NBNK.L Regulatory News (NBNK)

NBNK Investments plc

('NBNK' or the 'Company')

Announcement of results of Tender Offer and Share Subscription (subject to passing of the Shareholder Resolutions and the Warrantholders' Resolution and Admission)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAW OF THAT JURISDICTION

NBNK Investments plc (the "Company") today announces the results of the Tender Offer set out in the circular published by the Company on 13 December 2012 (the "Circular") which closed on 4 January 2013. This is subject to the passing of the Shareholder Resolutions and the Warrantholders' Resolution at the general meeting which has been convened for 8 January 2013 and Admission.

12,356,368 Ordinary Shares were validly tendered under the Tender Offer together with warrants to subscribe for Ordinary Shares representing 1.0419 per cent of the Fully Diluted Share Capital.

On this basis, under the Share Subscription, the WLR Funds will subscribe for 16,077,597 Ordinary Shares and be issued with Placee Warrants entitled to subscribe for Ordinary Shares representing 2.4092 per cent of the Fully Diluted Share Capital. The total gross proceeds from the Share Subscription will be £6,270,262.83 of which £4,818,983.52 will be used to fund the purchases under the Tender Offer. It is also anticipated that the WLR Funds will also be issued with Founder Warrants entitling them to subscribe for 0.4859 per cent of the Fully Diluted Share Capital of the Company.

The total number of Ordinary Shares in issue following the completion of the Tender Offer and Share Subscription will be 53,771,229, the WLR Funds will therefore own 29.9 per cent of the issued Ordinary Share capital.

It is anticipated that CREST account holders who have tendered Ordinary Shares pursuant to the Tender Offer will have their CREST accounts credited for revised holdings of Ordinary Shares following the Tender Offer on or around 11 January 2013. Cheques will be dispatched for certificated Ordinary Shares purchased pursuant to the Tender Offer and payment made through CREST for uncertificated Ordinary Shares purchased pursuant to the Tender Offer on or around 14 January 2013.

Terms used in this press release that are defined in the Circular have the same meaning as given to them in the Circular.

- Ends -

 For further information contact: