no capital increase

Banco Santander S.A.
08 November 2007










                           MATERIAL FACT ANNOUNCEMENT



As a consequence of the sale of Banca Antonveneta announced as a material fact
today, Banco Santander will not carry out the share capital increase which, up
to an amount of €4,000 million, was contemplated in order to finance the
acquisition of the businesses of ABN Amro allocated to Banco Santander.



                                   Boadilla del Monte (Madrid), November 8, 2007



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