Exhibit 7.1

Santander UK Group Holdings plc

Computation of Ratio of Earnings to Fixed Charges

(i) Excluding interest on retail deposits



|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|---------------------------------------------------------------------- |  | ---------------------- | ----- | - | ------ |  | ----- | ------ |  |  | ------ | - |  | ------ | ----- | - |  |  | ----- | -
|                                                                       |  | Year ended December 31 |      
|                                                                       |  | 2015£m                 |       |   | 2014£m |  |       | 2013£m |  |  | 2012£m |   |  | 2011£m |      
|                                                                       |  |                        |       |   |       
|Profit on continuing operations before tax                             |  |                        | 1,342 |   |        |  | 1,399 |        |  |  | 1,109  |   |  |        | 1,152 |   |  |  | 1,282 |  
|                                                                       |  |                        |       |   |       
|Fixed charges: interest expense (B)(1)                                 |  |                        | 1,146 |   |        |  | 1,291 |        |  |  | 1,549  |   |  |        | 1,774 |   |  |  | 1,067 |  
|                                                                       |  |                        |       |   |       
|Preference security dividend requirements of consolidated subsidiaries |  |                        | (23   | ) |        |  | (40   | )      |  |  | (57    | ) |  |        | (57   | ) |  |  | (57   | )
|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|Earnings before taxes and fixed charges (A)                            |  |                        | 2,465 |   |        |  | 2,650 |        |  |  | 2,601  |   |  |        | 2,869 |   |  |  | 2,292 |  
|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|                                                                       |  |                        |       |   |       
|Ratio of earnings to fixed charges (A/B)                               |  |                        | 215   |   |        |  | 205   |        |  |  | 168    |   |  |        | 162   |   |  |  | 215   |  

(ii) Including interest on retail deposits



|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|---------------------------------------------------------------------- |  | ---------------------- | ----- | - | ------ |  | ----- | ------ |  |  | ------ | - |  | ------ | ----- | - |  |  | ----- | -
|                                                                       |  | Year ended December 31 |      
|                                                                       |  | 2015£m                 |       |   | 2014£m |  |       | 2013£m |  |  | 2012£m |   |  | 2011£m |      
|                                                                       |  |                        |       |   |       
|Profit on continuing operations before tax                             |  |                        | 1,342 |   |        |  | 1,399 |        |  |  | 1,109  |   |  |        | 1,152 |   |  |  | 1,282 |  
|                                                                       |  |                        |       |   |       
|Fixed charges: interest expense (B)(1)                                 |  |                        | 3,120 |   |        |  | 3,363 |        |  |  | 4,207  |   |  |        | 4,698 |   |  |  | 3,778 |  
|                                                                       |  |                        |       |   |       
|Preference security dividend requirements of consolidated subsidiaries |  |                        | (23   | ) |        |  | (40   | )      |  |  | (57    | ) |  |        | (57   | ) |  |  | (57   | )
|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|Earnings before taxes and fixed charges (A)                            |  |                        | 4,439 |   |        |  | 4,722 |        |  |  | 5,259  |   |  |        | 5,793 |   |  |  | 5,003 |  
|                                                                       |  |                        |       |   |        |  |       |        |  |  |        |   |  |        |       |   |  |  |       |  
|                                                                       |  |                        |       |   |       
|Ratio of earnings to fixed charges (A/B)                               |  |                        | 142   |   |        |  | 140   |        |  |  | 125    |   |  |        | 123   |   |  |  | 132   |  

Note:



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