Notice to Holders of Early Redemption

NOTICE TO HOLDERS OF EARLY REDEMPTION

SANTANDER UK PLC

(formerly, Alliance & Leicester plc)

 (the "Issuer")

EARLY REDEMPTION

£300,000,000 5.827 per cent. Step-Up Callable Perpetual Preferred Securities

ISIN: XS0188550114

(the "Preferred Securities")

NOTICE HAS BEEN GIVEN to the holders of the above-mentioned Preferred Securities that, in accordance with Condition 7(b) (Bank's Call Option) thereof, the Issuer will redeem the outstanding Preferred Securities in full at their principal amount together with any Outstanding Payments on the First Reset Date falling on 22 March 2016 (the "Redemption Date"), having obtained the consent of the Prudential Regulation Authority for such redemption. The Issuer will also request the cancellation of the listing of such Preferred Securities on the Official List of the United Kingdom Listing Authority following the Redemption Date.

For further information, please contact:

Dated: 12 February 2016