NOTICE N.º 0827/06
We hereby inform that, on 28th August, 2006, the following issues of warrants were registered, issued by Banco Santander de Negócios Portugal, S.A.:
| Code | Name | Quantity |
| BSNXWE | Warrants sobre Alcatel - Call - 10,50 - 16.03.2007 | 2.000.000 |
| BS11WE | Warrants sobre Alcatel - Put - 9,50 - 16.03.2007 | 2.000.000 |
| BSNGWE | Warrants sobre BBVA - Call - 17,5 - 15.12.2006 | 2.000.000 |
| BSNHWE | Warrants sobre BBVA - Call - 18,00 - 16.03.2007 | 2.000.000 |
| BSNLWE | Warrants sobre BBVA - Put - 17,00 - 16.03.2007 | 2.000.000 |
| BSNKWE | Warrants sobre BBVA - Put - 17,50 - 15.12.2006 | 2.000.000 |
| BS2VWE | Warrants sobre Dax - Call - 5900 - 15.12.2006 | 2.500.000 |
| BS2WWE | Warrants sobre Dax - Call - 6000 - 15.12.2006 | 2.500.000 |
| BS2XWE | Warrants sobre Dax - Call - 6100 - 16.03.2007 | 2.500.000 |
| BS2YWE | Warrants sobre Dax - Call - 6200 - 16.03.2007 | 2.500.000 |
| BS2ZWE | Warrants sobre Dax - Put - 5500 - 15.12.2006 | 2.500.000 |
| BSN1WE | Warrants sobre Dax - Put - 5600 - 15.12.2006 | 2.500.000 |
| BSN2WE | Warrants sobre Dax - Put - 5700 - 16.03.2007 | 2.500.000 |
| BSN5WE | Warrants sobre Dax - Put - 5800 - 16.03.2007 | 2.500.000 |
| BS12WE | Warrants sobre Deutsche Telecom - Call - 12,00 - 15.12.2006 | 2.000.000 |
| BS13WE | Warrants sobre Deutsche Telecom - Call - 13,00 - 16.03.2007 | 2.000.000 |
| BS14WE | Warrants sobre Deutsche Telecom - Put - 11,00 - 15.12.2006 | 2.000.000 |
| BS15WE | Warrants sobre Deutsche Telecom - Put - 13,00 - 16.03.2007 | 2.000.000 |
| BSNOWE | Warrants sobre France Telekom - Call - 12,00 - 15.12.2006 | 2.000.000 |
| BSNPWE | Warrants sobre France Telekom - Call - 20,00 - 16.03.2007 | 2.000.000 |
| BSNSWE | Warrants sobre France Telekom - Put - 15,00 - 15.12.2006 | 2.000.000 |
| BSNTWE | Warrants sobre France Telekom - Put - 17,00 - 16.03.2007 | 2.000.000 |
| BSN6WE | Warrants sobre IBEX35 - Call - 12000 - 15.12.2006 | 2.000.000 |
| BSN9WE | Warrants sobre IBEX35 - Call - 12500 - 16.03.2007 | 2.000.000 |
| BSNDWE | Warrants sobre IBEX35 - Put - 11500 - 16.03.2007 | 2.000.000 |
| BSNCWE | Warrants sobre IBEX35 - Put - 12000 - 15.12.2006 | 2.000.000 |
INTERBOLSA, 29th August, 2006