Rule 8.1- (Banco Santander, S

3rd Sep 2008 11:26

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES											FORM 8.1
FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
(Rules 8.1(a) and (b)(i) of the Takeover Code)
The Panel Executive has consented to Santander borrowing and lending relevant securities in Santander pursuant to Rule 4.6 of the Code
1.- KEY INFORMATION
Name of person dealing (Note1 )					Grupo Santander
Company dealt in					Banco Santander S.A.
Class of relevant security to which the dealings
being disclosed relate (Note 2)					COMMON SHARES
Date of dealing					02/09/2008
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interest and short positions (following dealing) in the class of class of relevant security in (Note 3)
					Long			Short
					Number	(%)		Number			(%)
(1) Relevant securities					24,008,834	0.38					0.00
(2) Derivatives (other than options)					169,267,335	2.71			1,351,543		0.02
(3) Options and agreements to purchase/sell					31,003,656	0.50			42,654,481		0.68
Total(*)					224,279,825	3.59			44,006,024		0.70
(*) Included within the total of 224,279,825 shares in which Santander is interested (as defined in the Code) are 864,000 shares which have been lent by Santander.
Not included in this total are a further 2,864,000 shares which Santander has borrowed.
(b) Interest and short positions in relevant securities of the company, other than the class dealt in
(Note 3)
Class of relevant security					Long			Short
					Number	(%)		Number	(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total
(c) Rights to subscribe (Note 3)
Class of relevant securrity					Details
3. DEALINGS (Note 4)
(a) Purchases and sales
Purchase/sale			Number of securities			Price per unit (Note 5)					Currency
PURCHASE					3,500				11.69		EUR
PURCHASE					3,500				11.69		EUR
SALE					20,000				11.87		EUR
SALE					108				11.65		EUR
SALE					5,000				11.8		EUR
SALE					2,500				11.86		EUR
SALE					15,000				11.91		EUR
PURCHASE					20,000				11.87		EUR
PURCHASE					353				11.81		EUR
PURCHASE					4,647				11.81		EUR
PURCHASE					108				11.71		EUR
PURCHASE					2,500				11.87		EUR
PURCHASE					15,000				11.91		EUR
SALE					3,731				13.4		EUR
SALE					50,000				11.92		EUR
SALE					80,000				11.9		EUR
SALE					165,000				11.91		EUR
SALE					100,000				11.89		EUR
SALE					13,000				11.84		EUR
SALE					50,000				11.85		EUR
SALE					100,000				11.86		EUR
SALE					20,000				11.78		EUR
SALE					30,000				11.81		EUR
SALE					30,000				11.8		EUR
PURCHASE					50,000				11.86		EUR
PURCHASE					30,000				11.88		EUR
PURCHASE					80,000				11.89		EUR
PURCHASE					50,000				11.9		EUR
SALE					427				11.85		EUR
SALE					188				11.85		EUR
SALE					110				11.88		EUR
SALE					7,838				11.92		EUR
SALE					500				11.92		EUR
SALE					2,000				11.92		EUR
SALE					8,801				11.92		EUR
SALE					2,052				11.92		EUR
SALE					6,809				11.92		EUR
SALE					1,356				11.92		EUR
SALE					500				11.92		EUR
SALE					384				11.92		EUR
SALE					1,867				11.92		EUR
SALE					59				11.92		EUR
SALE					4,763				11.89		EUR
SALE					10,237				11.89		EUR
SALE					1,228				11.86		EUR
SALE					50				11.86		EUR
SALE					567				11.86		EUR
SALE					100,000				11.81		EUR
SALE					4,809				11.72		EUR
SALE					1,071				11.72		EUR
PURCHASE					1,606				11.92		EUR
PURCHASE					320				11.92		EUR
PURCHASE					1,377				11.91		EUR
PURCHASE					10,000				11.91		EUR
PURCHASE					1,315				11.91		EUR
PURCHASE					2,308				11.91		EUR
PURCHASE					1,682				11.59		EUR
PURCHASE					4,168				11.59		EUR
(b) Derivatives transactions in respect (other than options)
Product name,	Long/short (Note 6)				Number of securities (Note 7)			Price per unit (Note 5)			Currency
e.g. CFD
WARRANTS	LONG					1,000			1.11		EUR
WARRANTS	SHORT					-125,000			0.15		EUR
WARRANTS	SHORT					-10,000			0.15		EUR
WARRANTS	SHORT					-5,000			0.01		EUR
WARRANTS	SHORT					-15,000			0.35		EUR
WARRANTS	SHORT					15,000			0.33		EUR
WARRANTS	SHORT					-2,500			0.09		EUR
WARRANTS	SHORT					-7,500			0.09		EUR
WARRANTS	LONG					-4,565			0.39		EUR
WARRANTS	LONG					4,565			0.39		EUR
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Product name,	Writing, selling,		Number of securities		Exercise	Type e.g.		Expiry	Option money		Currency
e.g. call option	purchasing,		to which the option		price	American		date	paid/received
	varying etc.		relates (Note 7)			European etc.			per unit (Note 5)
(ii) Exercising
Product name, e.g. call option			Number of securities			Exercise price per unit (Note 5)					Currency
(d) Other dealing (including new securities) (Note 4)
Nature of transaction (Note 8)			Details			Price per unit (if applicable) Note 5)					Currency
			0		SHARES
			0		SHARES
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.
