Dividend Declaration

Banco Santander Central Hispano SA
19 June 2006



                                 MATERIAL FACT

Banco Santander Central Hispano, S.A. hereby advises that as of 1st August next
it will pay a 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 August 2005 as a first interim dividend on account of the earnings
for 2005. On the aforementioned date, Tuesday 1st August, the Bank's share will
already trade ex-dividend.

                                     Boadilla del Monte (Madrid), 19th June 2006


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