Sovereign Presenting at Lehman Brothers Conference

Sovereign Bancorp, Inc. (“Sovereign”) (NYSE: SOV - News), parent company of Sovereign Bank (“Bank”), today announced participation in the upcoming Lehman Brothers 5th Annual Financial Services Conference, to be held at the Hilton New York Hotel in New York City on Monday, September 10, 2007 through Wednesday, September 12, 2007. Mark McCollom, CFO of Sovereign Bancorp, Inc. is scheduled to present at 11 a.m. ET on Wednesday, September 12.

The event will be Webcast by Lehman Brothers. During the conference, the Webcast can be viewed on the following link: http://cc.talkpoint.com/LEHM002/091007a_jw/default.asp?entity=SovereignBancorp. The replay will be available within 24 hours of the live presentation and archived for 90 days after the event. Additionally, the PowerPoint and Webcast link will be posted to Sovereign’s Website at http://www.sovereignbank.com, Investor Relations, Financials, Presentations.