Abbey National PLC

RE: ABBEY NATIONAL TREASURY SERVICES PLC
    ITL 25,000,000,000.00
    MATURING: 29-Jan-2007
    ISSUE DATE: 29-Jan-1997
    ISIN: XS0073212010

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31-Jan-2005 TO 29-Jly-2005 HAS BEEN FIXED AT 14.644740 PCT

INTEREST PAYABLE VALUE 29-Jly-2005 WILL AMOUNT TO:
ITL 728,169.00 PER ITL 10,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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