Relational Investors' Activity Related to Sovereign Bancorp, Inc.
Shareholder Value Forum Webcast
11/08/05 On November 8, 2005, Relational Investors invited Sovereign shareholders to attend an open forum. Below please find links to replay the webcast and download Relational Investors' presentation.
    

Quick Reference 

In the News  
Date Title Type
02/14/06 Sovereign Bancorp Law: New shadiness – The Morning Call HTML
02/06/06 New state law is intrusive, opponents say – Philadelphia Business Journal PDF
02/06/06 Investor group urges Pa. veto of Sovereign bill – Reuters PDF
02/03/06 Mr. Sidhu goes to Harrisburg – BreakingViews.com HTML
02/03/06 Pennsylvania Legislature Puts its Thumb on the Scale in the Sovereign-Relational Proxy Contest Board Analyst – The Corporate Library Board Analyst HTML
01/13/06 When this shareholder speaks, CEOs better listen – Associated Press HTML
01/05/06 Shareholders trampled by their Sovereign – BreakingViews.com HTML
01/05/06 Who's Too Busy for the Annual Meeting? – New York Times HTML
12/23/05 Sovereign Sues To Stop Bd Fight, Admits Filing Errors – Dow Jones News HTML
12/13/05 Shareholders' blood is up over Sovereign and Calpine – Financial Times HTML
12/02/05 Sovereign Scales Back Embattled Director's Duties – Dow Jones News HTML
11/24/05 Santander/Sovereign - LEX COLUMN – Financial Times HTML
11/17/05 Investors, Analyst Slam Sovereign Plan – American Banker PDF
11/02/05 Long & Short: Sovereign Bancorp's Takeover Deal, Looks Like a Dis to Shareholders – The Wall Street Journal HTML
08/19/05 Street Talk: Shareholder pas de deux – SNL Financial PDF
08/05/05 Sovereign bows to critics of bonus plan – Market Watch HTML
07/12/05 Pressure on Sovereign Wins Support on Street – American Banker PDF
07/08/05 Investor hits bank over directors' compensation – The Boston Globe HTML
05/26/05 Sovereign Is Facing a Proxy Battle – Wall Street Journal HTML

Press Releases  
Date Title Type
03/22/06 SOVEREIGN BANCORP AND RELATIONAL INVESTORS ANNOUNCE SETTLEMENT OF ALL OUTSTANDING DIFFERENCES;
TWO NEW DIRECTORS TO BE ADDED TO SOVEREIGN BOARD OF DIRECTORS NEW		 PDF
03/02/06 RELATIONAL CHALLENGES PENNSYLVANIA LEGISLATION:
CONSTITUTIONAL MANDATES SIDESTEPPED FOR SOVEREIGN		 HTML
02/03/06 RELATIONAL INVESTORS RESPONDS TO PROPOSED PENNSYLVANIA LEGISLATION HTML
01/12/06 RELATIONAL ANNOUNCES ACTIONS TO ENSURE PROTECTION OF ALL SOVEREIGN SHAREHOLDERS HTML
01/05/06 RELATIONAL AMENDS COUNTERCLAIM TO BLOCK DELAY OF SOVEREIGN'S ANNUAL MEETING
CALLS SOVEREIGN'S MOTIVES TRANSPARENTLY DESTRUCTIVE OF FUNDAMENTAL SHAREHOLDER RIGHTS		 HTML
12/29/05 RELATIONAL SAYS SOVEREIGN PRESS RELEASE AND SIDHU LETTER MISLEADING
SOVEREIGN FAILS TO DISCLOSE BUSINESS TIES AND RECENT PAYMENTS OF MORE THAN $20 MILLION RECEIVED BY EMPLOYER OF AUTHOR OF ARTICLE		 HTML
12/27/05 RELATIONAL SUES SOVEREIGN ON REMOVAL OF DIRECTORS
Demands Sovereign Honor Promised Shareholder Right		 HTML
12/22/05 RELATIONAL WILL SEEK REMOVAL OF ALL SOVEREIGN DIRECTORS
INCREASES OWNERSHIP TO APPROXIMATELY 8%		 HTML
12/20/05 RELATIONAL FILES PETITION WITH SEC REGARDING SOVEREIGN-SANTANDER TRANSACTION
Seeks Determination That NYSE Invalidly Authorized Deal Without Shareholder Vote		 HTML
12/12/05 RELATIONAL SUES SOVEREIGN AND SANTANDER
ALLEGES PENNSYLVANIA LAW OBLIGATES SANTANDER TO PAY “FAIR VALUE” TO ALL SHAREHOLDERS		 HTML
12/09/05 RELATIONAL INVESTORS RESPONDS TO SOVEREIGN DISCLOSURES ADDRESSING DIRECTOR INDEPENDENCE AND ITS RESTRUCTURED TRANSACTION WITH SANTANDER HTML
12/06/05 RELATIONAL ASKS SOVEREIGN TO EXPLAIN DISCREPANCIES BETWEEN PREVIOUS STATEMENTS AND DISCLOSURES IN INDEPENDENCE PROXY HTML
11/17/05 RELATIONAL FILES RESPONSE AND COUNTERCLAIM TO SOVEREIGN’S COMPLAINT
Asks Court To Order Sovereign To Comply With Request To Inspect Books And Records		 HTML
11/10/05 RELATIONAL REQUESTS CLARIFICATION OF MAJOR CONTRADICTION IN SOVEREIGN’S STATEMENTS HTML
11/08/05 RELATIONAL PETITIONS NYSE TO REQUIRE SHAREHOLDER VOTE HTML
11/08/05 RELATIONAL TO WEBCAST SHAREHOLDER FORUM HTML
11/02/05 RELATIONAL RESPONDS TO SIDHU COMMENTS AND NOTES MAJOR CONTRADICTION HTML
10/24/05 RELATIONAL INVESTORS RESPONDS TO SOVEREIGN BANCORP DEALS HTML
10/21/05 RELATIONAL INVESTORS RESPONDS TO SOVEREIGN BANCORP CEO’S STATEMENTS HTML
10/20/05 RELATIONAL INVESTORS SEEKS BOARD SEATS, SETS FORUM TO ADDRESS SHARE PRICE HTML

Certain Relational documents filed with the Securities and Exchange Commission
Date Title
03/3/06 Preliminary Proxy Statement (revised): Form PRRN14A
12/23/05 Relational's Petition to the SEC: Exhibit 99.B of Form SC 13D/A
11/21/05 Shareholder Value Forum Transcript: Exhibit 99.1 of Form DFAN14A
11/10/05 Print Advertisement (Long-Term Liabilities): Exhibit 99.1 of Form DFAN14A
11/09/05 Shareholder Value Forum Presentation: Exhibit 99.2 of Form DFAN14A
11/09/05 Demand for Inspection of Books and Records of Sovereign Bancorp Inc. and Its Subsidiaries:  Exhibit 99.C of Form SC 13D/A
11/09/05 Petition to New York Stock Exchange: Exhibit 99.D of Form SC 13D/A
10/20/05 Books and Records Request: Exhibit 99.D of Form SC 13D/A

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