TIDMSAN

RNS Number : 6567I

Santander UK Plc

02 April 2020

Companies Act 2006

Resolutions of

SANTANDER UK PLC

(the "Company")

At the ANNUAL GENERAL MEETING OF THE COMPANY, duly convened and held via videoconference, at 10:00 a.m. on 2 April 2020, at 2 Triton Square, Regent's Place, London, NW1 3AN, the following resolutions were duly passed.

Resolutions 21 and 22 were passed as Special Resolutions:

"Special Resolutions

21. THAT the Company be authorised, without conditions, to buy back its own 85/8% preference shares. The following terms apply:

   (a)        The Company may buy back up to 125,000,000 85/8% preference shares;

(b) The lowest price which the Company can pay for 85/8% preference shares is 75% of the average of the market values of the preference shares for five business days before the purchase is made; and

(c) The highest price (not including expenses) which the Company can pay for each 85/8% preference share is 125% of the average of the market values of the preference shares for five business days before the purchase is made.

This authority shall begin on the date of the passing of this resolution and end on the conclusion of the next Annual General Meeting of the Company. The Company may agree, before this authorisation ends, to buy back its own 85/8% preference shares even though the purchase may be completed after this authorisation ends.

22. THAT the Company be authorised, without conditions, to buy back its own 103/8% preference shares. The following terms apply:

   (a)          The Company may buy up to 200,000,000 103/8% preference shares;

(b) The lowest price which the Company can pay for 103/8% preference shares is 75% of the average of the market values of the preference shares for five business days before the purchase is made; and

(c) The highest price (not including expenses) which the Company can pay for each 103/8% preference share is 125% of the average of the market values of the preference shares for five business days before the purchase is made.

This authority shall begin on the date of the passing of this resolution and end on the conclusion of the next Annual General Meeting of the Company. The Company may agree, before this authorisation ends, to buy back its own 103/8% preference shares even though the purchase may be completed after this authorisation ends."

END

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April 02, 2020 13:22 ET (17:22 GMT)

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