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Santander Holdings USA, Inc. Issues Correction To Press Release Announcing Offer To Purchase For Cash Any And All Of Its Outstanding Sovereign Capital Trust VI 7.908% Capital Securities

BOSTON, Oct. 15, 2012 /PRNewswire/ -- Santander Holdings USA, Inc. ("SHUSA"), a wholly owned indirect subsidiary of Banco Santander, S.A., announced today a correction to its press release issued October 3, 2012 entitled "Santander Holdings USA, Inc. Announces Offer to Purchase for Cash Any and All of Its Outstanding Sovereign Capital Trust VI 7.908% Capital Securities."  The press release incorrectly identified the Early Tender Time and Withdrawal Deadline.  The correct time and date for both the Early Tender Time and the Withdrawal Deadline is, in each case and subject to extension, 5:00 p.m. ( New York City time) on October 17, 2012.  The correct time and date for the Early Tender Time and the Withdrawal Deadline were properly identified in the Offer to Purchase and Letter of Transmittal documents relating to the tender offer.

About our companySantander 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 8,700 team members.

Banco Santander S.A. (SAN.SM, SAN.US) 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 15,000 branches – more than any other international bank – and more than 193,000 employees.

Cautionary Statement Regarding Forward-Looking InformationStatements 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.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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