Abbey International Introduces New 2 Year Fixed Account

New 2 Year Fixed Rate Sterling Account

ST HELIER, Jersey, February 3, 2011 - Complementing its current Moneyfacts listed Best Buy 3 year and 5 year
Fixed Rate Deposit Contracts, Jersey based offshore banking specialists Abbey
International has added a new 2 Year Fixed Deposit Contract (
www.abbeyinternational.com/FixedDepositContracts.asp) to their
portfolio, with a minimum deposit balance of GBP100,000.

Paying a single rate of 3.55% gross/AER guaranteed for the full two year
term, the new account fills a need for those looking to lock into higher
interest rates.

The new account offers two interest payment options, either annually or
upon maturity, with clients required to open or maintain an Abbey
International sterling Call account during the term of the deposit for the
receipt of interest payments. The Call Account requires no notice for making
withdrawals and offers unlimited access to your money, so clients can enjoy
easy access to the interest received.

Commenting on the new account launch, Head of Marketing and
Communications, Jane Matthews said, "We are now able to offer clients a
comprehensive range of deposit options, with guaranteed fixed rates available
over 9, 12 and 18 months and now 2, 3 and 5 years. The new two year Fixed
Deposit Contract pays an attractive 3.55% gross/ AER which compares well with
our existing 3 year Moneyfacts Best Buy** fixed term account paying 3.75%
gross/AER." (**source Moneyfacts.co.uk)

Abbey International (www.abbeyinternational.com/) is part of the
highly regarded Santander Group, which has more than 150 years experience in
banking and has clients all over the world. Santander has an AA credit rating
from Fitch and Aa2 rating from Moody's credit rating agencies.

Notes to Editors:

Abbey International is located in Jersey, a secure,
well-established and politically stable financial centre, which is renowned
internationally for its high standards of regulation. Jersey's unique
constitution and relationship with the British Crown dates back hundreds of
years. This provides for a unique legal and neutral tax system that can
provide significant wealth planning opportunities for the international
investor.

Abbey international has a minimum balance entry requirement of
GBP50,000 (or currency equivalent) across our portfolio of products. The
minimum balance amount can be spread across a range of accounts, subject to
the minimum opening deposit for each account being met.

All deposits carry the full and unconditional guarantee of Santander UK
plc, itself a wholly owned subsidiary of the Santander Group.

Santander has more than 150 years' experience in banking and more
branches worldwide than any other international bank.

About Banco Santander

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and
commercial bank, based in Spain, with presence in 10 main markets. At the
close of June 2010, Santander was the largest bank in the euro zone by market
capitalization and, at the end of 2009, fourth in the world by profit.
Founded in 1857, Santander had EUR 1,365 billion in managed funds. Santander
has more than 90 million customers, 13,671 branches - more than any other
international bank - and 170,000 employees. It is the largest financial group
in Spain and Latin America, with leading positions in the United Kingdom and
Portugal and a broad presence in Europe through its Santander Consumer
Finance arm. In the first half of 2010, Santander registered EUR4,445 million
in net attributable profit.

Santander UK is a full-service retail and commercial bank
providing services to 25 million customers in more than 1,300 branches and
around 4,500 cash machines.

    Media Contacts:
    Guy Stephenson/Jennifer Duffy
    Nacelle Ltd
    +44(0)20-8333-9125
    gstephenson@nacelle.co.uk

    Jane Matthews, Abbey International, Head of Client Experience
    +44(0)1534-828137
    Jane.matthews@abbeyinternational.com

    For further information on banking with Abbey International in
    Jersey call +44(0)1534-828-828 or log onto
    www.abbeyinternational.com

    For media use only and not to be relied on by consumers to make
    financial decisions.

Media Contacts: Guy Stephenson/Jennifer Duffy, Nacelle Ltd, +44(0)20-8333-9125, gstephenson at nacelle.co.uk; Jane Matthews, Abbey International, Head of Client Experience, +44(0)1534-828137, Jane.matthews at abbeyinternational.com; For further information on banking with Abbey International in Jersey call +44(0)1534-828-828 or log onto www.abbeyinternational.com - For media use only and not to be relied on by consumers to make financial decisions.