UK Asset Resolution Ltd (“UKAR”) announces that Michael Buckley has today retired from his role as Non-Executive Director from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited.

Mr Buckley will be succeeded by Brendan Russell who will take up his position on the Boards with immediate effect.

Mr Russell brings a wealth of corporate banking and finance experience to the Boards, having previously held a number of senior roles with the major banks and consultancy firms, most recently with Royal Bank of Scotland.

ENDS

Media Contact:

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

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