Preference Share Redemption

RNS Number:3771N
Abbey National PLC
09 July 2003


ABBEY NATIONAL PLC
CUSIP # 002920205
ANBRPA



Confirmation of Redemption to Holders of
8,000,000 American Depositary Shares, Series A
each representing one Non-Cumulative Dollar-Denominated Preference Share, 
Series A



Abbey National plc hereby confirms that it has given notice in accordance with
the terms of its Non-Cumulative Dollar Denominated Preference Shares, Series A
that on July 22, 2003 (the "Redemption Date") it will redeem all outstanding
Dollar-Denominated Preference Shares, Series A, at the redemption price of US
$25.70 per American Depositary Share ("ADS") and accrued pro rata dividends
payable per ADS from the date of the last dividend payment July 6, 2003 to July
22, 2003 of US $0.0875 per ADS.





Contacts


In relation to Preference Shares:


Ron Friend        (Head of Legal and Documentation)       001 44 20 7756 4737


For general enquiries in relation to Abbey National plc:


Jon Burgess      (Head of Investor Relations)             001 44 20 7756 4182




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