Rule 8 - [Banco Santander]

FORM 8.1/8.3

Use separate form for each class of securities in which dealings have been made.

Date of disclosure 06/10/04

Date of dealing	05/10/04
Dealing in	Banco Santander Central Hispano

Class of securities

ORDINARY

(2)

Amount Bought	Amount Sold	Price per unit
	71,802	8.190 eur

(3)

Resultant total of the same class owned or controlled	(and percentage of class)
64,589,421	1.35%

Party making disclosure

BANK OF IRELAND ASSET MANAGEMENT LTD

(5) If dealing for discretionary client(s), name of fund management organisation

BANK OF IRELAND ASSET MANAGEMENT LTD

Reason for disclosure (Note 2)

(a) associate of

(i) offeror (Note 3)	NO
(ii) offeree company	NO
Specify which category or categories of associate (1-8 overleaf)	Not Applicable
If category (8), explain	Not Applicable

Rule 8.3

disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in

YES

Signed, for and on behalf of the party named in (4) above

______________________

(Also print name of signatory)

Gary Rahill

Telephone and extension number

353-1-6378000..Ext:8115

Note 1. Specify owner, not nominee or vehicle company. If relevant, also identify controller of owner, eg where an

owner normally acts on instruction s of a controller.

Note 2. Disclosure might be made for more than one reason: If so, state all reasons.

Note 3. Specify which offeror if there is more than one.

Note 4. When an arrangement exists with any offeror, with the offeree company or with an associate of any offeror or

of the offeree company in relation to relevant securities, details of such arrangement must be disclosed, as

required by Note 6 on Rule 8.

Note 5. It may be necessary, particularly when disclosing derivative transactions, to append a sheet to this disclosure

form so that all relevant information can be given.

Note 6. In the case of an average price bargain, each underlying trade should be disclosed.

Rule 8 - [Banco Santander]

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