Santander UK (SANS+) 6-K Current report (foreign)

Exhibit 7.1

Santander UK plc

Computation of Ratio of Earnings to Fixed Charges

(i) Excluding interest on retail deposits

	Six months ended		Year ended
	June 30, 2015		December 31, 2014
	£m		£m
Profit on continuing operations before tax		929		1,399
Fixed charges: interest expense (B)(1)		598		1,291
Earnings before taxes and fixed charges (A)		1,527		2,690
Ratio of earnings to fixed charges (A/B)		255%		208%
(ii) Including interest on retail deposits
	Six months ended		Year ended
	June 30, 2015		December 31, 2014
	£m		£m
Profit on continuing operations before tax		929		1,399
Fixed charges: interest expense (B)(1)		1,588		3,363
Earnings before taxes and fixed charges (A)		2,517		4,762
Ratio of earnings to fixed charges (A/B)		159%		142%

Note:

⁽¹⁾ Includes the amortisation of discounts and premiums on debt securities in issue and related capitalised expenses.