Abbey National PLC

As Agent Bank, please be advised of the following rate determined on: Abbey National Plc

Issue               : Abbey National Plc
                      EUR 500,000,000 FRN Due 28 Jun 2012
ISIN Number         : XSO150394426
Issue Nomin     EUR : 500,000,000.00
Period              : 29-Sep-2003 to 29-Dec-2003          Payment Date 29-Dec-2003 
Number of Days      : 91
Rate                : 2.583
Denomination    EU  : 1,000.00

Amount Payable 
per Denomination    : 6.53

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438