Santander Holdings USA, Inc. Announces Final Tender Results

         Santander Holdings USA, Inc. Announces Final Tender Results

PR Newswire

BOSTON, Nov. 1, 2012

BOSTON, Nov. 1, 2012 /PRNewswire/ --Santander Holdings USA, Inc. ("SHUSA"), a
wholly owned indirect subsidiary of Banco Santander, S.A., today announced
that the previously announced cash tender offer for its outstanding Sovereign
Capital Trust VI 7.908% Capital Securities (the "Capital Securities") expired
at 11:59 p.m., New York City time, on October 31, 2012 (the "Expiration
Time"). An aggregate liquidation amount of approximately $164.0 million of
the Capital Securities, representing approximately 68.4% of the outstanding
aggregate liquidation amount of such securities not owned by SHUSA, were
tendered (and not validly withdrawn) in the tender offer. An aggregate
liquidation amount of approximately $164.0 million of the Capital Securities
were purchased at early settlement on October 18, 2012. No additional Capital
Securities were tendered following the early tender time of 5:00 p.m. New York
City time on October 17, 2012 and prior to the Expiration Time.

J.P. Morgan Securities LLC served as dealer manager and D.F. King & Co., Inc.
served as the tender agent and information agent for the tender offer.
Questions regarding the tender offer may be directed to J.P. Morgan Securities
LLC at (866) 834-4666 (toll free) or (212) 834-4811 (collect).

This press release is neither an offer to purchase nor a solicitation to buy
any of the Capital Securities, nor is it a solicitation for acceptance of the
tender offer.

About our company
Santander Holdings USA, Inc. (SHUSA) is a wholly owned subsidiary of Banco
Santander, S.A. and is the holding company for Sovereign Bank, a financial
institution with principal markets in the northeastern United States.
Sovereign Bank has more than 720 branches, nearly 2,200 ATMs and
approximately 8,800 team members.

Banco Santander, S.A. (SAN.SM, SAN.US) (Santander) is a retail and commercial
bank, headquartered in Spain, with a presence in ten main markets: Spain,
Portugal, Germany, UK, Poland, Brazil, Mexico, Chile, Argentina and the U.S.
Founded in 1857, Santander has 102 million customers, approximately 14,500
branches – more than any other international bank – and more than 188,000

Cautionary Statement Regarding Forward-Looking Information

Statements in this press release regarding SHUSA's business which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties, which could
cause actual future events to differ from those contained in the
forward-looking statements, see "Forward-Looking Statements" and "Risk
Factors" in the Company's Annual Report on Form 10-K for the most recently
ended fiscal year and Quarterly Report on Form 10-Q for the most recently
ended fiscal quarter.

SOURCE Santander Holdings USA, Inc.

Contact: Holly Steel, +1-617-346-7433
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