Transfer of Business Approved

18 Sep 2007 16:37

Bristol & West PLC18 September 2007 Bristol & West plc Further to the announcements on 19 February 2007, 6 and 14 June 2007, Bristol &West plc ("Bristol & West") is pleased to announce that the High Court ofJustice has approved the application for the transfer of Bristol & West'sbusiness to the United Kingdom branch of the Governor and Company of the Bank ofIreland ("Bank of Ireland"), pursuant to a banking business transfer schemeunder Part VII of the Financial Services and Markets Act 2000 ("Scheme"). Further to the announcements on 19 February 2007, 6 June 2007 and 8 August 2007,Bristol & West is also pleased to announce that the High Court of Justice hasconfirmed the reduction in the share capital of Bristol & West (the "Reduction")as described in the circular dated 20 July 2007 to holders of 8.125 per cent.non-cumulative non-redeemable preference shares of £1 each in Bristol & West("Preference Shareholders"). The Scheme and the Reduction are expected to take effect on 1 October 2007. Afurther announcement, which will include information on payments to be made toelecting Preference Shareholders under the Reduction, will be made by Bristol &West once the Scheme and the Reduction have taken effect. Ends 18 September 2007 Contact: Richard Holden, Company Secretary, Bristol & West plc 00 44 117 943 2583 This information is provided by RNS The company news service from the London Stock Exchange