Re-investment Price

The Dealing (re-investment) price per share is calculated using a process of averaging, using the Daily Volume Weighted Average Price of trades in shares executed in London. Details of this process are explained in the terms and conditions of the re-investment plan. The Daily Volume Weighted Average Price over the 10 day period leading up to the re-investment is shown, in pence, below.

February 2010

Mon 1st February - 884.75
Tue 2nd February - 923.43
Wed 3rd February - 906.30
Thurs 4th February - 832.07
Fri 5th February - 795.50
Mon 8th February - 815.59
Tue 9th February - 848.19
Wed 10th February - 869.57
Thurs 11th February - 855.07
Fri 12th February - 831.91

Re-investment Price Per Share = £8.56


Historic Re-investment Prices

For the full 10 day Daily Volume Weighted Average Price for any of the below re-investments, please write to shareholders@santander.com to request this information. Please note that the dividend re-investment was suspended in November 2009 due the SCRIP dividend offer.

2009

August 2009 - £8.63

May 2009 - £6.30

February 2009 - £5.29

2008

November 2008 - £6.31

August 2008 - £9.59

May 2008 - £11.10

February 2008 - £8.74

2007

November 2007 - £10.25

August 2007 - £9.22

May 2007 - £9.10

February 2007 - £9.56

2006

November 2006 - £9.19

August 2006 - £7.90

May 2006 - £8.26

February 2006 - £8.19