New US Dollar and Euro Offers From Abbey International

Earn 2.00% AER* Fixed on a Limited Offer US Dollar 12 Month Fixed Deposit Contract.

ST HELIER, Jersey, May 12, 2010 - Abbey International (www.abbeyinternational.com/) has launched two
new US Dollar and Euro deposit services (
www.abbeyinternational.com/internationalbankingservices.asp) to create
a broad based combination of account options. The new packages offer
competitive 12 month Fixed Deposit Contracts, easy access to funds via the
Abbey International Gold account (www.abbeyinternational.com/gold.asp)
and the exclusive benefits of a Visa Infinite card. Preferential foreign
exchange rates are also included.

With the US Dollar international banking service
(www.abbeyinternational.com/internationalbankingservices.asp), clients
earn 2.00% AER* fixed on a limited offer US Dollar 12 month Fixed Deposit
Contract. The minimum opening balance is $150,000, with clients required to
introduce funds which are new to Abbey International. Clients will also
receive 0.25% AER*variable on their Gold account, with this rate tracking the
US Federal Reserve Rate for 12 months. The minimum opening balance is
$200,000.

The Euro international banking service
(www.abbeyinternational.com/internationalbankingservices.asp) offers
clients 2.40% AER* fixed on a limited offer Euro 12 month Fixed Deposit
Contract. The minimum opening balance is EUR100,000, with clients again
required to introduce funds which are new to Abbey International. Clients
will also receive 1.00% AER* variable on their Gold account, with the
interest rate tracking the European Central Bank Repo Rate for 12 months. The
minimum balance is EUR150,000.

Clients will additionally be eligible for a year's free subscription to
the recently launched Abbey International Visa Infinite card
(www.abbeyinternational.com/VisaInfiniteCard.asp). Introduced
following a period of careful planning and research into the real needs of
the international traveller, Visa Infinite cards set new standards in the
provision of concierge and lifestyle benefits. The Abbey International Visa
Infinite deferred debit card also provides a comprehensive range of free
medical and travel insurance benefits.

Commenting on the new range of offers, Head of Client Experience Jane
Matthews said, "Our Gold account is designed to meet the multiple currency
banking needs of international clients everywhere. Our Visa Infinite card
enhances this banking offer with a comprehensive range of lifestyle,
concierge and insurance benefits, designed to exceed the most demanding
clients' expectations. With this new bundle of offers which are all designed
to work together, clients can benefit from enhanced interest rates on their
fixed term deposits and Gold account holdings, whilst gaining free access to
the comprehensive range of benefits available with the Abbey International
Visa Infinite deferred debit card."

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.

** AER stands for Annual Equivalent Rate and illustrates what the rate
would be if interest was paid and added each year.

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

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