HBOS Treasury Services plc

33 Old Broad Street
London, EC2N 1HZ

Corporate Relatiohships:
Dianne Cornes T: +44 (0)20 7574 8546 E: diannecornes@hbosts.com
Capital Markets:
Mark Aitken T: +44 (0)20 7574 8357 E: markaitken@hbosts.com
Robert Plehn T: +44 (0)20 7574 8263 E: robertplehn@hbosts.com
Research:
Adam Chester T: +44 (0)20 7574 8511 E:adamchester@hbosts.com

Web Links
www.hbosts.com (http://www.hbosts.com)

HBOS Treasury Services is the treasury arm of the HBOS Group (including the Bank of Scotland, Halifax plc and HBOS Insurance & Investment Group Ltd) providing funding, liquidity and risk management services to the Group and its customer base.

The HBOS Group is one the top 20 largest banking groups in the world with total assets of £500 billion and over 22 million customers. HBOS Treasury Services is a wholly owned and fully guaranteed subsidiary of the Bank of Scotland (rated Aa2/AA+/AA by Moody's, Fitch and Standard & Poor's respectively).

The objective for HBOS Treasury Services is to deliver for our clients the highest standards of advice, research and deal execution across all transactions from the simple to the most complex, covering all aspects of hedging, cash management and trade finance.

We work with our customers on a long-term relationship basis to develop risk management solutions tailored to meet their specific needs, with wide ranging capabilities across foreign exchange, interest rates, inflation and commodity products. Additionally, through our securitisation and corporate bond teams, HBOS Treasury Services provides high quality alternative sources of corporate funding. Our cash management and trade finance experts deliver customised solutions for international payments and trading requirements.

With treasury, cash management and trade finance professionals based in dealing rooms in London and Glasgow and regionally across the UK, and with branches in New York and Sydney, HBOS Treasury Services is well placed to understand and meet the varied and changing needs of our institutional and corporate customers.