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               04 September 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     219,502,142     3.51%      3,739,726     0.06%
securities
(2) Derivatives  46,181,782      0.74%     77,702,658     1.24%
(other than
options)
(3) Options and   29,127,085     0.47%     26,030,699     0.42%
agreements to
purchase/sell
Total            294,811,009     4.71%    107,473,083     1.72%


(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        240,580                11.5994 EUR
Purchase        170                    11.8000 EUR
Purchase        250                    11.7800 EUR
Purchase        4,964                  11.9100 EUR
Purchase        250                    11.8000 EUR
Purchase        100,000                11.4334 EUR
Purchase        39,500                 11.6379 EUR
Purchase        2,948                  11.4324 EUR
Purchase        30                     11.8900 EUR
Purchase        2,800                  11.4326 EUR
Purchase        1,435                  11.4300 EUR
Purchase        1,162                  11.9000 EUR
Purchase        1,250                  11.8400 EUR
Purchase        4,318                  11.9000 EUR
Sale            117                    11.8600 EUR
Sale            509,973                11.8423 EUR
Sale            1,836                  Transfer
Sale            28,134                 11.8357 EUR
Sale            4,964                  11.9100 EUR
Sale            1,846                  11.4300 EUR
Sale            11,834                 11.7940 EUR
Sale            2,800                  11.4649 EUR
Sale            5,301                  11.8298 EUR
Sale            35,009                 11.8298 EUR
Sale            45,556                 11.8298 EUR
Sale            3,359                  11.8200 EUR
Sale            9,000                  11.7542 EUR
Sale            1,634                  11.8298 EUR
Sale            1,425                  11.4210 EUR
Sale            100                    11.8000 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          5171          11.4323
CFD            Long          2800          11.4649
CFD            Long          11834         11.7939
CFD            Long          28134         11.8357
CFD            Long          509973        11.8422
CFD            Short         2948          11.4324
CFD            Short         2800          11.4325
CFD            Short         240580        11.5993
CFD            Short         39500         11.6379
CFD            Short         28344         11.7593

(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                         05 September 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             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           17/12/2010
Option            Purchased   -1,000,000             15.0000          EURO           19/06/2009
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               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               11.9238          EURO           29/09/2008
Option            Purchased   -55,000                12.0000          EURO           19/12/2008
Option            Purchased   -750,000               14.0000          AMER           18/12/2009
Option            Purchased   7,500                  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   -5,000                 12.0000          EURO           19/06/2009
Option            Purchased   -5,000                 15.0000          EURO           19/09/2008
Option            Purchased   -5,000                 9.5000           EURO           19/12/2008
Option            Purchased   -2,500                 14.0000          EURO           19/12/2008
Option            Purchased   -171                   14.0000          EURO           19/09/2008
Option            Purchased   -1,000,000             12.0000          EURO           18/12/2009
Option            Purchased   5,000                  14.0000          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   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   1,000                  11.0000          EURO           19/09/2008
Option            Purchased   500,000                16.0000          AMER           18/12/2009
Option            Purchased   500,000                10.0000          AMER           19/12/2008
Option            Purchased   500,000                10.5000          AMER           19/06/2009
Option            Purchased   500,000                10.5000          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   -304,461               9.1900           EURO           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   -114,995               10.0100          EURO           19/12/2008
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   -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   250,000                10.5000          AMER           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   10,000,000             14.5400          EURO           23/02/2010
Option            Purchased   -135,012               14.0200          EURO           18/12/2009

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