Resolution plc discussions

Banco Santander Central Hispano SA
03 May 2006


                              OTHER NOTIFICATIONS


Statement regarding the possible acquisition of Abbey National plc's life
insurance businesses

Santander notes recent speculation and confirms that Abbey National plc
('Abbey') is in discussions with Resolution plc about the acquisition by
Resolution plc of Abbey's UK and offshore life businesses.

Discussions are at an early stage and may or may not lead to a transaction. A
further statement will be made when appropriate.


                                               Boadilla del Monte, 3rd May 2006.



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