NBNK.L Regulatory News (NBNK)

NBNK Investments plc

("NBNK" or "the Company")

Audited results for the period ending 31 December 2015

NBNK Investments plc (AIM: NBNK) announces its audited results for the period ending 31 December 2015.

The following is an extract from the Company's financial statements which will be posted to shareholders on or around 18 May 2016.

Chairman's review

We have continued to maintain the Company at low cost while appropriate opportunities have been sought to make an acquisition in accordance with the Company's investment policy. During the fourth quarter of 2015, we were in continuing discussions with certain businesses that we felt might make suitable acquisition targets. As a result, on 7 January 2016 we informed shareholders that the board had resolved to extend until 11 April 2016 the point at which the directors would consider if it was appropriate to return unused funds to shareholders and/or to wind up the Company. On that date, we confirmed that the further negotiations with potential targets had not produced an acquisition proposition capable of being recommended to shareholders for approval. As a consequence, the directors resolved that it was appropriate to return unused funds to shareholders and/or to wind up the Company. Detailed consideration has begun into the most cost effective and timely way to achieve this.

Consequently, the annual report and financial statements for the period to 31 December 2015 have been prepared on a wind-up basis.

On behalf of the board, I would like to thank shareholders for their support. Some shareholders have been with the Company since inception, others joined more recently, but all have been very supportive of the mission that NBNK set out to achieve. The board and I are disappointed that we were unable to deliver an acquisition that would have fulfilled the Company's investing policy and given value to shareholders.

Stephen L. Johnson

Chairman

Business review

The Company was incorporated on 2 July 2010 as De Facto 9999 Plc. On 2 August 2010, it changed its name to NBNK Investments plc. The directors of the Company are:

Stephen L. Johnson;

Lord Brennan of Bibury, QC.

The Company's objective has been to try and make a significant acquisition in the European financial services sector. It raised a significant sum from shareholders for this purpose and the directors were engaged throughout 2015 in seeking acquisition opportunities to meet its objective. The reported remit was that, if this objective was not met by 11 January 2016, then the directors would consider whether it was appropriate to return unused funds to shareholders. Although a brief extension to that timetable was agreed and announced by the directors, discussions with remaining potential acquisition targets did not progress satisfactorily and accordingly, on 11 April 2016, the Company announced that, there being no reasonable prospect for a successful acquisition, in line with the Company's investing policy the directors had resolved to return unused funds to shareholders.

A further announcement on the manner in which this will be achieved will be made in due course.Financial results

Income statement

for the year ended 31 December 2015

Statement of financial position

as at 31 December

Statement of cash flows

for the year ended 31 December 2015

Statement of changes in equity

for the year ended 31 December 2015

Annual General Meeting

The Annual General Meeting of the Company will be held on Tuesday 21 June 2016 at 2.00 p.m. at Fifth Floor, 100 Wood Street, London, EC2V 7EX.

Status of the information contained in this announcement

The financial information set out above does not constitute the Company's statutory accounts for 2015. Statutory accounts for the period ended 31 December 2015 and 31 December 2014 have been reported on by the Independent Auditors.

The Independent Auditors' Report on the Annual Report and Financial Statements for 2015 was unqualified, and included the following emphasis of matter:

Without modifying our opinion on the financial statements we draw your attention to the disclosures made in the financial statements concerning the company's decision to wind up the company and the basis on which the financial statements have been prepared. As it is the directors' intention to wind up the company, the financial statements have not been prepared on a going concern basis.

The Independent Auditors' Report on the Annual Report and Financial Statements for 2014 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The statutory accounts for the period ended 31 December 2015 will be circulated to shareholders on or around 18 May 2015 and will be published on the Company's website. They will be delivered to the Registrar in due course.

The financial information in this announcement has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union (collectively Adopted IFRSs). The accounting policies adopted in this announcement have been consistently applied and are consistent with the policies used in the preparation of the statutory accounts for the period ended 31 December 2014, save that the statutory accounts for the period ended 31 December 2015 have not been prepared on a going concern basis.

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