António will formally join Lloyds Banking Group plc in principle on 10 January 2011 and will assume responsibilities as Chief Executive Officer on 1 March 2011.

Lord Burns, Chairman of Santander UK, said: "I would like to thank António for his significant contribution over the last four and half years as Chief Executive. He has been at the heart of the successful turnaround and transformation of the bank under Santander 's ownership. He has built a strong management team at Santander UK and consequently the bank is well-positioned for the future. We wish him well in his new role."

A further announcement will be made in due course concerning the appointment of a new Chief Executive at Santander UK.

For further details, please contact:

Anthony Frost (Head of Corporate Communications)
020 7756 5536