AMER           19/09/2008
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   500,000                14.0000          EURO           18/12/2009
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   -250,000               12.5000          AMER           18/12/2009
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   88,000                 12.7000          EURO           07/08/2008
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   19,900                 13.0400          EURO           03/10/2008
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   10,000,000             14.5400          EURO           23/02/2010
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