Secondary Listing

Banco Santander Central Hispano SA
01 July 2005


BANCO SANTANDER CENTRAL HISPANO, S.A.

LONDON LISTING EFFECTIVE AND FREE SHARE DEALING FACILITY TO END

Banco Santander Central Hispano, S.A. ('Banco Santander') announces that its
ordinary shares were today admitted to listing on the Official List and to
trading on the London Stock Exchange's market for listed securities.  A copy of
the Summary Document produced by Banco Santander in connection with the
secondary listing is available in electronic form on Banco Santander's website
at www.gruposantander.com

As a result of having obtained a secondary listing in London, Banco Santander
also announces that the share dealing facility currently provided free of charge
to certain of its shareholders*, all of whom were registered holders of 2,000 or
fewer ordinary shares in Abbey National plc ('Abbey') on 12 November 2004, (the
'Share Dealing Facility') will end on 22 July 2005.

Persons who are eligible to use the Share Dealing Facility and who wish to sell
their Banco Santander shares through that facility should ensure that their
validly completed dealing facility instruction forms are received by The
Manager, Banco Santander Dealing Facility, Princess House, 1 Suffolk Lane,
London EC4B 0ZZ no later than 3.00 p.m. on 22 July 2005.

Dealing facility instruction forms are contained in Share Dealing Facility packs
which eligible Banco Santander shareholders can request by calling the Santander
Shareholder Department Helpline on 0870 532 9430 (8.30 a.m. to 5.30 p.m. Monday
to Friday, 9.00 a.m. to 1.00 p.m. Saturday, calls charged at national rates).
Persons wishing to request a Share Dealing Facility pack should do so as soon as
possible and in any event by no later than 15 July 2005.

Spanish tax requirements will continue to apply to shareholders on the sale of
their Banco Santander shares after the secondary listing in London.  The
existing arrangements under which certain shareholders can receive assistance
with such requirements will no longer be available to shareholders who sell
their shares after the Share Dealing Facility ends.  However, subject to
compliance with certain formalities, Abbey Sharedealing will offer assistance
with the Spanish tax requirements to eligible shareholders who sell their shares
through Abbey Sharedealing.  Shareholders who are in any doubt as to their tax
situation should contact their own independent financial or tax adviser.

Advertisements confirming that the free Share Dealing Facility will end at 3.00
p.m. on 22 July 2005 will be published in The Times, The Daily Mail and The
Daily Mirror newspapers on 4 July 2005.

Enquiries:

Grupo Santander

Keith Grant (International Media Relations)   London office [phone]

Peter Greiff (International Media Relations)  Madrid office [phone]

Maitland

Martin Leeburn                                London office [phone]

* References in this announcement to Banco Santander shareholders include
persons whose entitlement to ordinary shares in Banco Santander is held in the
form of Banco Santander CDIs (Crest Depository Interests).

The terms and conditions governing the use of the Share Dealing Facility are set
out in the Share Dealing Facility packs.  The price obtained by selling Banco
Santander shares through the Share Dealing Facility is not subject to any
minimum or maximum amount and will be dependent on market demand at the time of
sale.  The actual time and date of sale will be determined in accordance with
the terms and conditions of the Share Dealing Facility.

Banco Santander shareholders are under no obligation to sell, whether through
the Share Dealing Facility or otherwise, the Banco Santander shares to which
they are entitled.

Completed dealing facility instruction forms returned by post are sent at the
risk of the sender.  Neither Banco Santander nor Abbey nor any of its or their
respective affiliates, directors, officers, employees, advisers, agents or
service providers involved in the provision of the Share Dealing Facility shall
have any liability to any person for any delay or for any loss arising from any
delay in receiving, or failure to receive, any dealing facility instruction
forms, nor do any of them make any recommendation as to whether persons entitled
to Banco Santander shares should elect to sell, whether through the Share
Dealing Facility or otherwise, the Banco Santander shares to which they are
entitled, or whether they should choose to retain such shares.

Banco Santander shareholders who are in any doubt as to what action, if any,
they should take should seek their own personal financial advice immediately
from a stockbroker, solicitor, accountant or independent financial adviser who
is authorised pursuant to the Financial Services and Markets Act 2000.

The contents of the Banco Santander website do not form part of this
announcement.  This announcement does not constitute an offer to sell, or the
solicitation of an offer to subscribe for or buy, Banco Santander shares or any
other securities in any jurisdiction.  Persons who are not resident in the
United Kingdom should inform themselves of, and observe, any applicable
securities law or other legal requirements in the relevant jurisdictions in
which they are located and which may affect the matters referred to in this
announcement.

This announcement is issued in the United Kingdom by Banco Santander Central
Hispano, S.A., London Branch, which is authorised by the Bank of Spain and
regulated by the Financial Services Authority for the conduct of investment
business in the United Kingdom.


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            The company news service from the London Stock Exchange