Early Redemption

SANTANDER UK PLC

 (the "Issuer")

EARLY REDEMPTION

GBP 425,000,000 Fifteen Year Step Up Perpetual Callable Subordinated Notes

ISIN: XS0117972967

(the "Notes")

NOTICE HAS BEEN GIVEN to the holders of the above-mentioned Notes that, in accordance with Condition 5(b) (Optional Redemption) thereof, the Issuer will redeem the outstanding Notes in full at their principal amount plus any accrued interest and all Arrears of Interest (if any) on the Interest Payment Date falling on 28 September 2015 (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 Notes on the Official List of the United Kingdom Listing Authority with effect on and from the Redemption Date.

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Dated: 7 September 2015