The Notes have been admitted to listing on the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

The Notes are intended to qualify as Tier 2 Capital and the terms and conditions of the Notes include Solvency II related features for Tier 2 debt. The Notes have been assigned a rating of Baa1 by Moody’s and BBB by Standard & Poor’s.

Barclays, Citigroup, HSBC, Lloyds Bank and The Royal Bank of Scotland acted as joint lead managers in respect of the offering.

CONTACTS

Financing: Miranda Leung (partner), Akshay Kundaiker (associate), Thomas Jemmett (associate).