Alliance & Leicester plc http://www.alacrastore.com/company-snapshot/Alliance_Leicester_plc-1025539 Monday, October 06, 2008 1:31:03 PM 1025539 Alliance & Leicester plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/404306_report_framefitch/404306_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Alliance & Leicester plc803599299/24/2008 2:14:00 PM01010100165Credit UpdateAL404306_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/404310_report_framefitch/404310_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Alliance & Leicester plc803599299/24/2008 2:14:00 PM01010100425Full Rating ReportAL404310_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/hmsc/3407-pdfhmsc/3407-pdfnormHemscott Company Fact Sheets provide business details, share data, valuation metrics, key statistics and dates, progress reports, major shareholders, directors, regulatory news, as well as five-year price charts, trading records and forecasts. 3407Alliance & Leicester PLCAlliance & Leicester PLC9/17/2008 7:13:00 PM3407-pdfAL.165224.00Alliance & Leicester PLC: Company Facts Reportfacts3407-pdfCompany Profiles & FinancialsHemscott Company Reportshttp://www.alacrastore.com/storecontent/hmsc/3407-xlshmsc/3407-xlsnorm3407Alliance & Leicester PLCAlliance & Leicester PLC9/17/2008 7:13:00 PMAL.165139.00Alliance & Leicester PLC: Company Insight Reportinsight3407-xlsCompany Profiles & FinancialsHemscott Company Reportshttp://www.alacrastore.com/storecontent/ccbn/B1906562ccbn/B1906562norm...On ##/##/##, AL.L Board recommended an offer from Banco Santander for the entire share capital of the group.... 8/1/2008 1:06:00 PMAlliance & Leicester54.0000EditedInterim 2008 Alliance & Leicester Earnings Presentations SummaryAL.L9:30am UKTBriefB1906562Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1906562ccbn/T1906562norm... - Alliance & Leicester - Group Chief Executive Well, good morning, everyone, and welcome to this presentation of Alliance & Leicester's interim results for the first half of ####. As usual we're joined this morning by a number of our non-executive directors, and they'll be pleased to speak to you afterwards, although our acting Chairman, Roy Brown who, I have to say, has done a tremendous job since having to set up in such sad circumstances, has not yet perfected the art of being in two places at once, and cannot be with us due to a prior appointment at the other company he chairs. As you're all aware, on the July ## the Alliance & Leicester Board recommended an offer from Banco Santander for the entire share capital of the Group. It is expected that the scheme documents will be posted to shareholders during August, and subject to shareholder and regulatory approval, we expect that the scheme will become effective in or around October. As we are now in an offer period, I'm sure you will... 8/1/2008 9:07:00 AMAlliance & Leicester54.0000FinalInterim 2008 Alliance & Leicester Earnings Presentations TranscriptAL.L9:30am UKTTranscriptT1906562Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/393886_report_framefitch/393886_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Alliance & Leicester plc803599297/23/2008 10:14:00 AM0101010001010700165Credit UpdateAL393886_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/bir/480527bir/480527normAlliance and Leicester PLCUnited KingdomFinance: The group comprises three principal business sectors: mortgage lending and investments including general insurance, life assurance and unit trusts; personal banking; commercial banking.61626021631163715222925221105241135251109HMAL7/19/2008 6:14:12 AM480527Company Profiles & FinancialsGale Company ProfilesUK - Banco Santander SA (BC) of Spain agreed to launch a tender offer to acquire the entire ordinary share capital of Alliance & Leicester PLC (AL), a Leicester-based bank, in a stock swap transaction valued at #.### bil British pounds (#.### bil euros/$#.### bil US), via a scheme of arrangement. BC offered #.### new ordinary shares per AL share. Based on BC's closing stock price of #.### pounds (##.## euros/$##.###) on July ##, the last full trading day prior to the announcement, each AL share was valued at # pounds (#.## euros/$#.