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

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06/1206

NOTICE N.º 1206/06

We hereby inform that, for having reached maturity on 15th December, 2006, one was cancelled, on 19 of the present month, the registry of the following issues of warrants issued by Banco Santander de Negócios Portugal, S.A.:

Code Name
BS2EWE W. estruturados s/ DAX - Call - 5.850 - 15.12.2006
BS2FWE W. estruturados s/ DAX - Call - 5.975 - 15.12.2006
BS1PWE Warrants sobre DAX - Call - 5.400 - 15.12.2006
BS1QWE Warrants sobre DAX - Call - 5.600 - 15.12.2006
BS1RWE Warrants sobre DAX - Put - 5.100 - 15.12.2006
BS1SWE Warrants sobre DAX - Put - 5.300 - 15.12.2006
BS1TWE Warrants sobre IBEX35 - Call - 11.200 - 15.12.2006
BS1UWE Warrants sobre IBEX35 - Put - 10.600 - 15.12.2006
BS1VWE Warrants sobre Telefonica - Call - 13,00 - 15.12.2006
BS1WWE Warrants sobre Telefonica - Put - 11,50 - 15.12.2006
BS1XWE Warrants sobre Nokia - Call - 15,50 - 15.12.2006
BS1YWE Warrants sobre Nokia - Put - 14,00 - 15.12.2006
BS1ZWE Warrants sobre BBVA - Call - 15,50 - 15.12.2006
BS21WE Warrants sobre BBVA - Put - 14,50 - 15.12.2006
BS24WE Warrants sobre Allianz - Call - 125,00 - 15.12.2006
BS25WE Warrants sobre Allianz - Put - 105,00 - 15.12.2006
BS28WE Warrants sobre Deutsche Telekom - Call - 14,50 - 15.12.2006
BS29WE Warrants sobre Deutsche Telekom - Put - 12,00 - 15.12.2006
BS2AWE Warrants sobre Alcatel - Call - 11,00 - 15.12.2006
BS2BWE Warrants sobre Alcatel - Put - 8,00 - 15.12.2006
BS2CWE Warrants sobre France Telecom - Call - 19,00 - 15.12.2006
BS2DWE Warrants sobre France Telecom - Put - 16,00 - 15.12.2006
BSNGWE Warrants sobre BBVA - Call - 17,5 - 15.12.2006
BSNKWE Warrants sobre BBVA - Put - 17,50 - 15.12.2006
BS2VWE Warrants sobre Dax - Call - 5900 - 15.12.2006
BS2WWE Warrants sobre Dax - Call - 6000 - 15.12.2006
BS2ZWE Warrants sobre Dax - Put - 5500 - 15.12.2006
BSN1WE Warrants sobre Dax - Put - 5600 - 15.12.2006
BS12WE Warrants sobre Deutsche Telecom - Call - 12,00 - 15.12.2006
BS14WE Warrants sobre Deutsche Telecom - Put - 11,00 - 15.12.2006
BSNOWE Warrants sobre France Telekom - Call - 12,00 - 15.12.2006
BSNSWE Warrants sobre France Telekom - Put - 15,00 - 15.12.2006
BSN6WE Warrants sobre IBEX35 - Call - 12000 - 15.12.2006
BSNCWE Warrants sobre IBEX35 - Put - 12000 - 15.12.2006

INTERBOLSA, 20th December, 2006