Major Interests in Shares

Banco Santander Central Hispano SA
22 November 2006


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company


BANCO SANTANDER CENTRAL HISPANO, S.A........................................


2. Name of shareholder having a major interest


CHASE NOMINEES LTD............................................................


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


AS IN 2 ABOVE............................................................


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


AS IN 2 ABOVE ............................................................


5. Number of shares / amount of stock acquired


............................................................


6. Percentage of issued class


............................................................


7. Number of shares / amount of stock disposed


17,741,090 SHARES ............................................................


8. Percentage of issued class


0.284%............................................................


9. Class of security


ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE EACH...........................


10. Date of transaction


ON 16 NOVEMBER 2006............................................................





11. Date company informed


ON 22 NOVEMBER 2006............................................................


12. Total holding following this notification


622,005,536 SHARES............................................................


13. Total percentage holding of issued class following this notification


9.949%............................................................


14. Any additional information


TO OUR KNOWLEDGE NO PERSON BENEFICIALLY OWNS, DIRECTLY OR INDIRECTLY, 5% OR MORE
OF OUR SHARES.............................................................


15. Name of contact and telephone number for queries


ULISSES DE MELO; + (34) 91 289 3477........................................


16. Name and signature of authorised company official responsible for making
this notification


JOSE MANUEL DE ARALUCE...................................................


Date of notification


ON 22 NOVEMBER 2006........................................................


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for loss of business or loss of profits) arising in contract, tort or otherwise
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