Holding(s) in Company - TR-1 Notification

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

NBNK Investments plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

√

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Aviva plc & its subsidiaries

4. Full name of shareholder(s)  (if different from 3.):iv

Registered Holder:

BNY Norwich Union Nominees Limited 814,051*

Chase (GA Group) Nominees Limited 4,962,509*

*denotes direct interest

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

25 January 2013

6. Date on which issuer notified:

28 January 2013

7. Threshold(s) that is/are crossed orreached: vi, vii

11% to 12% Change at Combined Interest Level

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary SharesGB00B58GVN47

6,358,908 *

6,358,908 *

5,776,560

5,776,560

Nil held

10.74%

Nil

* Includes Qualifying Financial Instruments (Warrants = 582,348)

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

WARRANT

31/08/2020

ANY TIME UP TO 31/08/2020

582,348

1.08%

FOUNDER WARRANT

31/08/2020

ANY TIME UP TO 31/08/2020

106,273

(Entitlement advised by Cenkos Securities)

0.20%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,465,181

12.02%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

Aviva Investors Global Services Limited:

·; Aviva plc (Parent Company)

·; Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·; Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

·; Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

Proxy Voting:

10. Name of the proxy holder:

See Section 4

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Figures are based on a revised total number of voting rights of 53,771,229 as per the Company's Admission of Subscription Shares to Trading on AIM Announcement of 11 January 2013.

14. Contact name:

Neil Whittaker, Aviva plc

15. Contact telephone number:

01603 684420