Notice of Early Redemption

NOTICE OF EARLY REDEMPTION

SANTANDER UK PLC

(the "Issuer")

£150,000,000 5.25 per cent. Step-up Subordinated Callable Notes due 2023

(the "Notes")

ISIN: XS0164078791

NOTICE HAS BEEN GIVEN to the Trustee, the Agent and the Noteholders, that, in accordance with Condition 8(c) of the Terms and Conditions of the Notes contained in the Information Memorandum dated 3 May, 2002 and Section 21 of the Pricing Supplement dated 4 March, 2003, the Issuer will redeem all, but not some only, of the outstanding Notes at their principal amount (the "Optional Redemption Amount") together with any accrued interest on 6 March, 2018 (the "Optional 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 the Notes on the London Stock Exchange with effect on and from the Optional Redemption Date.

Santander UK plc Dated: 12 February, 2018