###). BC received irrevocable undertakings to accept the offer with respect to #.##% of the company's ordinary share capital. The offer was conditioned upon at least ##% of shares being tendered. Upon effectivity of the scheme, BC was to exercise its rights to compulsorily acquire all remaining shares not tendered pursuant to the offer and apply for the delisting of AL shares from the London Stock Exchange. The transaction was subject to regulatory and shareholders approvals.7/15/2008 12:52:46 PM05964H01856E05964H01856EBanco Santander SAAlliance & Leicester PLCBanco Santander SAAlliance & Leicester PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Banco_Santander_SA_acquires_Alliance_Leicester_PLC-1995530040sdc/19955300401995530040Copyright © 2008, Thomson Financial, All Rights ReservedMadridCommercial Banks, Bank Holding CompaniesSpainBanks6000FFForeignPublicSAN6000:Banks6141:Personal credit institutions6153:Short-term business credit institutions6162:Mortgage bankers and loan correspondents6282:Investment advice6289:Security and commodity services, nec6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6712:Offices of bank holding companies6000:Banks6141:Personal credit institutions6153:Short-term business credit institutions6162:Mortgage bankers and loan correspondents6282:Investment advice6289:Security and commodity services, nec6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6712:Offices of bank holding companiesLondonCommercial Banks, Bank Holding CompaniesUnited KingdomBanks6000FFForeignPublicAL557004Bank (foreign)Pvd bkg,finl svcsNewly Issued Ord ShOrdinary Share157002Jul 15 20088.101000.000001033.566001033.566001369.217000.000001409.535000.000003407.353000.9710037.39500792.851001.18000546.97200792.851009644.10400120221.41400156802.39600EUR31 Mar 080.0000013663.350000.00000105048.974001383452.56000EURO31 Dec 0731 Dec 0731 Dec 0631 Dec 0531 Dec 0431 Dec 031.986001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.0000034.0000035.0000036.0000037.0000038.0000039.0000040.00000Banco Santander SA,headquartered in Santander,Spain, provides financialservices to individuals,companies, and institutions.The company's products for theindividual customers includebanking, investmentmanagement, and mortgage. Italso offers private bankingservices like tax planning andinvestment advice. Santanderoffers a range of corporateservices in the areas offinancing, management offinancial risks, mergers &acquisitions, stock marketflotations, analysis,securities depository,treasury management andcustody services. Santanderoperates in three geographicalareas. The majority of itsoperations are in ContinentalEurope, where the maininstitutions are Santander,Banesto, Banif, SantanderConsumer Finance and SantanderTotta. The company alsooperates in the United Kingdomwhere its Abbey subsidiary islocated. In Latin America,Santander's principalbusinesses are in Brazil,Mexico, Chile, Argentina,Puerto Rico, Venezuela andColombia. Banco Santander wasestablished on May 15, 1857via a royal decree signed byQueen Isabel II.Banco Santander SA, headquartered in Santander, Spain,provides financial services to individuals, companies, andinstitutions. The company's products for the individualcustomers include banking, investment management, andmortgage. It also offers private banking services like taxplanning and investment advice. Santander offers a range ofcorporate services in the areas of financing, management offinancial risks, mergers & acquisitions, stock marketflotations, analysis, securities depository, treasurymanagement and custody services. Santander operates in threegeographical areas. The majority of its operations are inContinental Europe, where the main institutions areSantander, Banesto, Banif, Santander Consumer Finance andSantander Totta. The company also operates in the UnitedKingdom where its Abbey subsidiary is located. In LatinAmerica, Santander's principal businesses are in Brazil,Mexico, Chile, Argentina, Puerto Rico, Venezuela andColombia. Banco Santander was established on May 15, 1857via a royal decree signed by Queen Isabel II.Banco Santander SA, headquartered in Santander, Spain, provides financial