Rule 8.3- IBERDROLA
Banco Santander Central Hispano SA
06 March 2007
FORM 8.3
DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the City Code on Takeovers and Mergers)
1. KEY INFORMATION
Name of person dealing (Note 1) BANCO SANTANDER CENTRAL HISPANO,S.A.
Company dealt in IBERDROLA
Class of relevant security to which the ORD
dealings being disclosed relate (Note 2)
Date of dealing 05/03/2007
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
(1) Relevant securities 12,127,142 long 1.345%
(2) Derivatives (other FUTURES
than options) short 31-Mar-07 525,500 0.058%
short 30-Jun-07 132,100 0.015%
long 30-Jun-07 30,000 0.003%
(3) Options and agreements
to purchase/sell
Total
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
Class of relevant
security:
(1) Relevant
securities
(2) Derivatives WARRANTS
(other than options) maturity strike Number %
CALL long 31-Mar-07 34 1,498,890 0.166%
CALL long 31-Mar-07 37 1,500,000 0.167%
CALL long 31-Dec-07 40 1,499,460 0.167%
PUT short 31-Mar-07 24 1,500,000 0.166%
FUTURES
18-May-07 2,000,000 0.222%
19-Nov-08 166,317 0.018%
(3) Options and ORGANIZED MARKETS
agreements to
purchase/sell call/putt maturity strike long/short number %
CALL 31-Mar-07 30 short -235,000 0.026%
Total 30 -235,000 0.026%
32 short -5,000 0.001%
Total 32 -5,000 0.001%
33 long 100 0.000%
short -305,000 0.034%
Total 33 -304,900 0.034%
34 long 210,000 0.023%
Total 34 210,000 0.023%
35 short -10,000 0.001%
Total 35 -10,000 0.001%
36 long 20,000 0.002%
short -300 0.000%
Total 36 19,700 0.002%
30-Jun-07 35 short -10,000 0.001%
Total 35 -10,000 0.001%
36 short -5,000 0.001%
Total 36 -5,000 0.001%
37 short -130,000 0.014%
Total 37 -130,000 0.014%
38 short -2,110,000 0.234%
Total 38 -2,110,000 0.234%
30-Sep-07 31 short -30,000 0.003%
Total 31 -30,000 0.003%
31-Dec-07 33 short -500,000 0.055%
Total 33 -500,000 0.055%
35 long 9,000 0.001%
Total 35 9,000 0.001%
38 long 4,000 0.000%
Total 38 4,000 0.000%
30-Jun-08 21 long 200,000 0.022%
Total 21 200,000 0.022%
31-Dec-08 22 long 250,000 0.028%
short -250,000 0.028%
Total 22 0 0.000%
PUT 31-Mar-07 32 long 249,000 0.028%
short -50,000 0.006%
Total 32 199,000 0.022%
33 long 400,000 0.044%
Total 33 400,000 0.044%
34 long 30,000 0.003%
Total 34 30,000 0.003%
30-Jun-07 22 short -200,000 0.022%
Total 22 -200,000 0.022%
33 long 150,000 0.017%
Total 33 150,000 0.017%
31-Dec-07 31 long 9,000 0.001%
Total 31 9,000 0.001%
32 short -500,000 0.055%
Total 32 -500,000 0.055%
33 short -950,000 0.105%
Total 33 -950,000 0.105%
31-Dec-08 22 long 250,000 0.028%
short -250,000 0.028%
Total 22 0 0.000%
OTC
call/put maturity strike long/short number %
CALL 16-Mar-07 33.5 long 500,000 0.055%
Total 500,000 0.055%
33.5
34 short -300,000 0.033%
Total 34 -300,000 0.033%
21-Dec-07 23 short -300,000 0.033%
Total 23 -300,000 0.033%
17-Jan-08 32.57 short -11,456 0.001%
Total -11,456 0.001%
32.57
29-Apr-08 20.17 long 87,613 0.010%
Total 87,613 0.010%
20.17
20-Aug-08 34.82 short -22,975 0.003%
Total -22,975 0.003%
34.82
38.6502 long 22,975 0.003%
Total 38.6502 22,975 0.003%
26-Feb-09 34.96 short -8,563 0.001%
Total -8,563 0.001%
