Slaughter and May advised Abbey National Treasury Services plc - issue of US$ 1,000,000,000 notes

Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Abbey National Treasury Services plc in relation to the issue of US$ 1,000,000,000 notes under its SEC registered US shelf facility.

The issue, announced on 24 August 2015, comprises US$ 750,000,000 2.000% notes due 2018 and US$ 250,000,000 floating rate notes due 2018.

The notes are guaranteed by Santander UK Plc. The joint book-running managers for the issuer were Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Santander Investment Securities Inc. and Wells Fargo Securities, LLC.

Chris Armstrong Associate