services to individuals, companies, and institutions. The company's products for the individual customers include banking, investment management, and mortgage. It also offers private banking services like tax planning and investment advice. Santander offers a range of corporate services in the areas of financing, management of financial risks, mergers & acquisitions, stock market flotations, analysis, securities depository, treasury management and custody services. Santander operates in three geographical areas. The majority of its operations are in Continental Europe, where the main institutions are Santander, Banesto, Banif, Santander Consumer Finance and Santander Totta. The company also operates in the United Kingdom where its Abbey subsidiary is located. In Latin America, Santander's principal businesses are in Brazil, Mexico, Chile, Argentina, Puerto Rico, Venezuela and Colombia. Banco Santander was established on May 15, 1857 via a royal decree signed by Queen Isabel II.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.0000034.0000035.0000036.0000037.0000038.00000Alliance & Leicester PLC,headquartered in Leicester,UK, provides banking andfinancial services to businessand public sector customers.It operates under two sectorsnamely, retail banking andcommercial banking. Retailbanking covers a range ofservices to personalcustomers, focusing on theprovision of mortgages, retailsavings, current accounts andpersonal loans. It alsoprovides Legal and Generallife assurance and long-terminvestment products.Commercial banking providesservices for commercialcustomers and is focused onfour core product lines. Itscommercial lending operationprovides finance for both newand existing businesscustomers. Business bankingprovides services for mediumand small businesses includingtelephone and Internetbanking. Cash businessprovides cash handling forretailers and othercorporations, and cash salesto the Post Office and toother financial institutions.Treasury manages the companysliquidity, funding and hedgingrequirements. It was foundedin 1985.Alliance & Leicester PLC, headquartered in Leicester, UK,provides banking and financial services to business andpublic sector customers. It operates under two sectorsnamely, retail banking and commercial banking. Retailbanking covers a range of services to personal customers,focusing on the provision of mortgages, retail savings,current accounts and personal loans. It also provides Legaland General life assurance and long-term investmentproducts. Commercial banking provides services forcommercial customers and is focused on four core productlines. Its commercial lending operation provides finance forboth new and existing business customers. Business bankingprovides services for medium and small businesses includingtelephone and Internet banking. Cash business provides cashhandling for retailers and other corporations, and cashsales to the Post Office and to other financialinstitutions. Treasury manages the companys liquidity,funding and hedging requirements. It was founded in 1985.Alliance & Leicester PLC, headquartered in Leicester, UK, provides banking and financial services to business and public sector customers. It operates under two sectors namely, retail banking and commercial banking. Retail banking covers a range of services to personal customers, focusing on the provision of mortgages, retail savings, current accounts and personal loans. It also provides Legal and General life assurance and long-term investment products. Commercial banking provides services for commercial customers and is focused on four core product lines. Its commercial lending operation provides finance for both new and existing business customers. Business banking provides services for medium and small businesses including telephone and Internet banking. Cash business provides cash handling for retailers and other corporations, and cash sales to the Post Office and to other financial institutions. Treasury manages the companys liquidity, funding and hedging requirements. It was founded in 1985.0.000000.000000.00000420.92000YBritish Pound14 Jul 08Mon, 14 Jul 2008 00:00:00 ESTDate Announced: 07/14/2008Date