Dividend Declaration

Banco Santander Central Hispano SA
04 October 2006







                                 MATERIAL FACT



Banco Santander Central Hispano, S.A. hereby advises that as of 1st November
next it will pay a second interim dividend on account of the earnings for the
2006 financial year for a gross amount per share of 0.106904 euros. This
dividend is 15% higher than that paid in November 2005 as a second interim
dividend on account of the earnings for 2005. On the aforementioned date,
Wednesday 1st November, the Bank's share will already trade ex-dividend.



                                   Boadilla del Monte (Madrid), 4th October 2006



                      This information is provided by RNS
            The company news service from the London Stock Exchange