New Fixed Rate 5 Year Account Offers 4.5%Gross/AER From Abbey International

ST HELIER, Jersey, April 9, 2010 - A new sterling 5-Year Fixed Rate Saver account offering 4.50% gross/AER
has been launched by Jersey based Abbey International. The account is aimed
exclusively at new and existing Premium Banking clients. Premium Banking from
Abbey International is an enhanced service suitable for those clients
requiring a more personalised service from their offshore bank, with
preferential early access to selected products and services and preferential
interest rates on qualifying products.

The Premium Banking service is built around the core of Abbey
International's Gold account, a multi currency, internet enabled current
account which offers a range of benefits including Visa Infinite deferred
debit cards and Monthly Offshore Saver, a high interest regular savings
account.

A second version of the 5-Year Fixed Rate Saver account paying an
attractive 4.00% gross/AER is also available for clients who have not signed
up for Premium Banking which is linked to an Abbey International Call
account, again offering multi currency banking facilities and internet
access.

In both cases, a minimum deposit of GBP50,000 is required to open the
account, with no additional deposits or withdrawals permitted during the five
year term, although additional accounts can be opened to accommodate further
deposits, if the account is still available. Interest is paid annually on the
anniversary date of the account opening and either transferred to a Gold or
Call account, depending upon which option the client has selected.

Commenting on the new account, Head of Client Experience Jane Matthews
said, "This new account offers our clients a known and stable rate of return
for the next five years and complements our other shorter term fixed rate
savings accounts, such as our 18 month account. As a part of our Premium
Banking services, clients can expect a more personalised service, ideally
suited to the demanding lifestyle many of our clients may have."

Abbey International is part of the Global Division of Santander Private
banking. The Santander Group has more than 150 years experience in banking,
with clients all over the world.

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 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 1,271 billion in managed funds at the end of 2008. Following the
acquisition of Sovereign Bancorp. of the U.S. in January 2009, Santander had
90 million customers, around 14,000 branches - more than any other
international bank - and over 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 2009, Santander registered
EUR4,519 million in net attributable profit.

In the UK, Santander operates two retail businesses -
Santander, which was formed out of the Abbey and Bradford & Bingley retail
network, and Alliance & Leicester. Together they have over 1300 branches,
around 4,500 cash machines and they provide a full range of retail and
corporate banking services to 25 million customers.

Alliance & Leicester will become known as Santander by the end of 2010.

    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