Effective:MergerFriendly0.000000.000000.0000076705.185000.000003.00000Price/Share0.000001262.89 British Pound1262.892001261.885001262.89 British Pound1262.892000.000000.000005.973005.9730076706.192001262.89 British Pound1.99100N1262.8920025.087000.000000.0000025.087000.000002514.418002514.418002.42500147.39700192.14700278.5230015.797000.000000.00000100.000002.427003.164000.543004.586000.2600039.782004.586000.260000.000000.000000.000000.18900152720.02400-17.323000.0000029032.611000.000004615.101002.501000.00000-15.902000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.0000034.0000035.0000036.00000UK - Banco Santander SA (BC)of Spain agreed to launch atender offer to acquire theentire ordinary share capitalof Alliance & Leicester PLC(AL), a Leicester-based bank,in a stock swap transactionvalued at 1.263 bil Britishpounds (1.574 bil euros/$2.514bil US), via a scheme ofarrangement. BC offered 0.333new ordinary shares per ALshare. Based on BC's closingstock price of 9.001 pounds(11.23 euros/$17.902) on July11, the last full trading dayprior to the announcement,each AL share was valued at 3pounds (3.74 euros/$5.973). BCreceived irrevocableundertakings to accept theoffer with respect to 0.05% ofthe company's ordinary sharecapital. The offer wasconditioned upon at least 75%of shares being tendered. Uponeffectivity of the scheme, BCwas to exercise its rights tocompulsorily acquire allremaining shares not tenderedpursuant to the offer andapply for the delisting of ALshares from the London StockExchange. The transaction wassubject to regulatory andshareholders approvals.UK - Banco Santander SA (BC) of Spain agreed to launch a tender offer to acquire the entire ordinary share capital of Alliance & Leicester PLC (AL), a Leicester-based bank, in a stock swap transaction valued at 1.263 bil British pounds (1.574 bil euros/$2.514 bil US), via a scheme of arrangement. BC offered 0.333 new ordinary shares per AL share. Based on BC's closing stock price of 9.001 pounds (11.23 euros/$17.902) on July 11, the last full trading day prior to the announcement, each AL share was valued at 3 pounds (3.74 euros/$5.973). BC received irrevocable undertakings to accept the offer with respect to 0.05% of the company's ordinary share capital. The offer was conditioned upon at least 75% of shares being tendered. Upon effectivity of the scheme, BC was to exercise its rights to compulsorily acquire all remaining shares not tendered pursuant to the offer and apply for the delisting of AL shares from the London Stock Exchange. The transaction was subject to regulatory and shareholders approvals.UK - Banco Santander SA (BC) of Spain agreed to launch a tender offer to acquire theentire ordinary share capital of Alliance & Leicester PLC (AL), a Leicester-based bank, ina stock swap transaction valued at 1.263 bil British pounds (1.574 bil euros/$2.514 bilUS), via a scheme of arrangement. BC offered 0.333 new ordinary shares per AL share. Basedon BC's closing stock price of 9.001 pounds (11.23 euros/$17.902) on July 11, the lastfull trading day prior to the announcement, each AL share was valued at 3 pounds (3.74euros/$5.973). BC received irrevocable undertakings to accept the offer with respect to0.05% of the company's ordinary share capital. The offer was conditioned upon at least 75%of shares being tendered. Upon effectivity of the scheme, BC was to exercise its rights tocompulsorily acquire all remaining shares not tendered pursuant to the offer and apply forthe delisting of AL shares from the London Stock Exchange. The transaction was subject toregulatory and shareholders approvals.UK - Banco Santander SA (BC) of Spain agreed to launch a tender offer to acquire the entire ordinary share capital of Alliance & Leicester PLC (AL), a Leicester-based bank, in a stock swap transactionvalued at 1.263 bil British pounds (1.574 bil euros/$2.514 bil US), via a scheme of arrangement. BC offered 0.333 new ordinary shares per AL share. Based on BC's closing stock price of 9.001 pounds(11.23 euros/$17.902) on July 11, the last full trading day prior to the announcement, each AL share was valued at 3 pounds (3.74 euros/$5.973). BC received irrevocable