Cancellation of Lstng of Bnds

31 Aug 2007 09:00

Bristol & West PLC31 August 2007 £75,000,000 103/4 per cent. Subordinated Bonds due 2018 £75,000,000 13 3/8 per cent. Unsecured Perpetual Subordinated Bonds by Bristol & West plc ISIN numbers: XS0044196425 and GB0000510312 respectively; SEDOL Codes: 0125817 and 0051031 respectively On 6 June 2007 Bristol & West plc ("Bristol & West") announced that, as part ofa proposed internal reorganisation, its ultimate parent company, the Governorand Company of the Bank of Ireland ("Bank of Ireland") acting through its UnitedKingdom branch would be substituted as obligor in place of Bristol & West underBristol & West's listed bonds, being the Subordinated Bonds due 2018 (LSE: BB84)and the Unsecured Perpetual Subordinated Bonds (LSE: BRS) (together, the"Bonds"). As part of that process and in accordance with its obligations under ListingRule 5.2.8R, Bristol & West today announces that it has applied to the FinancialServices Authority, in its capacity as the United Kingdom Listing Authority, tocancel, subject to the two conditions stated below, the listing on the OfficialList of the United Kingdom Listing Authority and the trading on the London StockExchange of the Bonds as Bristol & West debt securities. It is intended that the Bonds and all of the rights, benefits, powers,obligations and interests of Bristol & West in the Bonds will be transferred toand vested in the United Kingdom branch of the Governor and Company of the Bankof Ireland pursuant to a court approved scheme under Part VII of the FinancialServices and Markets Act 2000 for the transfer to the United Kingdom branch ofthe Bank of Ireland of the deposit-taking, mortgage and home finance businessesof Bristol & West (the "Scheme"). The Scheme is expected to become effective on1 October 2007 (the "Effective Date"). The applications for the cancellation of listing and trading referred to aboveare conditional upon (i) the High Court of Justice in England and Wales makingan order sanctioning the Scheme to take effect from the Effective Date and (ii)the simultaneous admission to listing on the Official List of the United KingdomListing Authority and to trading of the Bonds on the London Stock Exchange asdebt securities of Bank of Ireland. Enquiries to: Bristol & West plcRichard Holden, Company SecretaryTel: +44 117 943 2583 Date: 31 August 2007 This information is provided by RNS The company news service from the London Stock Exchange