BCH Eurocapital Limited to Redeem Its Series B Preference Shares on April 22, 2004

BCH Eurocapital Limited to Redeem Its Series B Preference Shares on April 22,
2004 


GEORGE TOWN, Grand Cayman, March 23  /PRNewswire/ -- BCH Eurocapital Limited
(the "Company") announced today that, pursuant to the Written Resolutions of its
Board of Directors dated March 19, 2004 the Company will redeem all its Series B
preference shares on April 22, 2004.

The Redemption Price for the Company's Floating Rate Non-Cumulative Guaranteed
Non-voting Preference Shares, Series B (the "Series B Shares") will be $25.00
per share. This price together with accrued and unpaid dividends of $0.36 on
each Series B Share will result in a cash payment of $25.36 per share.

The CUSIP number for the Series B Share is G09025100 and the ISIN number is
KYG090251003.

The Redemption Agent for the Series B Shares will be JP Morgan Chase Bank (the
"Redemption Agent"). Pursuant to the instructions in the Letter of Transmittal
sent to holders of the Series B Shares (the "B Holders"), the B Holders can
tender their shares at the offices of JP Morgan Chase Bank as listed in the
Letter of Transmittal.

Dividends will cease to accrue on the Series B Shares on April 22, 2004.

In connection with the early redemption, JP Morgan Chase Bank will also serve as
the Paying Agentand will issue a check or checks for the Redemption Price and
for accrued and unpaid dividends to the B Holders pursuant to the presentation
and surrender of the Series B Shares in accordance with the Letter of
Transmittal sent to the B Holders.

BCH Eurocapital Limited, a company established under the laws of the Cayman
Islands, British West Indies, is wholly owned by Banco Santander Central
Hispano, S.A. 

DATASOURCE: BCH Eurocapital Limited



CONTACT:  Maria Varela, [phone], for BCH Eurocapital Limited

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