34.96
01-Apr-09 27.41 short -820,868 0.091%
Total -820,868 0.091%
27.41
PUT 16-Mar-07 34 long 300,000 0.033%
Total 34 300,000 0.033%
20-Mar-07 33.48 short -8,961 0.001%
Total -8,961 0.001%
33.48
23-Mar-07 32.04 long 200,000 0.022%
Total 200,000 0.022%
32.04
11-Sep-07 27.5975 short -19,929 0.002%
Total 27.5975 -19,929 0.002%
20-Jun-08 22 long 250,000 0.028%
Total 22 250,000 0.028%
12-Jun-09 24.98 long 59,648 0.007%
Total 59,648 0.007%
24.98
25-Jun-09 18.242 short -160,810 0.018%
Total -160,810 0.018%
18.242
(4) CFD 24,220,827 2.687% Santander pays to counterparty the
increase in price of the shares of
Iberdrola above a reference level and
receives the decrease in price with
respect to such reference price.
(c) Rights to subscribe (Note 3)
Class of relevant security: Details
3. DEALINGS (Note 4)
(a) Purchases and sales
Purchase/sale Number of securities Price per unit (Note 5)
Purchase 10,000 32.17
Purchase 328 32.33
Purchase 4,672 32.28
Purchase 14,856 32.22
Purchase 20,000 32.25
Purchase 30,000 32.15
Purchase 15,000 32.05
Purchase 5,000 32.02
Purchase 10,000 32.11
Purchase 126 32.08
Purchase 11,874 32.09
Purchase 10,000 32.13
Purchase 6,800 32.06
Purchase 15,000 32.41
Purchase 7,500 32.39
Purchase 9,000 32.28
Disposal 5,000 32.29
Disposal 5,000 32.40
Disposal 10,000 32.37
Disposal 49,519 32.25
Disposal 8,000 32.32
Disposal 5,000 32.35
Disposal 5,000 32.36
Disposal 2,000 32.40
Disposal 3,000 32.44
Disposal 5,000 32.25
Disposal 2,153 32.37
Disposal 19,000 32.33
Disposal 13,000 32.35
Disposal 5,000 32.40
Disposal 7,800 32.45
Disposal 3,700 32.50
Disposal 18,000 32.48
Disposal 40,000 32.28
(b) Derivatives transactions (other than options)
number price
Future Purchase 3,000 long 32.20
Future Purchase 2,500 long 32.14
Future Purchase 500 long 32.14
Future Disposal -1,000 short 32.14
Future Purchase 500 long 32.51
Future Purchase 2,000 long 32.30
Future Purchase 200 long 32.37
Future Purchase 200 long 32.12
Future Disposal -200 short 32.40
Future Disposal -3,000 short 32.76
Future Purchase 100 long 32.67
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Product name,e.g. Writing, Number of Exercise Type, e.g. Expiry Option moneypaid
call option selling, securities to which price American, date /received per
purchasing, the option relates European etc. unit (Note 5)
varying etc. (Note 7)
(ii) Exercising
Product name, e.g. call option Number of securities Exercise price per unit (Note 5)
(d) Other dealings (including new securities) (Note 4)
Nature of transaction (Note 8) Details Price per unit (if applicable) (Note
5)
4. OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.
NONE...........................................................................
...
Is a Supplemental Form 8 attached? (Note 9)
NO
Date of disclosure 05/03/2007
Contact name JOSE MANUEL ARALUCE
Telephone number (34) 91-289 3392
If a connected EFM, name of offeree/offeror with which
connected
If a connected EFM, state nature of connection (Note 10)
Notes
The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
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