BANKINTER, SA

Hecho Relevante #99878 - 06/11/2008 18:10

Numeric Investors LLC comunica posición corta.

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                                                                                            470 Atlantic Avenue, 6th Floor
            liniteà    tiabitity    t0t2pany                                                      Boston, MA 02210 USA
                                                                                                     ohone: 61 7.897.7800
                                                                                                         fax: 617.897.7899




                November 6, 2008



                Via E-mail

                D. Ángel Benito Benito, Director General
                General Markets Directorate
                Comisión Nacional del Mercado de Valores
                MiguelÁngel, L1
                28010 Madrid
               Spain



                Re:     Disclosure of Short Position in Listed lssuer, per Agreement of the Executive
                        Committee of the CNMV of Septemb er 22,2008 (the "Agreement")

                Dear Sirs:

               As required pursuant to the Agreement referred to above, we hereby notify you of
               changes to our previously disclosed holding, for the benefit of our clients, of a short
               position of the listed stock of Bankinter SA (lSlN ES0113679137, SEDOL 5474OO8').

                       Date                    Entity Making                         Net Position
                                               Disclosure                 Number of             Percentage
                                                                          Securities            of Listed
                                                                                                Capital
                       Initial                 Numeric lnvestors       -l_,151,L00                -.28%
                       Disclosure              LLC (Boston,
                       September               Massachusetts,
                       24,2008                 usA)
                       Trade date              Numeric lnvestors       -t,LLz,7OO                -.27%
                       October                 LLC (Boston,
                       13, 2008                Massachusetts,
                                               USA)
                       Trade date              Numeric lnvestors       -L,to2,ooo                -.27%
                       October                 LLC (Boston,
                       23,2008                 Massachusetts,
                                               usA)
        Trade date          Numeric Investors         -L,02L,8O0               -.25o/o
        October             LLC (Boston,
        3L,2008             Massachusetts,
                            usA)
        Trade date          Numeric Investors         -   870,700              -.21%
        November            LLC (Boston,
        4,2008              Massachusetts,
                            USA)


As a result of these transactions, the reported position is now below the .25% threshold
and no further reporting is required with regard to this position.

Sincerely,



             l^ M
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  1!r,
Steven M. Smith
Chief Legal Officer


Fuente: CNMV

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