Abbey Launches Another Best-Buy Mortgage

New Abbey Best-Buy Deal at 3.69 Per Cent

LEICESTER, England, November 18 - From today, borrowers will be able to benefit from even lower mortgage
rates as Abbey adds another best-buy deal to its already competitive mortgage
range.

The new 2-year fixed rate at 3.69 per cent with a GBP799 fee for purchase
and remortgage is available for a maximum LTV of 70 per cent through both
Abbey and Alliance & Leicester branches and via the telephone.

Last week, Abbey launched a range of 'no booking fees' deals for existing
current account customers(1), saving up to GBP995. The new deals include a
market-leading 90 per cent LTV 3-year fix at 5.99 per cent and a 2-year fix
75 per cent LTV at 3.89 per cent, both with no fees.

Other best-buys in the current range include a 2-year tracker at 2.69 per
cent with a 70 per cent LTV and GBP995 fee and a fee-free 2-year fixed rate
at 4.39 per cent with a 75 per cent LTV.

Nici Audhlam-Gardiner, Director of Mortgages at Abbey said: "We continue
to offer our customers compelling deals on both fixed and tracker rates.
Throughout 2009, we have remained strong in the mortgage market and achieved
an estimated 20.5 per cent gross market share in the third quarter of 2009."

For more information on Abbey Mortgages, log on to our
website, telephone +44(0)800-389-9890 or visit your local Abbey or Alliance &
Leicester branch.

The information contained in our press releases is intended solely for
journalists and should not be used by consumers to make financial decisions.

Notes to Editors:

(1) This mortgage is available to existing customers who have held their
main bank account with Abbey for more than six months

About Us

Santander (SAN.MC, STD.N) is a retail and commercial bank, based in
Spain, with operations in more than 40 countries. At the end of 2008,
Santander was the largest bank in the euro zone by market capitalization and
third in the world by profit. Founded in 1857, Santander had EUR 1,168
billion in managed funds at the end of 2008. Following the acquisition of
Sovereign Bancorp of the U.S. in January 2009, Santander has 90 million
customers, more than 14,000 branches - more than any other international bank
- and over 180,000 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
2008, Santander registered EUR 8,876 million in net attributable profit, an
increase of 9 per cent from the previous year excluding capital gains.

In the UK, Santander operates three retail businesses - Abbey,
Alliance & Leicester who provide competitive mortgages (
www.alliance-leicester.co.uk/mortgages/index.aspx) and savings
(www.alliance-leicester.co.uk/savings/index.aspx) products, and
Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash
machines and they provide a full range of retail and corporate banking
services to 24 million customers.

Abbey, Alliance & Leicester and the savings business of Bradford &
Bingley will all become known as Santander by the end of 2010. Abbey and the
savings business of Bradford & Bingley will be rebranded from the first
quarter of 2010 and Alliance & Leicester will follow later in the year. The
move will deliver a significant advantage for customers as they will be able
to use any of 1,000 Santander branches from early 2010, rising to over 1,300
by the end of 2010. For more information visit www.santander.co.uk.

The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and
is used under licence.

Media Enquiries: Lara Lipsey Tel: +44(0)20-7756-4209, Siobhan O'Shea Tel: +44(0)20-7756-4189. The press office operates from 8.00am to 6.00pm. Outside of
these hours please call +44(0)800-5877708.