Rule 8.1- (Banco Santander, S.A.)

23rd Sep 2008 16:33

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.
Amended to correct certain trades in relevant securities made by Banco Santander, S.A. The net effect of the amendment is – 15,377 shares.
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					19/09/2008
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					23,131,787	0.37					0.00
(2) Derivatives (other than options)					176,966,704	2.83			1,462,664		0.02
(3) Options and agreements to purchase/sell					26,658,748	0.43			41,962,989		0.67
Total(*)					226,757,239	3.63			43,425,653		0.69
(*) Included within the total of 226,757,239 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 3,274,000 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
SALE					127,700				11.24		EUR
SALE					25,000				13		EUR
SALE					25,000				13.5		EUR
SALE					25,000				14		EUR
SALE					1,277				11.16		EUR
SALE					4,667				11.14		EUR
SALE					10,130				11.14		EUR
SALE					203				11.14		EUR
SALE					2,835				11.16		EUR
SALE					500				11.16		EUR
SALE					500				11.16		EUR
SALE					2,974				11.16		EUR
SALE					3,326				11.16		EUR
SALE					4,865				11.16		EUR
SALE					1,973				11.04		EUR
SALE					231				11.04		EUR
SALE					9,480				10.94		EUR
SALE					1,000				10.94		EUR
SALE					6,000				10.94		EUR
SALE					13,520				10.94		EUR
SALE					1,974				11.34		EUR
SALE					275				11.36		EUR
SALE					2,500				11.36		EUR
SALE					1,820				11.36		EUR
SALE					15,405				11.36		EUR
SALE					23,850				11.4		EUR
SALE					4,856				11.38		EUR
SALE					3,984				11.38		EUR
SALE					1,813				11.34		EUR
SALE					663				11.33		EUR
SALE					75				11.32		EUR
SALE					363				11.32		EUR
SALE					563				11.21		EUR
SALE					12,364				11.29		EUR
SALE					1,013				11.29		EUR
SALE					1,623				11.29		EUR
SALE					4,640				11.23		EUR
SALE					4,200				11.23		EUR
SALE					335				11.21		EUR
SALE					10,000				11.21		EUR
SALE					1,818				11.21		EUR
SALE					2,847				11.21		EUR
SALE					1,089				11.22		EUR
SALE					166				11.22		EUR
SALE					1,125				11.21		EUR
SALE					4,582				11.14		EUR
SALE					84				11.14		EUR
SALE					1,176				11.14		EUR
SALE					490				11.14		EUR
SALE					618				11.14		EUR
SALE					1,013				11.14		EUR
SALE					200				11.14		EUR
SALE					979				11.14		EUR
SALE					70				11.14		EUR
SALE					226				11.14		EUR
SALE					69				11.14		EUR
SALE					958				11.14		EUR
SALE					413				11.14		EUR
SALE					1,569				11.14		EUR
SALE					97				11.14		EUR
SALE					3				11.14		EUR
SALE					12,453				11.14		EUR
SALE					477				11.18		EUR
SALE					682				11.05		EUR
SALE					564				11.05		EUR
SALE					619				11.13		EUR
SALE					1,829				11.17		EUR
SALE					883				11.12		EUR
SALE					200,000				11.16		EUR
SALE					564				11.01		EUR
SALE					10,000				11.05		EUR
SALE					7,265				11.05		EUR
SALE					4,835				11.05		EUR
SALE					6,329				11.08		EUR
SALE					729				11.08		EUR
SALE					8,008				11.08		EUR