Is a Supplemental Form 8 attached? (Nota 9)								YES
Date of disclosure						03/09/2008
Contact name						JOSE MANUEL ARALUCE
Telephone number						+ (34) 912-893-392
Name of offeree/offeror with which associated						BANCO SANTANDER S.A
Specify category and nature of associate status (Note 10)						OFFEROR
Notes
The Notes on Form 8.1. can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk
							SUPPLEMENTAL FORM 8
DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)
OPEN POSITIONS (Note 1)
Product name,	Written	Number of securities		Exercise price			Type, e.g.			Expiry date
e.g. call option	or purchased	to which the option		(Note 2)			American,
		or derivative relates
CALL	WRITTEN	820,000		20			AMERICAN			15/06/2012
PUT	WRITTEN	308,900		11			AMERICAN			19/12/2008
PUT	WRITTEN	500,000		12			AMERICAN			19/12/2008
PUT	WRITTEN	1,000,000		13			AMERICAN			17/12/2010
PUT	WRITTEN	16,000,000		10			AMERICAN			19/06/2009
PUT	PURCHASED	4,000,000		10.5			AMERICAN			19/06/2009
PUT	PURCHASED	2,000,000		10			AMERICAN			19/12/2008
PUT	PURCHASED	100,000		10.5			AMERICAN			19/09/2008
PUT	PURCHASED	100,000		11			AMERICAN			19/09/2008
PUT	PURCHASED	25,000		13			AMERICAN			19/09/2008
PUT	PURCHASED	25,000		14			AMERICAN			19/09/2008
PUT	PURCHASED	25,000		13.5			AMERICAN			19/09/2008
CALL	WRITTEN	200,000		14			AMERICAN			19/09/2008
CALL	WRITTEN	250,000		12			AMERICAN			19/12/2008
CALL	WRITTEN	250,000		12			AMERICAN			17/12/2008
CALL	WRITTEN	500,000		11			AMERICAN			19/12/2008
CALL	WRITTEN	704,500		18			AMERICAN			19/12/2008
CALL	WRITTEN	1,000,000		13			AMERICAN			17/12/2010
CALL	PURCHASED	54,000		15			AMERICAN			19/12/2008
CALL	PURCHASED	11,900		12.5			AMERICAN			19/12/2008
PUT	PURCHASED	8,261,049		10.29			EUROPEAN			24/04/2009
PUT	PURCHASED	8,261,049		10.29			EUROPEAN			24/04/2009
PUT	PURCHASED	394,518		12.04			EUROPEAN			05/04/2011
PUT	PURCHASED	2,000,000		10.32			EUROPEAN			18/05/2009
PUT	PURCHASED	1,127,013		11.18			EUROPEAN			26/05/2011
CALL	WRITTEN	835,000		14.31			EUROPEAN			16/03/2009
CALL	WRITTEN	842,389		11.87			EUROPEAN			26/04/2011
CALL	PURCHASED	842,389		11.87			EUROPEAN			26/04/2011
PUT	PURCHASED	1,000,000		15			EUROPEAN			18/12/2009
CALL	WRITTEN	1,000,000		15			EUROPEAN			18/12/2009
PUT	PURCHASED	1,000,000		15			EUROPEAN			18/12/2009
CALL	WRITTEN	1,000,000		15			EUROPEAN			18/12/2009
CALL	WRITTEN	435,047		12.77			EUROPEAN			19/12/2008
PUT	PURCHASED	109,329		13.72			EUROPEAN			10/11/2010
CALL	WRITTEN	300,000		19.46			EUROPEAN			17/10/2011
PUT	PURCHASED	79,365		14.49			EUROPEAN			23/11/2010
CALL	WRITTEN	200,000		18.25			EUROPEAN			01/09/2012
CALL	PURCHASED	0		16.05			EUROPEAN			18/01/2010
PUT	WRITTEN	0		11.56			EUROPEAN			18/01/2010
PUT	PURCHASED	0		10.4			EUROPEAN			18/01/2010
CALL	WRITTEN	100,000		15.95			EUROPEAN			23/01/2012
PUT	PURCHASED	104,322		13.42			EUROPEAN			22/04/2009
CALL	PURCHASED	666,667		14.5			EUROPEAN			19/12/2008
CALL	PURCHASED	1,000,000		15			EUROPEAN			19/12/2008
CALL	PURCHASED	100,000		16			EUROPEAN			20/03/2009
PUT	WRITTEN	100,000		10			AMERICAN			19/12/2008
PUT	WRITTEN	25,000		14			AMERICAN			19/12/2008
PUT	WRITTEN	25,000		13.5			AMERICAN			19/12/2008
PUT	WRITTEN	25,000		13			AMERICAN			19/12/2008
CALL	PURCHASED	30,000		13.5			AMERICAN			19/09/2008
