Disposal

RNS Number : 5233U

Arbuthnot Banking Group PLC

15 May 2008

 

ARBUTHNOT BANKING GROUP PLC

Sale of Insurance Branch Network

Arbuthnot Banking Group's retail banking subsidiary, Secure Trust Bank, has today announced that as part of its restructuring process it has agreed to sell its insurance branch network to the UK's leading high street insurance retailer, Swinton. This transaction is expected to complete in June 2008 and will have a positive impact on future profitability.

Press Enquiries:

Arbuthnot Banking Group PLC	Tel: [phone]
Henry Angest, Chairman and Chief Executive
Andrew Salmon, Chief Operating Officer
Paul Sheriff, Group Finance Director
Maitland	Tel: [phone]
Emma Burdett
Richard Farnsworth

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