Director/PDMR Shareholding

Banco Santander Central Hispano SA
29 June 2006


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)    An issuer making a notification in respect of a transaction relating
       to the shares or debentures of the issuer should complete boxes 1 to
       16, 23 and 24.

(2)    An issuer making a notification in respect of a derivative relating
       the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14,
       16, 23 and 24.

(3)    An issuer making a notification in respect of options granted to a
       director/person discharging managerial responsibilities should
       complete boxes 1 to 3 and 17 to 24.

(4)    An issuer making a notification in respect of a financial instrument
       relating to the shares of the issuer (other than a debenture) should
       complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


Please complete all relevant boxes should in block capital letters.


1. Name of the issuer


BANCO SANTANDER CENTRAL HISPANO, S.A.....................................


2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
     extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


(i)....................................


3. Name of person discharging managerial responsibilities/director


MR. MARCIAL PORTELA ALVAREZ, SENIOR EXECUTIVE OF THE ISSUER.....................


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person


THIS NOTIFICATION RELATES TO A CONNECTED PERSON NAMED BEST GLOBAL, S.A..........


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest


AS IN 4 ABOVE....................................


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares


ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE EACH.................................


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them


BEST GLOBAL, S.A..................................


8 State the nature of the transaction


DISPOSAL....................................


9. Number of shares, debentures or financial instruments relating to shares
acquired


....................................


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)


....................................


11. Number of shares, debentures or financial instruments relating to shares
disposed


197,826 SHARES ....................................



12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)


0.003%.................................


13. Price per share or value of transaction


DISPOSAL OF 60,000 SHARES AT 10.64 EUROS PER SHARE........................

DISPOSAL OF 137,826 SHARES AT 10.62 EUROS PER SHARE........................


14. Date and place of transaction


BOTH TRANSACTIONS ON 19 JUNE 2006, MADRID (SPAIN)...............................


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)


NOT DISCLOSED IN SPAIN SINCE NOT REQUIRED UNDER SPANISH REGULATIONS.


16. Date issuer informed of transaction


ON 27 JUNE 2006....................................


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17 Date of grant


....................................


18. Period during which or date on which it can be exercised


....................................

19. Total amount paid (if any) for grant of the option

....................................


20. Description of shares or debentures involved (class and number)

....................................


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

....................................


22. Total number of shares or debentures over which options held following
notification

....................................


23. Any additional information


NONE....................................


24. Name of contact and telephone number for queries


ULISSES DE MELO; +(34) 91 289 3477....................................


Name and signature of duly authorised officer of issuer responsible for making
notification


JOSE MANUEL DE ARALUCE....................................


Date of notification


29 JUNE 2006....................................

END


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