PUT	PURCHASED	25,400		10.5			AMERICAN			19/12/2008
PUT	PURCHASED	0		14			AMERICAN			19/09/2008
PUT	PURCHASED	0		13.5			AMERICAN			19/09/2008
PUT	PURCHASED	0		13			AMERICAN			19/09/2008
PUT	PURCHASED	10,000		12.5			AMERICAN			19/12/2008
PUT	PURCHASED	425,000		11.5			AMERICAN			19/12/2008
PUT	PURCHASED	111,400		11			AMERICAN			19/12/2008
PUT	PURCHASED	0		11			AMERICAN			19/09/2008
PUT	PURCHASED	425,000		10.5			AMERICAN			19/12/2008
PUT	PURCHASED	100,000		10.5			AMERICAN			19/09/2008
CALL	PURCHASED	11,100		16			AMERICAN			19/12/2008
CALL	PURCHASED	75,000		15			AMERICAN			19/12/2008
CALL	PURCHASED	11,100		15			AMERICAN			19/09/2008
CALL	PURCHASED	83,200		15			AMERICAN			19/09/2008
CALL	PURCHASED	425,000		13			AMERICAN			19/12/2008
CALL	PURCHASED	83,200		12.5			AMERICAN			19/09/2008
CALL	PURCHASED	554,500		18			AMERICAN			19/12/2008
CALL	PURCHASED	150,000		18			AMERICAN			19/12/2008
CALL	WRITTEN	19,500		11.5			AMERICAN			19/09/2008
CALL	PURCHASED	75,000		12.5			AMERICAN			19/09/2008
CALL	PURCHASED	2,010,000		11.5			AMERICAN			19/09/2008
PUT	WRITTEN	1,000,000		12			AMERICAN			18/12/2009
PUT	WRITTEN	500,000		11			AMERICAN			18/12/2009
PUT	WRITTEN	500,000		10.5			AMERICAN			19/06/2009
PUT	WRITTEN	15,000		9.75			AMERICAN			18/12/2009
PUT	WRITTEN	15,000		9.5			AMERICAN			18/12/2009
PUT	WRITTEN	15,000		9.25			AMERICAN			18/12/2009
PUT	WRITTEN	15,000		9			AMERICAN			18/12/2009
PUT	WRITTEN	15,000		8.75			AMERICAN			18/12/2009
PUT	WRITTEN	21,700		13			AMERICAN			19/09/2008
PUT	WRITTEN	2,000,000		11.5			AMERICAN			19/09/2008
PUT	WRITTEN	1,500,000		10			AMERICAN			19/12/2008
PUT	WRITTEN	500,000		9.5			AMERICAN			19/12/2008
PUT	PURCHASED	1,500,000		13.5			AMERICAN			18/12/2009
PUT	PURCHASED	3,000		10.5			AMERICAN			18/09/2009
PUT	PURCHASED	90,000		12.5			AMERICAN			19/12/2008
PUT	PURCHASED	1,000,000		12			AMERICAN			19/12/2008
PUT	PURCHASED	80,000		11.5			AMERICAN			19/12/2008
PUT	PURCHASED	500,000		11			AMERICAN			19/12/2008
PUT	PURCHASED	100,000		17			AMERICAN			15/06/2012
PUT	PURCHASED	100,000		11.5			AMERICAN			15/06/2012
CALL	WRITTEN	500,000		13.5			AMERICAN			18/12/2009
CALL	WRITTEN	15,000		10.5			AMERICAN			18/12/2009
CALL	WRITTEN	15,000		10			AMERICAN			18/12/2009
CALL	WRITTEN	15,000		9.75			AMERICAN			18/12/2009
CALL	WRITTEN	15,000		9.5			AMERICAN			18/12/2009
CALL	WRITTEN	15,000		9.25			AMERICAN			18/12/2009
CALL	WRITTEN	10,000		14			AMERICAN			19/12/2008
CALL	WRITTEN	250,000		13			AMERICAN			19/12/2008
CALL	WRITTEN	280,000		13			AMERICAN			19/09/2008
CALL	WRITTEN	1,100		15			AMERICAN			16/12/2011
CALL	WRITTEN	500		14.5			AMERICAN			17/12/2010
CALL	PURCHASED	30,000		13.5			AMERICAN			20/03/2009
CALL	PURCHASED	10,000		17.5			AMERICAN			19/12/2008
CALL	PURCHASED	500,000		11			AMERICAN			19/12/2008
CALL	PURCHASED	100,000		17			AMERICAN			15/06/2012
CALL	PURCHASED	100,000		11.50			AMERICAN			15/06/2012
Notes
1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.
Full details of any existing agreements to purchase or to sell should also be given on this form.
2. For all prices and other monetary amounts, the currency must be stated.
For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover Panel's
website at www.thetakeoverpanel.org.uk

ENDDCCSSFFSDSASEEU

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Banco Santander