Abbey National PLC
RE: ABBEY NATIONAL TREASURY SERVICES PLC
    JPY 40,000,000,000.00
    MATURING: 04-Nov-2005
    ISSUE DATE: 04-Nov-2003
    ISIN: XS0179157549

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
04-Nov-2003 TO 04-Feb-2004 HAS BEEN FIXED AT 0.056250 PCT

INTEREST PAYABLE VALUE 04-Feb-2004 WILL AMOUNT TO:
JPY 144.00 PER JPY 1,000,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881