CONNECTED EXEMPT MARKET-MAKERS;
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in  Abbey National Plc....(name of company)

Class of security Ordinary.

Date of disclosure 2nd September 2004...

Date of dealing  1st September 2004 ...

Name of EMM J.P. Morgan Securities Ltd...

Name of offeree/offeror with whom connected Banco Santander Central Hispano SA





Total number of securities purchased    15,640
                                                        
Highest price paid*                     6.035 GBP

Lowest price paid*                      6.035 GBP




Total number of securities sold           15,640                                
                                                
Highest price received*         6.035 GBP

Lowest price received*          6.035 GBP

* Currency must be stated



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