SALE					3,921				11.08		EUR
SALE					1,013				11.08		EUR
SALE					1,113				11.03		EUR
SALE					477				11.05		EUR
SALE					2,186				11.03		EUR
SALE					20				11.03		EUR
SALE					500				11.03		EUR
SALE					300				11.03		EUR
SALE					500				11.03		EUR
SALE					500				11.03		EUR
SALE					8,071				11.03		EUR
SALE					2,923				11.03		EUR
SALE					15,900				11.03		EUR
SALE					1,934				10.98		EUR
SALE					2,775				10.98		EUR
SALE					696				10.98		EUR
SALE					500				10.98		EUR
SALE					500				10.98		EUR
SALE					8,595				10.98		EUR
SALE					544				10.92		EUR
SALE					1,000				10.99		EUR
SALE					14,000				10.99		EUR
SALE					75				10.94		EUR
SALE					106				10.87		EUR
SALE					1,088				10.88		EUR
SALE					7,027				10.85		EUR
SALE					7,973				10.85		EUR
SALE					2,122				10.73		EUR
SALE					500				10.72		EUR
SALE					162				10.84		EUR
SALE					324				10.83		EUR
SALE					1,642				10.77		EUR
SALE					259				10.8		EUR
SALE					2,000				10.79		EUR
SALE					568				10.76		EUR
SALE					1,473				10.8		EUR
SALE					500				10.78		EUR
SALE					300				10.79		EUR
SALE					70				10.8		EUR
SALE					1,500				10.8		EUR
SALE					918				10.76		EUR
SALE					186				10.74		EUR
SALE					1,250				10.74		EUR
SALE					1				10.72		EUR
SALE					710				10.64		EUR
SALE					889				10.63		EUR
SALE					911				10.63		EUR
SALE					927				10.6		EUR
SALE					1,133				10.6		EUR
SALE					516				10.71		EUR
SALE					1,290				10.69		EUR
SALE					75				10.7		EUR
SALE					274				10.7		EUR
SALE					400,000				11.25		EUR
PURCHASE					70,300				11.24		EUR
PURCHASE					15,000				11.07		EUR
PURCHASE					1,221				11.06		EUR
PURCHASE					13,779				11.06		EUR
PURCHASE					1,282				10.96		EUR
PURCHASE					4,549				10.91		EUR
PURCHASE					7,531				10.91		EUR
PURCHASE					800				10.91		EUR
PURCHASE					17,120				10.91		EUR
PURCHASE					4,091				10.96		EUR
PURCHASE					500				10.96		EUR
PURCHASE					1,169				10.96		EUR
PURCHASE					17,120				10.96		EUR
PURCHASE					7,120				10.96		EUR
PURCHASE					9,180				11.1		EUR
PURCHASE					1,000				11.1		EUR
PURCHASE					300				11.1		EUR
PURCHASE					100				11.1		EUR
PURCHASE					920				11.1		EUR
PURCHASE					300				11.1		EUR
PURCHASE					3,200				11.1		EUR
PURCHASE					3,868				11.27		EUR
PURCHASE					1,956				11.27		EUR
PURCHASE					2,150				11.27		EUR
PURCHASE					2,026				11.27		EUR
PURCHASE					1,974				11.27		EUR
PURCHASE					5,624				11.23		EUR
PURCHASE					4,376				11.23		EUR
PURCHASE					6,427				11.39		EUR
PURCHASE					88				11.39		EUR
PURCHASE					2,325				11.39		EUR
PURCHASE					9,300				11.34		EUR
PURCHASE					2,205				11.34		EUR
PURCHASE					3,495				11.34		EUR
PURCHASE					1,611				11.34		EUR
PURCHASE					13,389				11.34		EUR
PURCHASE					14				11.34		EUR
PURCHASE					14,986				11.34		EUR
PURCHASE					4,712				11.24		EUR
PURCHASE					28				11.24		EUR
PURCHASE					1,967				11.24		EUR
PURCHASE					8,293				11.24		EUR
PURCHASE					8,840				11.24		EUR
