SANTANDER UK PLC — Capital/Financing Update 2016

Jul 4, 2016

2

1. Money Market Covered Bonds: No
2. Do the Covered Bonds have the benefit of remarketing arrangements: No
3. Aggregate Nominal Amount of Covered Bonds admitted to trading:
   (a) Series: €1,0100,000,000
   (b) Tranche: €100,000,000
4. Issue Price: 101.415 per cent. of the aggregate nominal amount of the tranche plus an amount of €298,155.74 in respect of interest accrued from (and including) the Interest Commencement Date to (but excluding) the Issue Date
5. (a) Specified Denominations: €100,000 and integral multiples of €1,000 in excess thereof up to and including €199,000. No Covered Bonds in definitive form will be issued with a denomination above €199,000
   (b) Calculation Amount: €1,000
6. (a) Issue Date: 5 July 2016
   (b) Interest Commencement Date: 18 September 2015
7. (a) Final Maturity Date: 18 September 2019
   (b) Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee: 18 September 2020
8. Interest Basis: 0.375 per cent. Fixed Rate
   (Further particulars specified at 17. below)
9. Redemption/Payment Basis: Redemption at par
10. Change of Interest Basis or Redemption/Payment Basis: From and including the Final Maturity Date to but excluding the Extended Due for Payment Date the following Interest provisions apply:
    Interest Basis: 1 month EUR EURIBOR +