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               31 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     252,121,867      4.03%     14,808,603     0.24%
securities
(2) Derivatives   69,443,745      1.11%    108,365,670     1.73%
(other than
options)
(3) Options and  27,947,585       0.45%     26,126,028     0.42%
agreements to
purchase/sell
Total           349,513,197       5.59%    149,300,301     2.39%


(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      33,000               12.4819 EUR
Purchase      67,142               12.4800 EUR
Purchase      81,158               12.4800 EUR
Purchase      1,018                12.4800 EUR
Purchase      250                  12.5700 EUR
Purchase      51,333               12.4800 EUR
Purchase      3,400                12.3900 EUR
Purchase      57,536               12.4800 EUR
Purchase      5,639                12.4800 EUR
Purchase      19,129               12.4800 EUR
Purchase      243                  12.3900 EUR
Purchase      10,200               12.4644 EUR
Purchase      6,906                12.4800 EUR
Purchase      530                  Transfer
Purchase      855                  12.3726 EUR
Purchase      5,840                12.3900 EUR
Purchase      13,576               12.4800 EUR
Sale          3,400                12.4181 EUR
Sale          559                  12.4886 EUR
Sale          155,500              12.5642 EUR
Sale          232,499              12.4897 EUR
Sale          100                  12.4000 EUR
Sale          10,970               12.4800 EUR
Sale          510                  Transfer
Sale          500                  12.5500 EUR
Sale          56,516               12.4800 EUR
Sale          4,000                12.4200 EUR
Sale          243                  12.3900 EUR
Sale          3,500                12.4200 EUR
Sale          4,292                12.4400 EUR
Sale          75                   12.4000 EUR
Sale          950                  12.5200 EUR
Sale          5,840                12.3900 EUR
Sale          3,400                12.3900 EUR
Sale          81,158               12.4800 EUR
Sale          17,351               12.4800 EUR
Sale          54,207               12.4800 EUR
Sale          5,952                12.3700 EUR
Sale          3,329                12.4800 EUR
Sale          10,937               12.4800 EUR
Sale          1,361                12.4800 EUR
Sale          8,682                12.3983 EUR
Sale          1,042                12.4104 EUR
Sale          1,042                12.4104 EUR
Sale          15,543               12.4800 EUR
Sale          61,973               12.4800 EUR
Sale          79,829               12.4800 EUR
Sale          855                  12.5323 EUR
Sale          51,333               12.4800 EUR
Sale          232,446              12.4361 EUR
Sale          1,018                12.4800 EUR
Sale          67,142               12.4800 EUR
Sale          4,818                12.4800 EUR
Sale          4,052                12.4800 EUR
Sale          24,148               12.4530 EUR
Sale          160,699              12.4800 EUR
Sale          80,785               12.4800 EUR
Sale          1,200                12.5000 EUR
Sale          56,516               12.4797 EUR
Sale          143,961              12.4800 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          559           12.4885
CFD            Long          232499        12.4897
CFD            Long          855           12.5322
CFD            Short         855           12.3725

(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                         01 August 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   -195,381               9.6300           EURO           19/12/2008
Option            Purchased   -62,159                8.7900           EURO           19/12/2008
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   -250,000               12.5000          AMER           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   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -195,381               9.6300           EURO           19/12/2008
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -192,806               9.9600           EURO           19/12/2008
Option            Purchased   -192,806               9.9600           EURO           19/12/2008
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   -135,012               14.0200          EURO           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   -7,500,000             0.0100           EURO           19/09/2008
Option            Purchased   -250,000               14.5000          AMER           19/12/2008
Option            Purchased   -1,000,000             15.0000          EURO           17/12/2010
Option            Purchased   -2,000,000             21.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             14.0000          AMER           19/12/2008
Option            Purchased   -410,000               11.9238          EURO           29/09/2008
Option            Purchased   -1,000,000             15.0000          EURO           19/06/2009
Option            Purchased   -62,159                8.7900           EURO           19/12/2008
Option            Purchased   -750,000               14.0000          AMER           18/12/2009
Option            Purchased   -750,000               14.0000          AMER           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               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   -1,000,000             14.0000          EURO           19/12/2008
Option            Purchased   -5,000                 15.0000          EURO           19/09/2008
Option            Purchased   -88,000                14.4770          EURO           07/08/2008
Option            Purchased   7,500,000              0.0100           EURO           19/09/2008
Option            Purchased   10,000,000             14.5400          EURO           23/02/2010
Option            Purchased   -55,000                12.0000          EURO           19/12/2008
Option            Purchased   -20,000                12.0000          EURO           18/12/2009
Option            Purchased   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   1,000,000              15.0000          EURO           19/06/2009
Option            Purchased   -5,000                 14.0000          EURO           19/09/2008
Option            Purchased   1,000,000              14.0000          EURO           19/12/2008
Option            Purchased   -5,000                 9.5000           EURO           19/12/2008
Option            Purchased   -2,500                 12.0000          EURO           19/12/2008
Option            Purchased   -2,500                 14.0000          EURO           19/12/2008
Option            Purchased   1,000                  11.0000          EURO           19/09/2008
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   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   -13,400                12.7500          EURO           12/09/2008
Option            Purchased   13,400                 11.2500          EURO           12/09/2008
Option            Purchased   19,900                 13.0400          EURO           03/10/2008
Option            Purchased   88,000                 12.7000          EURO           07/08/2008
Option            Purchased   215,285                9.2900           EURO           20/04/2009
Option            Purchased   410,000                10.5210          EURO           29/09/2008
Option            Purchased   1,000,000              15.0000          EURO           17/12/2010
Option            Purchased   500,000                10.5000          AMER           19/06/2009
Option            Purchased   120,000                10.5000          EURO           19/06/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   500,000                14.0000          EURO           18/12/2009
Option            Purchased   500,000                16.0000          AMER           18/09/2009
Option            Purchased   500,000                16.0000          AMER           18/12/2009
Option            Purchased   1,000,000              11.0000          AMER           19/09/2008
Option            Purchased   1,000,000              12.0000          EURO           18/12/2009
Option            Purchased   1,000,000              12.0000          EURO           18/12/2009
Option            Purchased   500,000                10.0000          AMER           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