Santander UK Board Change

Santander UK today announced that subject to regulatory approval Nathan Bostock will be appointed as Chief Risk Officer and Deputy CEO to Ana Botín and will join the Board of Santander UK as an Executive Director.

Nathan spent eight years at Santander UK and its predecessor company Abbey National plc in a variety of roles including as Board Director, CFO, Head of Products and Marketing, and Head of Financial Markets. He has most recently served as Group Finance Director (and previously as Head of Restructuring & Risk) at RBS Group.

Ana Botín said, "I am very pleased to announce that Nathan Bostock is returning to Santander as Chief Risk Officer and Deputy CEO. Nathan is a very experienced banker and I know I speak for my colleagues on the Board and throughout the UK when I say how pleased we are to welcome him back to Santander.

"After the past three years as Chief Risk Officer and Executive Director, during which time he has successfully led our work to build a world-class risk management team, Jose Maria Nus is returning to Spain to a senior role at our parent company where he is a senior executive vice-president. I want to thank Jose Maria for his dedication and invaluable counsel during this important time.

"Santander UK has made enormous progress over the past three years. We continue to deliver ahead of our strategic plans and our recent successes include reaching 2.2 million loyal and satisfied customers in our 123 World; being identified as the first choice for customers who wish to switch banks, with 12 percent of all account switchers coming to us*; achieving the highest satisfaction rates for our 123 account among current account holders at the major banks*; and through a strong commitment to supporting UK companies we have increased our market share for SME lending from 3.6% to 5.7% ."

Notes:

1. TNS Current Account Switching Index, November 2013

2. MoneySavingExpert.com Current Account Satisfaction Survey, August 2013

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