Santander Announces Current Account Mortgage Exclusives

New Three and Five-year Fixed and Two-year Tracker Products Available to Existing Santander Current Account and Investment Customers

LEICESTER, England, November 26, 2010 - Today, Friday 26 November, Santander is launching three new
remortgage products available exclusively to existing Santander Current
Account (products.santander.co.uk/bankaccounts.html) and Investment
customers:

    - New two-year tracker at 70 per cent LTV for remortgagors, at
    2.30 per cent with GBP995 fee

    - New three-year fixed at 60 per cent LTV for remortgagors, at
    3.59 per cent with GBP995 fee

    - New five-year fixed at 60 per cent LTV for remortgagors, at
    4.24 per cent with GBP495 fee

All of the above products are available exclusively to
existing Santander Current Account customers who have held the account for at
least 3 months and existing Investment customers. All the products come with
our Remortgage Solution which offers a free basic mortgage valuation, and
either free legals or GBP250 cashback on completion.

The Home of UK Mortgages is also reducing its two-year fixed
at 60 per cent LTV Core range product to 2.65 per cent, down 0.04 per cent.
The product has a GBP1,995 fee.

Phil Cliff, Director of Santander Mortgages, said: "As the
'Home of UK Mortgages', we want to ensure we can reward our existing
customers and these additions to our product range certainly do just that,
demonstrating our commitment to offering a range of highly competitive
mortgages (products.santander.co.uk/mortgages.html) to meet our
customers' needs."

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) The Current Account range of mortgages are available to
existing customers who have held their main bank account with Santander
for more than three months. All Investment customers qualify except those
with Cash ISAs only.

About Us

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.

In the UK, Santander was formed out of the Abbey, Bradford &
Bingley and Alliance & Leicester retail networks. It has over 1300 branches,
around 4,500 cash machines and provides a full range of retail and corporate
banking services to 25 million customers.

Santander UK also offer a wide range of insurance
(products.santander.co.uk/insurance.html) products including car,
travel, home and life insurance.

For more information please visit products.santander.co.uk/

Media Enquiries: Nicola Hussey 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 0800 5877708.