date: Wed, 19 Nov 2008 09:06:55 -0000 from: "Carey, Gerald" subject: Re Banco Santander to: "Keith Briffa" Dear Keith, You have a holding of 347 Banco Santander in your portfolio.The bank is currently holding a rights issue which I do not advise taking up because of the great uncertainty which still affects all banks.If the rights are lapsed,under the terms of the offer,no proceeds will be paid.However,I am able to sell the rights in the market.The current price is 24p.The proceeds would be small at about £83.We would not make any charges.Rather ridiculously,the timetable for the offer is very short and I need your instruction more or less immediately. Your sister also has 347 shares and my advice for her is the same.Should I try and contact her or do you feel she will be happy for me just to act ? Kind Regards. Gerald. Gerald Carey Divisional Director-Private Clients Tel:0845 213 3288 Fax:0845 213 3627 e mail:gerald.carey@brewin.co.uk This e-mail message, and any attachment, are intended only for and are confidential to the addressee. Any views expressed in this e-mail message or in any attachment are solely those of the individual sender, except where the sender specifically states them to be the views of Brewin Dolphin Holdings Plc or Brewin Dolphin Limited. If you are neither the addressee, nor an authorised recipient from the addressee, please notify us of receipt, delete this message from your computer system, and do not use, copy or disseminate the information in or attached to it in any way. We do not accept liability to any person other than the intended addressee who acts or refrains from acting on any information in this e-mail message or any attachment. Though our e-mail messages are checked for viruses, we do not accept liability for any viruses which may be transmitted by, through, with or in this e-mail message. Recipients are expected to take their own steps to ensure that e-mail messages are checked for, and free from, viruses. Brewin Dolphin Holdings Plc, registered office at 12 Smithfield Street, London, EC1A 9BD, registered in England and Wales Company No. 2685806, is the parent company of Brewin Dolphin Limited. Brewin Dolphin Limited is a member of the London Stock Exchange, authorised and regulated by The Financial Services Authority No. 124444, regulated under the Financial Service (Jersey) Law 1998 by the Jersey Financial Services Commission for the conduct of business in Jersey, and regulated in Guernsey by the Guernsey Financial Services Commission for the provision of investment business, registered office at 12 Smithfield Street, London, EC1A 9BD, registered in England and Wales Company No. 2135876. VAT No. GB-609 8994 69. 19/11/200809:06:57