undertakings to accept theoffer with respect to 0.05% of the company's ordinary share capital. The offer was conditioned upon at least 75% of shares being tendered. Upon effectivity of the scheme, BC was to exercise its rightsto compulsorily acquire all remaining shares not tendered pursuant to the offer and apply for the delisting of AL shares from the London Stock Exchange. The transaction was subject to regulatory andshareholders approvals.UK - Banco Santander SA (BC) of Spain agreed to launch a tender offer to acquire the entire ordinary share capital of Alliance &Leicester PLC (AL), a Leicester-based bank, in a stock swap transaction valued at 1.263 bil British pounds (1.574 bil euros/$2.514 bilUS), via a scheme of arrangement. BC offered 0.333 new ordinary shares per AL share. Based on BC's closing stock price of 9.001 pounds(11.23 euros/$17.902) on July 11, the last full trading day prior to the announcement, each AL share was valued at 3 pounds (3.74euros/$5.973). BC received irrevocable undertakings to accept the offer with respect to 0.05% of the company's ordinary share capital.The offer was conditioned upon at least 75% of shares being tendered. Upon effectivity of the scheme, BC was to exercise its rights tocompulsorily acquire all remaining shares not tendered pursuant to the offer and apply for the delisting of AL shares from the LondonStock Exchange. The transaction was subject to regulatory and shareholders approvals.$ 2,514.418 - Merrill Lynch - Adv0.00000Merrill Lynch & Co Inc1.00000JP Morgan CazenoveMorgan StanleyRothschild1.000002.000003.00000$ 2,514.418 - JP Morgan Cazenove - Adv,F Opin$ 2,514.418 - Morgan Stanley - Adv,F Opin$ 2,514.418 - Rothschild - Adv,F Opin0.000000.000000.00000Pending53980.000008666.6630066632.56700877524.000004.07900520.40000520.40000689.400000.00000709.700000.000001715.60000399.200000.594000.964000.869000.958000.000000.594002323.700002323.700002572.800002211.700001780.600000.00000275.40000432.20000389.40000438.100000.00000275.40000399.20000568.900000.00000608.300000.00000399.200004855.800003820.900000.000003069.300000.000004855.8000078949.9000078949.9000068557.0000058982.0000049966.800000.00000Status:PendingSTG5.051005.0510.082000.735000.7350.000000.0000016.053000.000000.000003991.2670015.695000.000002.427003.164000.543006000:Banks6141:Personal credit institutions6311:Life insurance557004MadridSpain6000ForeignPublicSAN6000:Banks6141:Personal credit institutions6311:Life insurance157002LondonUnited Kingdom6000ForeignPublicAL2514.418001262.892002514.418001262.89200Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_159207_9150moodys/PR_159207_9150htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: Abbey National plc Moody's rating actions related to the recommended offer by Banco Santander for Alliance & Leicester Rating actions follow the recommended offer for...7/15/2008 2:08:41 AMhtmlAbbey National plcAlliance & Leicester Group Treasury plcBanco Santander S.A. (Spain)Alliance & Leicester plcAbbey National plc; Alliance & Leicester Group Treasury plc; ...91506000237273832002066150.0000NewsRating ActionPR_159207_9150Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/426077_pr_framefitch/426077_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Alliance & Leicester plcBanco Santander SA80359929803605627/14/2008 2:13:00 PM010107000101010085Press ReleaseSANAL426077_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/659369spcred/659369normThe latest News from S&Pglobalstructuredpubfin7/14/2008 12:01:00 PM100News659369United KingdomDiversified BanksEurope, Middle East, AfricaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsCorporationsCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSAsset-Backed SecuritiesNewsLONDON (Standard&Poor's) July 14, 2008--Standard&Poor's Ratings Services said today that it placed its 'A/A-1' counterparty credit ratings on U.K. bank Alliance&Leicester PLC (A&L) on CreditWatch with positive implications. "This action follows today's agreed offer for A&L by Spain's Banco Santander S.A. (Santander; AA/Stable/A-1+), which already has a sizable presence in the U.K. following its acquisition of Abbey National PLC (Abbey; AA/Stable/A-1+) in 2004," said Standard&Poor's credit analyst Richard Barnes. The ratings on Santander and Abbey are unaffected by today's announcement (for more information, see our bulletin "Banco Santander S.A. Ratings And Outlook Unchanged On News Of Bid For Alliance&Leicester," published today on RatingsDirect). The acquisition by Santander is positive forGBR01852B01852C01852A01860KG0178SG0178P40101010 401010 4010 40Alliance&Leicester PLC112589EUROMIDAFRAL/@LNNEWSESPGBR00279KG0016Z00292000279R05964HE1979840101010 401010 4010 40Banco Santander S.A.Abbey National PLC113544114331EUROMIDAFRASIAUSALATAMERICAEMERGINGPACSAN@SMANL@LNGLOBISSSTRUCPUBFINFICORPCDOABCPCMBSRMBSABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659379spcred/659379normThe latest Research Update from S&Pglobalstructuredpubfin7/14/2008 12:01:00 PM175Research Update659379United KingdomDiversified BanksEurope, Middle East, AfricaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSResearch UpdateOn July 14, 2008, Standard&Poor's Ratings Services placed its 'A/A-1' counterparty credit ratings on U.K. bank Alliance&Leicester PLC (A&L) on CreditWatch with positive implications. This action follows today's agreed offer for A&L by Spain's Banco Santander S.A. (Santander; AA/Stable/A-1+), which already has a sizable presence in the U.K. following its acquisition of Abbey National PLC (Abbey; AA/Stable/A-1+) in 2004. The ratings on Santander and Abbey are unaffected by today's announcement (for more information, see our bulletin "Banco Santander S.A. Ratings And Outlook Unchanged On News Of Bid For Alliance&Leicester," published today on RatingsDirect). The acquisition by Santander is positive for A&L's credit profile. A&L has been adversely affected by the challenging wholesale market conditionsGBR01852B01852C01852A01860KG0178SG0178P40101010 401010 4010 40Alliance&Leicester PLC112589EUROMIDAFRAL/@LNRESUPDGBRESP05964H00279R00292000279KE19798G0016Z40101010 401010 4010 40Banco Santander S.A.Abbey National PLC113544114331EMERGINGPACASIAUSAEUROMIDAFRLATAMERICASAN@SMANL@LNGLOBISSSTRUCPUBFINFICORPABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/71615cs/71615norm Santander/Alliance & Leicester: A Logical Move Santander's bid for Alliance & Leicester fits in well with its stated ambitions for the UK market The all-share deal preserves capital ratios, and funding looks manageable even in the...716151414YesD0Article11991379354corp4186357/14/2008 11:05:00 AM150It makes sense for Santander to bid for Alliance & Leicester at current valuations, after it had already performed due diligence in December and walked away because of the pricing at that stage.71615Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/655005spcred/655005normThe latest News from S&Pstructuredglobal6/19/2008 3:37:32 PM100News655005United KingdomDiversified BanksEurope, Middle East, AfricaGlobal IssuersStructured FinanceFinancial InstitutionsResidential MBSNewsLONDON (Standard&Poor's) June 19, 2008--Standard&Poor's Ratings Services said today it affirmed its 'A/A-1' long- and short-term counterparty credit ratings on Alliance&Leicester PLC (A&L) following its review of a number of U.K. banks. The outlook remains stable. "The ratings on A&L reflect the significant markdowns A&L has taken on a range of structured assets, the margin pressure it is currently suffering due to the cost of seeking bank-secured funding and holding more liquidity, and A&L's relatively high dependence on the U.K.," said Standard&Poor's credit analyst Nick Hill. "The ratings also reflect Standard&Poor's view that A&L's asset quality is strong and likely to remain robust even through a downturn, and our expectationGBR01852B01852C01852A01860KG0178SG0178P40101010 401010 4010 40Alliance&Leicester PLC112589EUROMIDAFRAL/@LNNEWSGLOBISSSTRUCFIRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/655006spcred/655006normThe latest Research Update from S&Pglobalstructured6/19/2008 3:37:32 PM175Research Update655006United KingdomDiversified BanksEurope, Middle East, AfricaGlobal IssuersStructured FinanceFinancial InstitutionsResidential MBSResearch UpdateOn June 19, 2008, Standard&Poor's Ratings Services affirmed