Dividend Declaration

Banco Santander Central Hispano SA
25 June 2007


                                 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 2007 financial year
for a gross amount per share of 0.12294 euros. This dividend is 15% higher than
that paid in August 2006 as a first interim dividend on account of the earnings
for 2006. On the aforementioned date, Wednesday 1st August, the Bank's share
will already trade ex-dividend.

                                     Boadilla del Monte (Madrid), 25th June 2007


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