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               19 August 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     216,305,738     3.46%      3,313,402     0.05%
securities
(2) Derivatives   46,177,881     0.74%     77,404,888     1.24%
(other than
options)
(3) Options and   29,129,585     0.47%     26,038,028     0.42%
agreements to
purchase/sell
Total            291,613,204     4.66%    106,756,318     1.71%


(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      250                  11.7400 EUR
Purchase      300,000              11.5517 EUR
Purchase      248,419              11.6551 EUR
Purchase      50                   11.5500 EUR
Purchase      50                   11.5300 EUR
Purchase      1,259                11.6600 EUR
Purchase      51                   11.7400 EUR
Purchase      108                  11.5417 EUR
Purchase      350                  11.6800 EUR
Purchase      368                  11.6400 EUR
Purchase      700                  11.5526 EUR
Purchase      2,560                11.6500 EUR
Purchase      51                   11.7400 EUR
Purchase      52,852               11.5500 EUR
Purchase      24,952               11.5500 EUR
Purchase      28,516               11.5500 EUR
Purchase      350                  11.6600 EUR
Purchase      745                  11.5500 EUR
Purchase      2,185                11.9200 EUR
Purchase      400                  11.7400 EUR
Purchase      15,604               11.6800 EUR
Purchase      7,873                11.5500 EUR
Purchase      75                   11.6400 EUR
Sale          117                  11.6500 EUR
Sale          29,049               11.5982 EUR
Sale          1,692                11.5476 EUR
Sale          4,062                11.5400 EUR
Sale          1,886                Transfer
Sale          5,325                11.5500 EUR
Sale          6,000                11.6098 EUR
Sale          3,481                11.6483 EUR
Sale          40,500               11.5413 EUR
Sale          2,185                11.9200 EUR
Sale          500                  8.5000
Sale          100,800              11.5500 EUR
Sale          107,615              11.5500 EUR
Sale          700                  11.5474 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          4062          11.54
CFD            Long          40500         11.5413
CFD            Long          700           11.5474
CFD            Long          1692          11.5475
CFD            Long          14777         11.5524
CFD            Long          29049         11.5982
CFD            Short         700           11.5526

(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                         20 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   -500,000               12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             14.0000          EURO           19/12/2008
Option            Purchased   -1,000,000             14.0000          AMER           19/12/2008
Option            Purchased   -1,000,000             15.0000          EURO           19/06/2009
Option            Purchased   -1,000,000             15.0000          EURO           17/12/2010
Option            Purchased   -55,000                12.0000          EURO           19/12/2008
Option            Purchased   -750,000               14.0000          AMER           18/12/2009
Option            Purchased   -2,000,000             21.0000          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   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -500,000               14.0000          EURO           18/12/2009
Option            Purchased   -410,000               14.0000          AMER           18/12/2009
Option            Purchased   5,000                  14.0000          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                 14.0000          EURO           19/09/2008
Option            Purchased   -5,000                 15.0000          EURO           19/09/2008
Option            Purchased   -5,000                 9.5000           EURO           19/12/2008
Option            Purchased   -2,500                 12.0000          EURO           19/12/2008
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   1,000                  11.0000          EURO           19/09/2008
Option            Purchased   -1,000,000             12.0000          AMER           19/12/2008
Option            Purchased   10,000                 12.0000          EURO           19/12/2008
Option            Purchased   10,000                 12.0000          EURO           19/12/2008
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   -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           18/12/2009
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   500,000                10.0000          AMER           19/12/2008
Option            Purchased   500,000                10.5000          AMER           19/12/2008
Option            Purchased   500,000                10.5000          AMER           19/06/2009
Option            Purchased   500,000                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   250,000                10.5000          AMER           19/12/2008
Option            Purchased   500,000                16.0000          AMER           18/09/2009
Option            Purchased   215,285                9.2900           EURO           20/04/2009
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   1,000,000              14.0000          EURO           19/12/2008
Option            Purchased   1,000,000              15.0000          EURO           19/06/2009
Option            Purchased   1,000,000              15.0000          EURO           17/12/2010
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   10,000,000             14.5400          EURO           23/02/2010
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   410,000                10.5210          EURO           29/09/2008
Option            Purchased   -135,012               14.0200          EURO           18/12/2009
Option            Purchased   -304,461               9.1900           EURO           19/12/2008
Option            Purchased   -114,995               10.0100          EURO           19/12/2008
Option            Purchased   -114,995               10.0100          EURO           19/12/2008
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   19,900                 13.0400          EURO           03/10/2008
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