Redemption Notice

13 May 2008 08:16



ABBEY NATIONAL PLC

CUSIP: 00279RAC8 / 002920AB2

ISIN: US002920AB26

Confirmation of Redemption to Holders of$500,000,000 6.70% Perpetual Subordinated Reset Capital Securities 

Abbey National plc hereby confirms that it has given notice in accordance with the terms of its $500,000,000 6.70% Perpetual Subordinated Reset Capital Securities that on June 16, 2008 it will redeem all of its outstanding $500,000,000 6.70% Perpetual Subordinated Reset Capital Securities at a redemption price equal to 100% of the principal amount thereof, together with accrued interest thereon to, but excluding, June 15, 2008. 

Dated: May 13, 2008

Contacts

Jo Wainwright (Abbey Legal)

+ 44 207 756 4723