UK Asset Resolution Ltd (“UKAR”) announces that Richard Pym has today retired from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited.

As previously announced, Mr Pym stepped down as Chairman on 5 June on the successful transfer of the Company’s mortgage servicing operations to Computershare Mortgage Services Ltd but had agreed to remain on the Boards for a short period.

ENDS

Media Contact:

Brunswick
Jonathan Glass / Nick Cosgrove
Tel: +44 20 7404 5959
Email: ukar@brunswickgroup.com

NOTES TO EDITORS

UK Asset Resolution Limited (UKAR)

UKAR, the holding company for NRAM Limited (NRAM) and Bradford & Bingley plc (B&B), was established on 1 October 2010 to facilitate the orderly management of the closed mortgage books of both B&B and NRAM to maximise value for taxpayers, while ensuring that both companies continue to treat customers fairly, deliver consistently high levels of service and support those customers facing financial difficulty.

Further information about UKAR is available at www.ukar.co.uk.

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