Major Interests in Shares

Banco Santander Central Hispano SA
02 February 2007



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company



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



2. Name of shareholder having a major interest



CHASE NOMINEES LTD............................................................



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18



AS IN 2 ABOVE............................................................



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



AS IN 2 ABOVE ............................................................



5. Number of shares / amount of stock acquired



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



6. Percentage of issued class



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



7. Number of shares / amount of stock disposed



68,782,181 SHARES.............................................



8. Percentage of issued class



1.101%.........................................................



9. Class of security



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



10. Date of transaction



ON 30 JANUARY 2007............................................................



11. Date company informed



ON 01 FEBRUARY 2007............................................................



12. Total holding following this notification



562,039,618 SHARES............................................................



13. Total percentage holding of issued class following this notification



9.001%............................................................



14. Any additional information



TO OUR KNOWLEDGE NO PERSON BENEFICIALLY OWNS, DIRECTLY OR INDIRECTLY, 5% OR MORE
OF OUR SHARES..........................................................



15. Name of contact and telephone number for queries



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



16. Name and signature of authorised company official responsible for making
this notification



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



Date of notification



ON 02 FEBRUARY 2007............................................................



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