Lloyds Banking Group divestment

NBNK Investments Plc

("NBNK" or "the Company")

Lloyds Banking Group divestment

The Company notes the recent press speculation concerning its participation in Lloyds Banking Group's process for the sale of the "Project Verde" asset package.

NBNK was formed for the purpose of making acquisitions in order to establish a significant UK retail bank and confirms that it has submitted a bid for Verde.

There can be no certainty that a transaction will be completed nor as to the terms of any transaction.

Further announcements will be made as appropriate.

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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