its 'A/A-1' long- and short-term counterparty credit ratings on Alliance&Leicester PLC (A&L) following its review of a number of U.K. banks. The outlook remains stable. The ratings on A&L reflect the significant markdowns A&L has taken on a range of structured assets, the margin pressure it is currently suffering due to the cost of seeking bank-secured funding and holding more liquidity, and A&L's relatively high dependence on the U.K. The ratings also reflect Standard&Poor's view that A&L's asset quality is strong and likely to remain robust even through a downturn, and our expectation that A&L will return to a good level of profitability in the comingGBR01852B01852C01852A01860KG0178SG0178P40101010 401010 4010 40Alliance&Leicester PLC112589EUROMIDAFRAL/@LNRESUPDGLOBISSSTRUCFIRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_156344_97400moodys/PR_156344_97400htmlGlobal Credit Research Announcement ## MAY #### Announcement: Yorkshire Building Society Moody's reports: UK banking system faces negative credit outlook as economic downturn poses challenges London, ## May #### -- The fundamental...5/31/2008 1:19:33 AMhtmlYorkshire Building SocietyNorthern Rock plcBarclays Bank PLCAbbey National plcBank of Scotland plcCoventry Building SocietyICICI Bank UK Plc.Scarborough Building SocietyNottingham Building SocietyStandard Bank PlcInvestec Bank (UK) LtdRoyal Bank of Scotland plcHBOS plcStandard Life Bank LimitedNewcastle Building SocietyLeeds Building SocietyNorwich & Peterborough Building SocietyDunfermline Building SocietySkipton Building SocietyCheshire Building SocietyDerbyshire Building SocietyWest Bromwich Building SocietyPrincipality Building SocietyChelsea Building SocietyClose Brothers Ltd.HSBC Holdings plcHSBC Bank plcLloyds TSB Bank PlcCo-Operative Bank PlcNationwide Building SocietyBritannia Building SocietyBradford & Bingley plcAlliance & Leicester plcClydesdale Bank plcVTB Bank Europe plcAbbey National plc; Alliance & Leicester plc; Bank of Scotland plc; ...97400938009250091508776081515080972530280880239180873249980848727380678922565192060006147860004872560004574660004553160004422060004412860004402060004401960004400160002243560002242160002236960001174160000914049468044956528892513219521832066184860112300150.0000NewsAnnouncementPR_156344_97400Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/420614_pr_framefitch/420614_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Alliance & Leicester plc803599295/15/2008 10:16:00 AM010101000101070085Press ReleaseAL420614_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/648094spcred/648094normThe latest News from S&Pstructuredglobal5/14/2008 8:18:03 AM100News648094United KingdomDiversified BanksEurope, Middle East, AfricaStructured FinanceGlobal IssuersFinancial InstitutionsResidential MBSNewsLONDON (Standard&Poor's) May 14, 2008--Standard&Poor's Ratings Services said today that its ratings on Alliance&Leicester PLC (A&L; A/Stable/A-1) are unaffected by yesterday's disclosure of further impairments and write-downs on its investments in structured investment vehicles, and additional markdowns on collateralized debt obligations and other asset-backed securities (ABS). The aggregate impact of these items on the income statement was £192 million for the four months to end-April. In addition, market value movements on available-for-sale assets (predominantly bank and building society floating-rate notes, ABS, and collateralized loan obligations) led to a £198.5 million reduction in the fair value of these securities, which was taken directly against reserves. These impairments and other market value movements are larger thanGBR01852B01852C01860KG0178SG0178P01852A40101010 401010 4010 40Alliance&Leicester PLC112589EUROMIDAFRAL/@LNNEWSSTRUCGLOBISSFIRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1841088ccbn/B1841088norm...Co. reported that core operating profit, excluding treasury, in the first four months of #### was similar to same period in ####. ... 5/13/2008 12:06:00 PMAlliance & Leicester54.0000EditedAlliance & Leicester Interim Management Statement Conference Call SummaryAL.L9:00am UKTBriefB1841088Credit & Investment ResearchThomson StreetEvents