PURCHASE					994				11.29		EUR
PURCHASE					7,206				11.13		EUR
PURCHASE					449				11.13		EUR
PURCHASE					810				11.13		EUR
PURCHASE					200				11.13		EUR
PURCHASE					976				11.13		EUR
PURCHASE					3,468				11.13		EUR
PURCHASE					4,891				11.13		EUR
PURCHASE					12,397				11.12		EUR
PURCHASE					4,663				11.12		EUR
PURCHASE					2,940				11.12		EUR
PURCHASE					2,000				11.02		EUR
PURCHASE					14,860				10.92		EUR
PURCHASE					140				10.92		EUR
PURCHASE					6,998				10.93		EUR
PURCHASE					8,002				10.93		EUR
PURCHASE					500				10.66		EUR
PURCHASE					175				10.68		EUR
PURCHASE					1,947				10.68		EUR
PURCHASE					1,642				10.66		EUR
PURCHASE					70				10.81		EUR
PURCHASE					300				10.73		EUR
PURCHASE					1				10.73		EUR
PURCHASE					500				10.62		EUR
PURCHASE					95				10.67		EUR
PURCHASE					3,359				10.65		EUR
PURCHASE					5,921				10.65		EUR
PURCHASE					3,000				10.65		EUR
PURCHASE					1,424				10.65		EUR
PURCHASE					1,667				10.65		EUR
PURCHASE					4,629				10.65		EUR
PURCHASE					20,000				10.5		EUR
SALE					800				11.11		EUR
SALE					6,000				10.86		EUR
SALE					5,000				10.84		EUR
SALE					6,060				10.76		EUR
SALE					14,000				10.73		EUR
SALE					3,000				10.8		EUR
SALE					5,000				10.71		EUR
SALE					20,531				11.3		EUR
SALE					5,392				11.4		EUR
SALE					10,000				11		EUR
SALE					33,500				10.9		EUR
SALE					50,000				10.85		EUR
SALE					50,000				10.8		EUR
SALE					50,000				10.75		EUR
SALE					12,300				10		EUR
SALE					8,750				10		EUR
SALE					3,500				10		EUR
SALE					5,000				10		EUR
SALE					8,000				10.78		EUR
SALE					34,008				11.3		EUR
SALE					20,421				11.3		EUR
SALE					23,990				11.3		EUR
SALE					28,379				11.3		EUR
SALE					3,967				11.4		EUR
SALE					3,759				11.4		EUR
SALE					12,000				10.77		EUR
SALE					2,698				11.4		EUR
SALE					2,809				11.4		EUR
SALE					3,408				11.4		EUR
SALE					3,773				11.28		EUR
SALE					19,000				10.95		EUR
SALE					12,300				10.75		EUR
SALE					8,750				10.75		EUR
SALE					13,900				10.7		EUR
SALE					20,000				10.7		EUR
SALE					9,600				11.07		EUR
SALE					5,000				11.09		EUR
SALE					30,039				11.3		EUR
SALE					7,048				11.4		EUR
SALE					2,500				11.23		EUR
SALE					2,500				11.4		EUR
SALE					2,318				11.4		EUR
SALE					2,624				11.4		EUR
SALE					3,557				11.4		EUR
SALE					19,000				10.95		EUR
SALE					1,000				10.95		EUR
SALE					3,500				10.75		EUR
SALE					5,000				10.75		EUR
SALE					12,913				11.24		EUR
PURCHASE					4,500				11.37		EUR
PURCHASE					3,000				11.23		EUR
PURCHASE					2,693				10.87		EUR
PURCHASE					2,500				10.59		EUR
PURCHASE					10,000				11.05		EUR
PURCHASE					60,000				10.86		EUR
PURCHASE					20,531				10.5		EUR
PURCHASE					4,000				11.03		EUR
PURCHASE					34,008				10.5		EUR
PURCHASE					20,421				10.5		EUR
PURCHASE					23,990				10.5		EUR
PURCHASE					20,000				10.5		EUR
PURCHASE					28,379				10.5		EUR
PURCHASE					8,000				11.15		EUR
