RNS Number:1987B
Abbey National PLC
26 July 2004

Abbey National plc ("Abbey")                                        26 July 2004

Further to its announcement on Friday 23rd July, 2004, Abbey National plc
confirms that it has reached agreement with Banco Santander on the terms of a
recommended cash and shares offer to be made for the whole of its ordinary share
capital.

A full announcement of the terms and conditions of the offer will be made later
today.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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