Issue of Equity

Banco Santander Central Hispano SA
11 July 2000

          ADDITIONAL INFORMATION TO THE SUMMARY PROSPECTUS FOR THE 
                    PUBLIC OFFERING OF SUBSCRIPTION FOR
                 BANCO SANTANDER CENTRAL HISPANO, S.A. STOCK

In accordance with the provisions of paragraph II.10.3, Chapter II, of the
Summary Prospectus ('Summary Prospectus') for the Public Offering of Banco
Santander Central Hispano S.A. stock (the 'Offering'), which was verified and
registered in the official records of the Spanish National Securities Market
Commission on June 20, 2000, and in order to supplement the information included
in said Summary Prospectus, Banco Santander Central Hispano, S.A. hereby
announces the following:

1. Final assignment of shares to the various Tranches of the Offering

   The number of shares definitively assigned to each of the Tranches of the
   Offering is as follows:

   (i)   Retail Tranche: 240,000,000 shares, i.e.: 80% of the Offering, not
         including the 'green shoe' option.

   (ii)  Spanish Institutional Tranche: 14,400,000 shares, i.e.: 4.8% of the
         Offering, not including the 'green shoe' option.

   (iii) International Tranche: 45,600,000 shares, i.e. 15.2% of the Offering,
         not including the 'green shoe' option.

2. Final amount of the capital increase

   In view of the number of shares which have been definitively allocated to
   the different Tranches of the Offering (in exercise of the reallocation
   faculties described in the Summary Prospectus) and taking into account the
   prices fixed for the Retail Tranche and both the Spanish Institutional and
   the International Tranches, already announced to the Spanish National
   Securities Market Commission, the capital increase of Banco Santander 
   Central Hispano, S.A. amounts finally to euros 3,315,000,000 (pesetas
   551,569,590,000), distributed as follows: euros 150,000,000 (pesetas
   24,957,900,000) correspond to the nominal value of the new shares, and 
   euros 3,165,000,000 (pesetas 526,611,690,000) correspond to the total paid
   in surplus.

   The aforesaid total is distributed between the different Tranches of the
   Offering as follows:-

   (a) Retail Tranche: 240,000,000 shares of nominal value of euros 0.5 each
       have been definitively allocated to this Tranche.  The total nominal
       value of these shares amounts to euros 120,000,000 (pesetas              
      19,966,320,000) and its total paid-in surplus amounts to euros
       2,520,000,000 (pesetas 419,292,720,000 which makes a total amount of
       euros 2,640,000,000 (pesetas 439,259,040,000) for the capital increase
       in this Tranche.

   (b) Spanish Institutional Tranche: 14,400,000 shares of nominal value of
       euros 0.5 each have been definitively allocated to this Tranche.  The
       total nominal value of these shares amounts to euros 7,200,000 (pesetas
       1,197,979,200), and its total paid-in surplus amounts to euros
       154,800,000 (pesetas 25,756,552,800), which makes a total amount of 
       euros 162,000,000 (pesetas 26,954,532,000) for the capital increase in
       this Tranche.

   (c) International Tranche: 45,600,000 shares of nominal value of euros 0.5
       each have been definitively allocated to this Tranche.  The total 
       nominal value of these shares amounts to euros 22,800,000 (pesetas
       3,793,600,800), and its total paid-in surplus amounts to euros 
       490,200,000 (pesetas 81,562,417,200), which makes a total amount of
       euros 513,000,000 (pesetas 85,356,018,000) for the capital increase in
       this Tranche.

3. Execution of the public deed of the capital increase

   The public deed for the capital increase which is the object of the 
   Offering has been executed today.

Madrid, July 11, 2000
Banco Santander Central Hispano S.A.

By: Ignacio Benjumca Cabeza de Vaca