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Bradford & Bingley International Limited 29 September 2008

The Financial Supervision Commission is aware of the announcement by HM Treasury that it has today acquired all the shares in Bradford & Bingley plc (“Bradford & Bingley”) and that the Group’s savings business and branches have been transferred to Abbey National plc, part of the Banco Santander Group.

HM Treasury has announced “For savers and borrowers of Bradford & Bingley it will be business as usual……..branches will be open this morning as usual, and internet, call centre, and all other transaction services will operate as normal”.

In connection with this HM Treasury has announced certain guarantee arrangements will cover all unsubordinated borrowings from and wholesale deposits with Bradford & Bingley made by Bradford & Bingley International Limited (Bradford & Bingley’s Isle of Man subsidiary), and any other unsubordinated debt due from Bradford & Bingley to Bradford & Bingley International Limited, in each case in existence at the relevant time [midnight on 28 September 2008].

As a result of the above, Bradford & Bingley International Limited has been acquired by Abbey National plc.

John Aspden, Chief Executive of the FSC, said “We very much welcome the opportunity which this will give to provide protection for depositors with Bradford & Bingley International Limited in the Isle of Man. Locally there has recently been uncertainty about the future of the bank, which is now resolved”.

Abbey National plc itself already has a banking licence in the Isle of Man.

For futher information please see the statement issued by the FSA.

For further information contact:

Andrew Kermode, Senior Manager: 01624-689320

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