NBNK.L Regulatory News (NBNK)

Not for distribution, directly or indirectly, in whole or in part in or into the United States, Canada, Australia, Japan, the Republic of Ireland or South Africa or to US persons.

This announcement is not an admission document. This document does not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or warrants in the Company or securities in any other entity nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This document does not constitute a recommendation regarding any securities.

Any investment decision must be made exclusively on the basis of the admission document published by the Company, (the "Admission Document"). Any defined terms used in this announcement shall have the same meaning as defined in the Admission Document, unless otherwise defined herein. Copies of the Admission Document are available on the Company's website: www.nbnkinvestmentsplc.co.uk.

NBNK Investments plc

('NBNK' or the 'Company')

Admission to trading on AIM

Admission

NBNK Investments plc (AIM: NBNK) is pleased to announce the commencement of dealings in its ordinary shares on the AIM market of the London Stock Exchange following the issue of 50 million shares at 100 pence per share, raising £50 million.

Highlights

§ NBNK intends to build (primarily through acquisition) a new and substantial UK bank and, over the short to medium term, a business that would represent approximately four to six per cent. of the UK banking market. It aims to establish a branch network of 400 to 600 branches across the UK with a focused regional strategy for both Scotland and England and Wales.

§ The Company will aim to offer investors exposure to UK retail banking through a legacy-free, focused investment in UK banking and savings.

§ Having acquired a branch network NBNK intends to offer its customers a return to a traditional branch-based, personalised, local service, alongside a modern banking operation with internet and telephone banking services.

§ The Company has an experienced board of directors, led by Lord Levene, and consisting of Sir David Walker, Lord Brennan, Lord McFall, Lord Forsyth and Charles McCreevy.

Commenting on admission, NBNK's Chairman, Lord Levene, said: "The investment community, the public and the regulators have welcomed the potential for an institution such as the one we propose. Admission marks the completion of the first stage in our plans. We will now establish a dialogue with a number of sellers of assets which would fit our acquisition profile."

The Company is advised by Kinmont and Cenkos.

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