New Guaranteed Return Account From Skipton International Limited Paying up to 3% Gross/AER

LONDON - Skipton International Limited, (www.skiptoninternational.com) the new Guernsey bank created on 28 September 2009 following the amalgamation of Skipton Guernsey and Scarborough Channel Islands, has launched a new fixed return account paying 3.00% gross/AER on deposits of over GBP100,000. The interest rate is guaranteed until 31 October 2010.

During the first year, the International Bonus Account pays interest on a tiered basis, so the bigger the deposit, the higher the interest rate received. During the first year of the account’s life, deposits from GBP50,000 to GBP99,000 will received 2.90% gross/AER, whilst those from the account opening minimum of GBP10,000 to GBP49,999 will receive 2.75% gross/AER, with rates again guaranteed until the end of October 2010. The account is designed for private investors with new funds.

From 01 November 2010, the International Bonus Account will offer a guaranteed minimum of Bank of England Base Rate plus 1%, with interest rates adjusted on the first day of the month following any Base Rate changes. From 01 November 2011 the interest rate for all balances will be a guaranteed minimum of Bank of England Base Rate, with rates again adjusted on the first day of the month following any Base Rate change. Finally, from 01 November 2012, the account reverts to a fully variable rate structure. The International Bonus Account is a limited offer product which will be withdrawn when fully subscribed.

With no notice required and no penalties for withdrawals, the account offers high levels of transparency. Interest is payable annually and can be added to the account balance or paid away to another account.

Commenting on the new Skipton International Bonus Account, commercial director Jim Coupe said, “This account is designed for customers looking for an excellent return from a recognised specialist in the offshore savings market. Customer service and ease of account operation are at the core of our business philosophy, so each time the interest rate on this and all our accounts changes, we will write to all of our customers individually, so they know where they stand.”

Skipton International Ltd offers a range of sterling, euro and US dollar accounts and is part of Skipton Building Society, the fifth largest in the UK with over GBP15 billion assets.

For more information on Skipton International products, visit www.skiptoninternational.com or call +44 (0) 1481 727374

Editor’s notes:

1) Skipton International Limited (SIL) is a wholly owned subsidiary of Skipton Building Society, the UK’s 5th largest building society with over GBP15 billion assets.

2) SIL is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended and conducts business only in the Bailiwick of Guernsey, it is not authorised to accept deposits elsewhere.

3) Skipton Building Society has given an undertaking agreeing to discharge the liabilities of SIL in so far as SIL is unable to discharge them out of it own assets and whilst SIL remains a subsidiary of Skipton Building Society.

4) As a Licensed Bank in Guernsey, Skipton International Limited is a participant in the Guernsey Banking Deposit Compensation Scheme (the “Scheme”) established by The Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 (the “Ordinance”). The following is a brief summary of the Scheme, but is not intended as a substitute for the actual wording of the Ordinance, a copy of which is available on request.

- The Scheme only applies to ‘qualifying deposits’, which broadly means deposits made by natural persons for their own benefit; with a few limited exceptions such as, for example, deposits made by trustees of retirement annuity trust schemes, the Scheme does not apply to companies, trusts, partnerships or charities. - The Scheme will provide compensation in the event that a Licensed Bank is unable to repay its depositors. Under normal circumstances, payment will be made within 3 months of receipt of a valid claim form. - Compensation is limited to a maximum of GBP50,000 per individual claimant; in the case of a joint account each depositor would be entitled. - Total Scheme compensation in any five year period is limited to GBP100 million. If claims exceed this cap, compensation would be reduced pro rata. The cap also means that compensation in respect of any one bank cannot exceed GBP100 million. - The amount payable may be reduced if the Bank has any contractual right of set-off against the account. The Scheme is entitled to recover compensation from any funds subsequently paid out by the Bank. - Further information and a leaflet about the Scheme is available at: Website: www.dcs.gg Telephone: +44-(0)1481-722756 Post: P.O. Box 380, St Peter Port, GY1 3FY

5) Deposits made with SIL are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000.

6) Copies of the latest audited accounts are available on request.

Media contacts: Please contact: Guy Stephenson/Jennifer Duffy Nacelle Limited Tel: +44-(0)20-8333-9125 +44-(0)7980-241-558 E-mail: jenny@nacelle.co.uk

Source: Skipton International Limited

Media contacts: Please contact: Guy Stephenson/Jennifer Duffy, Nacelle Limited, Tel: +44-(0)20-8333-9125, +44-(0)7980-241-558, E-mail: jenny at nacelle.co.uk