NBNK.L Regulatory News (NBNK)

NBNK Investments plc

('NBNK' or the 'Company')

Result of Annual General Meeting

At the Company's Annual General Meeting, held at 9.30 am today, Wednesday 27 June 2012, all resolutions put to the meeting were duly passed.

The Chairman later confirmed that:

"As previously announced by Lloyds Banking Group ('LBG'), it has disclosed further information to the Company relating to the Verde asset package. Accordingly NBNK has submitted a revised proposal in advance of LBG's board meeting."

"NBNK's revised proposal makes clear the basis upon which it would be able to continue discussions with LBG on the Verde process. Given the demands of the divestment timetable, there is a very short window of time within which NBNK believes that a sale process can be agreed and a transaction completed."

"We have updated shareholders on the Company's current position and await the outcome of deliberations on the future of the Verde process at LBG's forthcoming board meeting."

Result of proxy voting

The Company confirms that the following proxy votes were received ahead of its Annual General Meeting.

Total valid proxies received - 39,159,985 (78.24% of the total voting rights in issue).

All proxies empowered the Chairman to vote in favour of each resolution, with the exception of resolutions 10, 11, 12 and 13 and a small number of votes withheld. Therefore each of resolutions 1 - 9 was passed unanimously. Resolutions 10, 11, 12 and 13 were passed with majorities of at least 99.9%

The resolutions were:

1. To receive the audited financial statements and directors' report for the period ended 31 December 2011

2. To re-elect Lord Levene of Portsoken as a director

3. To re-elect Sir David Walker as a director

4. To re-elect Lord Brennan of Bibury as a director

5. To re-elect Lord Forsyth of Drumlean as a director

6. To re-elect Lord McFall of Alcluith as a director

7. To elect Gary Hoffman as a director

8. To re-appoint BDO LLP as auditors

9. To authorise the directors to determine the auditors' remuneration

10. To grant the directors' general authority to allot shares (votes against - 28,000)

11. To approve the disapplication of statutory pre-emption rights (votes against - 25,120)

12. To grant the Company general authority to make limited market purchases of its own shares (votes against - 25,000)

13. To authorise the Company to continue the investing policy set out in the Company's AIM Admission Document dated 20 August 2010 (votes against - 25,000)

25,000 votes were withheld in each of resolutions 1 - 9 inclusive.

Resolutions 1 to 10 and 13 were proposed and passed as ordinary resolutions. Resolutions 11 and 12 were proposed and passed as special resolutions.

The above proxy vote information will be available on the Corporation's website at: www.nbnkinvestmentsplc.co.uk 

- Ends -

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