Common use of ALTERNATIVE PERFORMANCE MEASURES Clause in Contracts

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 236 to 238 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 2018 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 254 and 307 255 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 2017 and pages 19 and 20 72 to 74 (inclusive) of Santander UK Group Holdings’ Quarterly Management Statement Half Yearly Financial Report as at and for the six months ended 30 June 2017 2018 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 199 to 202 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 2021 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 191 to 194 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 2020 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at pages 306 and 307 169 to 171 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 2019 (both incorporated by reference).

ALTERNATIVE PERFORMANCE MEASURES. Certain alternative performance measures (“APMs”) are included or referred to in this Prospectus (including in the documents incorporated by reference). APMs are non-IFRS measures used to supplement disclosures prepared in accordance with other applicable regulations such as IFRS. Santander UK Group Holdings considers that these APMs provide useful information to enhance the understanding of financial performance. The APMs should be viewed as complementary to, rather than a substitute for, the figures determined according to other regulatory measures. An explanation of each such APM’s components and calculation method can be found at on pages 306 and 307 168 to 169 of the Annual Report of Santander UK Group Holdings for the year ended 31 December 2016 and pages 19 and 20 of Santander UK Group Holdings’ Quarterly Management Statement for the six months ended 30 June 2017 2023 (both incorporated by reference).