Cancellation of registry of warrants issued by Banco Santander de Negócios Portugal, S.A.

NOTICE N.º 0475/06

We hereby inform that, as a result of the existence of the conditions for the anticipated loss of the rights inherent to structured warrants issued by Banco Santander de Negócios Portugal, S.A., one has cancelled the registry of the following issues, on 18^th May, 2006:

INTERBOLSA, 19^th May, 2006