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Santander Banespa Selects IBM Mainframe to Increase Transaction Capacity and Speed

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SÃO PAULO, Brazil - 16 Oct 2006: Santander Banespa today announced that it has selected a pair of IBM (NYSE: IBM) System z9 mainframes to increase its processing capacity, transaction speed and information integrity assurance. The investment amounted to approximately $21 million USD.

The bank's main computer system executes approximately 80 million transactions per day -- equivalent to four thousand transactions per second. This includes all customer transactions at the bank's branches, as well as via self-service terminals, the Internet and telephone.

"The new mainframes will support the pace of the bank's business growth. We always seek the best IT resources in the marketplace in order to offer high-quality services to our customers," said Patrício Melo, chief technology officer, Santander Banespa.

"With this new infrastructure, the Bank demonstrates its confidence in the IBM mainframe, the world's most sophisticated business computer," said Alexandre Cardoso, IBM client executive. "This technology will help allow Santander Banespa to improve the services they provide to their clients."

The IBM mainframe is designed for a world that generates vast amounts of data and transactions each day from many different sources, including both heterogeneous and homogeneous networks. The technical attributes of System z9 provide a base from which to build composite applications, leveraging Service Oriented Architectures. For example, by combining key existing core transactions with newly written transactions, a business can quickly compose a new application, benefiting from the use of existing assets and new technology.

In addition, the processors, subsystems and software contained in the System z9 possess the advanced security features resulting from the experience that comes from more than 40 years of mainframe innovation.

About Santander Banespa

Santander Banespa, comprising banks Santander Brazil, Santander S/A, Santander Meridional and Banespa, has total assets for R$ 90.2 billion, captured funds for R$ 95.3 billion, including managed services -- R$ 30.2 billion in deposits and R$ 36.7 in investment funds -- and 6.9 million customers. With a network of almost two thousand points of sale including branches and service locations, it is Brazil's fourth largest private bank in terms of assets and the number one foreign bank.

Grupo Santander in the World

Santander (SAN.MC, STD.N) is the number one financial group in European countries operating with Euro in terms of market capitalization, and one of the leading financial groups in the world. Founded in 1857, it has EUR 818 billion in assets, manages EUR 976 billions in funds, has more than 67 million customers, 10.3 thousand branches, and is present in 40 countries. It is the main financial group in Spain and Latin America, and conducts a major business activity in Europe, achieving an outstanding presence in the UK -- through Abbey National -- and in Portugal. The Group is a leader in consumer financing in Europe through Santander Consumer, with a presence in Germany, Italy, Spain and an additional nine European countries. In the first half of this year, Santander recorded liquid profits of EUR 3.21 billion, i.e. 26% growth compared to the previous year.

In Latin America, the Santander Group is the leading bank brand, with business volumes of approximately US$ 200 billion -- including loans, deposits and investment and pension funds -- and a network of 4.2 thousand branches. In the first half of 2006, Santander recorded liquid profits of US$ 1.4 billion in the region, 21% higher than the same period of 2005.

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Bruce McConnel
IBM Media Relations