Saracens have won the LV=Cup for the first time with the last kick of the game; Ben Spencer's penalty seeing the Men in Black home, 23-20 against Exeter Chiefs.

The game had looked set for extra time at Franklin's Garden seconds earlier after Max Bodilly went over for the second time, the try awarded after consultation with the TMO.

But with seconds remaining Saracens were awarded a penalty and Spencer converted to seal the club's first cup success in 17 years.

The Men in Black trailed 6-3 at half-time; a pair of penalties from Exeter’s Ceri Sweeney cancelling out Spencer's opener.

But Strettle turned the game on its head after four second-half minutes, intercepting Ben White's ill-advised pass before sprinting away to cross the whitewash.

And seven minutes later Strettle repeated the trick.

The try owed much to the vision and execution of Spencer, who dinked the ball out to Strettle on the flank, allowing the England wing to blast over in the left-hand corner with ease. 

Spencer's conversion attempt struck the upright but the disappointment was shortlived as Nick de Jager scored Sarries' third try.

The try came about via another piece of Spencer brilliance, racing onto his own chip before de Jager bullied his way over.

With the extras added and the Men in Black leading 20-6, Exeter rallied and with replacement Scott Spurling sin-binned, Bodilly scored the first of his two tries in the left-hand corner.

Gareth Steenson's conversion attempt hit the inside of the post on its way over and suddenly, it was game on.

Tom James looked set to score 60 seconds later after selling a brilliant fake but was stopped superbly by Romanian international Catalin Fercu.

But Exeter came back once more after Saracens lost possession from their own lineout and with two minutes remaining, Bodilly just did enough to breach the Wolf Pack's defence and touch down for a second time.

With the game tied up at 20-20 following Steenson's conversion, Joe Shaw's young side won a penalty following a lineout in the Chiefs' half.

Spencer stepped up and dissected the posts to land Saracens' first LV=Cup to spark scenes of jubilation. 

Saracens: 15. Ransom, 14. Ellery, 13. Bosch, 12. Streather, 11. Strettle, 10. Mordt, 9. Spencer; 1. Barrington, 2. Saunders, 3. Figallo, 4. Itoje (c), 5. Smith, 6. de Jager, 7. Hankin, 8. Joubert.

Replacements: 16. Spurling, 17. Lamositele, 18. Alo, 19. Kruis, 20. Brown, 21. Whiteley, 22. Goode, 23. Fercu.