Sovereign Presenting at KBW Large Cap Bank Conference

Sovereign Bancorp, Inc. (“Sovereign”) (NYSE: SOV), parent company of Sovereign Bank (“Bank”), today announced participation in the upcoming Keefe, Bruyette & Woods 2007 Large Cap Bank Conference, to be held at the Kohler Resort in Kohler, Wisconsin on Monday, August 13, 2007 through Tuesday, August 14, 2007. Mark McCollom, CFO of Sovereign Bancorp, Inc. is scheduled to present from 8:30 a.m. - 9:15 a.m. CST on Tuesday, August 14, 2007.

The event will be webcast by KBW. During the conference, the webcast can be viewed via the KBW website at http://www.kbw.com/news/conferenceLargeCap.html, then click the link for the webcast. All audio and presentations will be archived for 60 days after the event. Additionally, the PowerPoint and webcast link will be posted to Sovereign’s website at http://phx.corporate-ir.net/phoenix.zhtml?c=67999&p=irol-presentations.