BCH Eurocapital Limited to Redeem Its Series B Preference Shares on April 22, 2004 GEORGE TOWN, Grand Cayman, March 23 /PRNewswire/ -- BCH Eurocapital Limited (the "Company") announced today that, pursuant to the Written Resolutions of its Board of Directors dated March 19, 2004 the Company will redeem all its Series B preference shares on April 22, 2004. The Redemption Price for the Company's Floating Rate Non-Cumulative Guaranteed Non-voting Preference Shares, Series B (the "Series B Shares") will be $25.00 per share. This price together with accrued and unpaid dividends of $0.36 on each Series B Share will result in a cash payment of $25.36 per share. The CUSIP number for the Series B Share is G09025100 and the ISIN number is KYG090251003. The Redemption Agent for the Series B Shares will be JP Morgan Chase Bank (the "Redemption Agent"). Pursuant to the instructions in the Letter of Transmittal sent to holders of the Series B Shares (the "B Holders"), the B Holders can tender their shares at the offices of JP Morgan Chase Bank as listed in the Letter of Transmittal. Dividends will cease to accrue on the Series B Shares on April 22, 2004. In connection with the early redemption, JP Morgan Chase Bank will also serve as the Paying Agentand will issue a check or checks for the Redemption Price and for accrued and unpaid dividends to the B Holders pursuant to the presentation and surrender of the Series B Shares in accordance with the Letter of Transmittal sent to the B Holders. BCH Eurocapital Limited, a company established under the laws of the Cayman Islands, British West Indies, is wholly owned by Banco Santander Central Hispano, S.A. DATASOURCE: BCH Eurocapital Limited CONTACT: Maria Varela, +1-212-350-3641, for BCH Eurocapital Limited

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