Acquisition talks

NBNK Investments Plc

("NBNK" or "the Company")

Acquisition talks

NBNK was formed for the purpose of making acquisitions in order to establish a significant UK retail bank.

In view of the size of the operations NBNK is seeking to acquire, any of which would be a reverse takeover pursuant to the AIM Rules for Companies ("AIM Rules"), and the level of on-going press speculation concerning possible acquisitions, trading in the Company's shares will now be suspended until such time as an admission document is published in relation to an acquisition or the talks otherwise conclude.

There can be no certainty that a transaction will be forthcoming. Further announcements will be made in due course.

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About NBNK Investments

NBNK has been established to take advantage of the opportunity which exists in the UK banking and savings market to build (primarily through acquisition) a new and substantial UK bank focused on the retail and corporate SME markets. The Company has been founded by Lord Levene and a group of senior business figures, supported by a number of institutional shareholders. NBNK will focus on the UK market only, initially just in the retail banking and small and medium enterprise (SME) areas but, over time, it intends to expand into wealth management.

As a quoted entity, the Company will aim to offer investors exposure to UK retail banking through a legacy-free, focused investment in UK banking and savings. The Company does not intend to be active in areas such as wholesale, international or investment banking.

www.nbnkinvestmentsplc.co.uk