BB. Bradford & Bing

    RNS Number : 5189E
  Bradford & Bingley PLC
  29 September 2008
   


    

    Bradford & Bingley plc

    Public Ownership and Sale of Savings Business

    29 September 2008

    The Board of Bradford & Bingley plc ("Bradford & Bingley", "the Company" or "the Group") note the announcement by H M Treasury that it
has today acquired all the shares in Bradford & Bingley, that all share options and other entitlements to shares issued by the Company have
been extinguished and that the Group's savings business and branches have been transferred to the Banco Santander group ("Santander"), in
each case, by way of a Transfer Order made under the Banking (Special Provisions) Act 2008.

    Santander is a group of banking and financial companies that operates through a network of offices and subsidiaries across Spain and
other European and Latin American countries (including the United Kingdom).  With the transfer of our savings business to Santander, savings
customers can be confident that their money is secure in a well funded bank. The rest of the Group's business, including the mortgage
operation, has been taken into public ownership by the Government. Mortgage customers should continue to make payments as usual. Both the
savings business and mortgage operations will continue to operate as normal through these changes and branches, ATMs and on-line accounts
will all be operating as usual.



    END

    Further information

    Further information on the Group and its business is available from the Company's website www.bbg.co.uk.


    Enquiries

    For further information please contact:
 Investor Relations             Media Relations
 Katherine Conway                Matthew Newton
 +44 (0) 1274 554928                   Finsbury
 Neil Vanham                    +44 (0) 20 7251
 +44 (0) 1274 806341                       3801
                                  Nickie Aiken,
                                   Press Office
                                +44 (0) 20 7067
                                           5645




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