RNS No 0209h
POPULAR FINANCE (CAYMEN) LIMITED
POPULAR CAPITAL (CAYMAN) LIMITED


                                DOCUMENT RE:
                        POPULAR FINANCE (CAYMAN) LIMITED
                        POPULAR CAPITAL (CAYMAN) LIMITED
                             U.S.$2,000,000,000
                       EURO MEDIUM TERM NOTE PROGRAMME
                              GUARANTEED BY
                          BANCO POPULAR ESPANOL S.A.

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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