Slaughter and May advised Abbey National Treasury Services plc - issue of US$ 2,000,000,000 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$ 2,000,000,000 notes under its SEC registered US shelf facility.

The issue, announced on 14 March 2015, comprises US$ 1,650,000,000 2.500% notes due 2019 and US$ 350,000,000 floating rate notes due 2019.

The notes are guaranteed by Santander UK plc. The joint book-running managers for the issuer were Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Wells Fargo Securities, LLC.