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 7th October 2004....

Date of dealing 6th October 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    35,774
                                                                
Highest price paid*                     5.925 GBP

Lowest price paid*                      5.86 GBP




Total number of securities sold         35,774
                                                
Highest price received*         5.935 GBP

Lowest price received*          5.85 GBP

* Currency must be stated



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