PURCHASE					30,039				10.5		EUR
PURCHASE					9,600				10.34		EUR
SALE					8,000				11.01		EUR
PURCHASE					6,630				11.18		EUR
PURCHASE					1,370				11.12		EUR
SALE					340,000				11.25		EUR
PURCHASE					340,000				11.25		EUR
SALE					7,903				12.02		EUR
SALE					15,000				11.04		EUR
SALE					50,000				10.86		EUR
SALE					30,000				10.85		EUR
SALE					50,000				10.77		EUR
SALE					50,000				10.78		EUR
SALE					80,000				10.7		EUR
SALE					100,000				10.68		EUR
SALE					30,000				10.69		EUR
SALE					50,000				10.8		EUR
SALE					100,000				10.62		EUR
SALE					100,000				10.59		EUR
SALE					30,000				10.6		EUR
SALE					15,000				10.56		EUR
SALE					15,000				10.57		EUR
SALE					30,000				10.79		EUR
SALE					130,000				10.72		EUR
SALE					80,000				10.73		EUR
SALE					130,000				10.74		EUR
SALE					90,000				10.71		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	SHORT					-10,000			0.22		EUR
WARRANTS	SHORT					-6,000			0.21		EUR
WARRANTS	SHORT					1,500			0.34		EUR
WARRANTS	SHORT					-1,500			0.36		EUR
WARRANTS	SHORT					-1,500			0.34		EUR
WARRANTS	LONG					2,500			1.72		EUR
WARRANTS	SHORT					-500			0.11		EUR
WARRANTS	SHORT					-2,419			0.11		EUR
WARRANTS	SHORT					-7,500			0.1		EUR
WARRANTS	SHORT					-3,750			0.1		EUR
WARRANTS	SHORT					-1,250			0.08		EUR
WARRANTS	SHORT					-75,000			0.34		EUR
WARRANTS	SHORT					-5,700			0.33		EUR
WARRANTS	SHORT					3,125			0.32		EUR
WARRANTS	SHORT					-3,947			0.31		EUR
WARRANTS	SHORT					-2,778			0.29		EUR
WARRANTS	SHORT					-5,750			0.3		EUR
WARRANTS	SHORT					-1,500			0.3		EUR
WARRANTS	SHORT					-3,500			0.27		EUR
WARRANTS	SHORT					-1,500			0.28		EUR
WARRANTS	SHORT					-50,000			0.28		EUR
WARRANTS	SHORT					-2,500			0.23		EUR
WARRANTS	SHORT					2,500			0.22		EUR
WARRANTS	SHORT					-10,000			0.24		EUR
WARRANTS	SHORT					-2,500			0.24		EUR
WARRANTS	SHORT					-1,500			0.24		EUR
WARRANTS	SHORT					350			0.24		EUR
WARRANTS	SHORT					-350			0.24		EUR
WARRANTS	SHORT					-7,500			0.24		EUR
WARRANTS	SHORT					1,500			0.14		EUR
WARRANTS	SHORT					2,500			0.19		EUR
WARRANTS	SHORT					350			0.22		EUR
WARRANTS	LONG					150			0.72		EUR
WARRANTS	LONG					-20,000			0.63		EUR
WARRANTS	LONG					20,000			0.63		EUR
WARRANTS	LONG					1,500			0.64		EUR
WARRANTS	LONG					-20,000			0.66		EUR
WARRANTS	LONG					20,000			0.66		EUR
WARRANTS	LONG					1,400			0.68		EUR
WARRANTS	LONG					50,000			0.7		EUR
WARRANTS	LONG					-1			0.79		EUR
WARRANTS	LONG					1			0.79		EUR
WARRANTS	LONG					1,250			0.79		EUR
WARRANTS	SHORT					-2,273			0.72		EUR
WARRANTS	SHORT					-3,922			0.68		EUR
WARRANTS	SHORT					2,273			0.66		EUR
WARRANTS	SHORT					3,500			0.75		EUR
WARRANTS	SHORT					-3,500			0.77		EUR
WARRANTS	SHORT					-1,000			0.69		EUR
WARRANTS	SHORT					-1,210			0.69		EUR
WARRANTS	SHORT					-1,000			0.67		EUR
WARRANTS	SHORT					-1,000			0.65		EUR
WARRANTS	SHORT					-2,000			0.64		EUR
WARRANTS	SHORT					-4,913			0.59		EUR
WARRANTS	SHORT					4,913			0.57		EUR
