MBNA Launches Longest Ever Balance Transfer Offer

CHESTER, England, March 16, 2011 - MBNA today (Wednesday, 16 March) launches its longest ever balance
transfer offer for new customers in the UK.

The MBNA Balance Transfer credit card offers 0% on balance transfers for
18 months from account opening (when made within the first 60 days), with a
2.88% handling fee.

The MBNA Balance Transfer credit card also offers 0% on card purchases
for the first three months. The card has a representative rate of 16.7% APR
variable.

Will Curley, product executive for MBNA, said: "This is our longest ever
balance transfer offer and one of the longest balance transfer credit card
deals in the UK. Once again, we are demonstrating our commitment to
developing and delivering market leading products to our customers.

"We will continue to build products which offer our customers 'best in
class' choice and find the great value they want to serve their needs."

The announcement follows the launch, last week, of MBNA's first cash back
credit cards in the UK; enabling customers to earn an unlimited amount of
cash back for their card purchases.

The new balance transfer credit card will be contactless-enabled (click
here (www.mbna.co.uk/understanding-credit/contactless/index.html) for
details) and is available now on MBNA's website: www.mbna.co.uk.

About MBNA Europe Bank

MBNA Europe is a wholly owned subsidiary of Bank of America Corporation
(NYSE: BAC) and is the recognised leader in affinity marketing.

For more information, visit the company's website at
www.mbna.co.uk or Bank of America's website at
www.bankofamerica.com.

Editor and supplementary notes:

The information contained in MBNA Europe's press releases is intended
solely for journalists and should not be used by consumers to make financial
decisions. Any consumer interested in finding out more about any of MBNA
Europe's products should visit www.mbna.co.uk for full terms and
conditions.

For further information, contact: Gary Jenkins, Vice President - Communications, Bank of America Europe Card Services, Tel: +44(0)1244-574136, Mobile: +44(0)7825-721118, Fax: +44(0)1244-672468, Email: gary.jenkins at mbna.com