SOVEREIGN BANCORP, INC. $200,000,000 Senior Floating Rate Notes due 2009 $300,000,000 4.80% Senior Notes due 2010 Purchase AgreementPurchase Agreement • August 25th, 2005 • Sovereign Bancorp Inc • Savings institution, federally chartered • New York
Sovereign Bancorp, Inc., a Pennsylvania corporation (the “Company”), proposes to issue and sell $200,000,000 aggregate principal amount of its Senior Floating Rate Notes due 2009 (the “Floating Rate Notes”) and $300,000,000 aggregate principal amount of its 4.80% Senior Notes due 2010 (the “4.80% Notes” and, together with the Floating Rate Notes, the “Notes”) to Goldman, Sachs & Co. (“Goldman”) and the other purchasers named in Schedule I hereto (collectively, the “Purchasers”), for whom Goldman is acting as representative (in such capacity, the “Representative”). The Notes will be issued pursuant to an indenture, dated as of February 1, 1994 (the “Base Indenture”), between the Company and BNY Midwest Trust Company, as successor to Harris Trust and Savings Bank, as trustee (the “Trustee”), as supplemented by a sixth supplemental indenture, to be dated as of September 1, 2005, between the Company and the Trustee (“Supplemental Indenture No. 6” and, together with the Base Indenture, the