WARRANTS	SHORT					-375			0.62		EUR
WARRANTS	SHORT					-750			0.61		EUR
WARRANTS	SHORT					-3,800			0.6		EUR
WARRANTS	SHORT					-600			0.61		EUR
WARRANTS	SHORT					-1,315			0.6		EUR
WARRANTS	SHORT					3,800			0.57		EUR
WARRANTS	SHORT					-3,409			0.61		EUR
WARRANTS	SHORT					-2,125			0.59		EUR
WARRANTS	SHORT					-3,325			0.6		EUR
WARRANTS	SHORT					-3,488			0.56		EUR
WARRANTS	SHORT					-1,000			0.58		EUR
WARRANTS	SHORT					-2,500			0.58		EUR
WARRANTS	SHORT					-675			0.58		EUR
FUTUROS	LONG					20,000			11.2		EUR
FUTUROS	LONG					164,200			0		EUR
FUTUROS	LONG					-2,125,400			0		EUR
FUTUROS	LONG					-1,800			10.70		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)
PUT	Expired		-100,000		10.5	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-100,000		11	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-25,000		13	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-25,000		14	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-25,000		13.5	AMERICAN		19/09/2008	0		EUR
CALL	Expired		-200,000		14	AMERICAN		19/09/2008	0		EUR
CALL	Expired		2,000		13	AMERICAN		19/12/2008	0		EUR
CALL	Expired		-75,000		12.5	AMERICAN		19/09/2008	0		EUR
CALL	Expired		-2,010,000		11.5	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-21,700		13	AMERICAN		19/09/2008	0		EUR
PUT	Expired		-2,000,000		11.5	AMERICAN		19/09/2008	0		EUR
CALL	Expired		-280,000		13	AMERICAN		19/09/2008	0		EUR
(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						23/09/2008
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
PUT	PURCHASED	0		10			AMERICAN			20/03/2009
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	0		10.5			AMERICAN			19/09/2008
PUT	PURCHASED	0		11			AMERICAN			19/09/2008
PUT	PURCHASED	0		13			AMERICAN			19/09/2008
PUT	PURCHASED	0		14			AMERICAN			19/09/2008
PUT	PURCHASED	0		13.5			AMERICAN			19/09/2008
CALL	WRITTEN	0		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	WRITTEN	15,358		11.72			European			09/08/2009
PUT	WRITTEN	30,717		11.72			European			09/08/2009
PUT	WRITTEN	30,717		11.72			European			09/08/2009
CALL	WRITTEN	16,202		13.33			European			09/05/2012
CALL	WRITTEN	32,403		13.33			European			09/05/2012
CALL	WRITTEN	32,403		13.33			European			09/05/2012
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
CALL	WRITTEN	2,000		13			AMERICAN			19/12/2008
PUT	WRITTEN	50,000		9.5			AMERICAN			19/12/2008
CALL	PURCHASED	10,000		12.5			AMERICAN			19/12/2008
PUT	WRITTEN	150,000		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	0		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	0		11.5			AMERICAN			19/09/2008
CALL	PURCHASED	0		12.5			AMERICAN			19/09/2008
CALL	PURCHASED	0		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	0		13			AMERICAN			19/09/2008
PUT	WRITTEN	0		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	0		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

ENDDCCSESFIDSASEDU

---

Related Shares:

Banco Santander