QUANTUMONLINE.COM SECURITY DESCRIPTION:  Sovereign Capital Trust IV, 4.375% Contingent Convertible Trust Preferred Income Equity Redeemable Securities (PIERS), issued at $50 per PIERS. The PIERS initially consist of a junior subordinated debenture due 3/1/2034 with a stated liquidation value $50 and a warrant to purchase 1.6301 shares of Sovereign Bancorp Inc. common stock at any time prior to 3/1/2034 (an initial price of $30.67). The debentures and the warrants may not be transferred separately and to exericise a warrant the corresponding debenture must be also be tendered. The preferred securities are redeemable at the issuer's option on or after 3/5/2007 at $50 per share plus accrued and unpaid dividends if the price of the common stock exceeds $39.87 per share for 20 of the preceding 30 trading days prior to the conversion. Distributions of 4.375% ($2.1875) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on on the preceding 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Holders may convert each of their Trust PIERS into 1.6301 shares of Sovereign common stock at specified situations. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 4.375% Junior Subordinated Deferrable Interest Debentures due 3/1/2034 which were purchased from the company using the funds generated from the sale of the trust preferred securities. At any time at the holder's option the preferred stock and the warrant may be separated and transferred separately. See the IPO prospectus for further information on the PIERS and the warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	4.38% $2.1875	$50.00 n.a.	3/05/2007 3/01/2034	WR NF 3/18/2019	1.6301 n.a.	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  The company does not intend to apply for listing of the Trust PIERS on any securities exchange or for inclusion of the Trust PIERS in any automated quotation system.

Company's Online Information Links

HOME PAGE:     http://www.gruposantander.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	investor@gruposantander.com
Email Contact Form on Website	Go to Email Form

Foreign Address and Phone Numbers

Address:   Ciudad Grupo Santander. Av. De Cantabria s/n, Edificio Pereda, 1ª planta.
Main Phone Number	+34-91-259-6520
Fax Number	+34-91-558-14-53
Inv Rel Phone Number	+34 91 259 65 14

Address and Phone Numbers

U.S. Representative	Banco Santander New York
Address:   45 East 53rd Street, Floors 9&10, New York, NY 10022
Main Phone Number	212-350-3500
Fax Number	212-350-3535
Investor Contact   Jaime Cano	212-350-3903
Toll Free Phone Number	Unknown