Abbey International Lifts 12 Month US $ Rates and Reduces Sterling Minimum Balances

12 & 18 Month Sterling Fixed Rate Minimum Balance Reduced to GBP50,000

ST HELIER, Jersey, February 8, 2011 - Abbey International (www.abbeyinternational.com/), the Jersey
based offshore bank has reduced the minimum balance requirement on its 12 and
18 month Fixed Deposit Contracts (
www.abbeyinternational.com/FixedDepositSavings.asp) to GBP50,000,
making these popular accounts significantly more accessible to a wider
audience of offshore clients. Currently, a fixed rate of 3.10% gross/AER is
offered over 18 months, with 3.00%gross/AER payable over 12 months and 2.00%
gross/AER over 9 months. Abbey International has also recently launched a 2
Year Fixed Deposit Contract paying 3.55% gross/AER, which complements its
Best Buy 3 Year and 5 Year Best Buy accounts.

At the same time, interest rates on the bank's 12 month US dollar Fixed
Deposit Contract (
www.abbeyinternational.com/EuroAndUsDollar12MonthasFixed.asp) were
increased to 2.30% gross/AER. The US dollar Fixed Deposit Contract can be
opened with a minimum balance of $150,000. Abbey International also offers a
Euro 12 month Fixed Deposit Contract paying 2.60% gross/AER with a minimum
balance of EUR100,000.

Abbey International 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.

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.

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

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