Bradford & Bingley

On 30th July 2009, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Bradford & Bingley Senior auction administered by Creditex and Markit to settle trades across the market referencing Bradford & Bingley PLC.

The Bradford & Bingley Deliverable Obligations are denominated in EUR, GBP and CHF.

Relevant Currency

EUR

Relevant Currency
EUR

Auction Currency Rates

EUR/CHF 0.65585

EUR/EUR 1.00000

EUR/GBP 1.15995

Auction Currency Rates
EUR/CHF	0.65585
EUR/EUR	1.00000
EUR/GBP	1.15995

The inputs and results are detailed below.

Dealer Inside Markets

Dealer	Bid	Offer	Dealer
Bank of America N.A.	85	89	Bank of America N.A.
Barclays Bank PLC	83	87	Barclays Bank PLC
BNP Paribas	83	87	BNP Paribas
Citigroup Global Markets LTD	82.5	86.5	Citigroup Global Markets LTD
Credit Suisse International	82.5	86.5	Credit Suisse International
Deutsche Bank AG	86	90	Deutsche Bank AG
Goldman Sachs International	85	89	Goldman Sachs International
HSBC Bank PLC	83	87	HSBC Bank PLC
JPMorgan Chase Bank, N.A.	84.5	88.5	JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International PLC	85.5	89.5	Morgan Stanley & Co. International PLC
Nomura International PLC	83	87	Nomura International PLC
The Royal Bank of Scotland PLC	85.5	89.5	The Royal Bank of Scotland PLC
Société Générale	85	89	Société Générale
UBS AG	80	84	UBS AG

Inside Market Midpoint: 85.875

Adjustment Amounts

UBS AG: €37,500

Physical Settlement Requests

Dealer	Bid/Offer	Size
Bank of America N.A.	Offer	12.3
Citigroup Global Markets LTD	Offer	0
Credit Suisse International	Offer	36.802
Deutsche Bank AG	Offer	0
Goldman Sachs International	Offer	0
HSBC Bank PLC	Offer	0
Morgan Stanley & Co. International PLC	Offer	7.327
Nomura International PLC	Offer	0
The Royal Bank of Scotland PLC	Offer	0
Société Générale	Offer	0
BNP Paribas	Bid	0
Barclays Bank PLC	Bid	5.563
JPMorgan Chase Bank, N.A.	Bid	186.2
UBS AG	Bid	10

Net Open Interest: €145.334 million to buy

Sum of Buy Physical Requests	€201.763m
Sum of Sell Physical Requests	€56.429m
Sum of Physical Request Trades	€56.429m
Sum of Limit Order Trades	€145.334m

Limit Orders

Dealer	Offer	Size
Goldman Sachs International	85.875*	8.5
UBS AG**	85.875*	2
Credit Suisse International**	86.5*	2
Citigroup Global Markets LTD**	86.5*	2
Goldman Sachs International	86.875*	5
Nomura International PLC**	87*	2
Barclays Bank PLC**	87*	2
HSBC Bank PLC**	87*	2
BNP Paribas**	87*	2
Goldman Sachs International	88.5*	5
JPMorgan Chase Bank, N.A.**	88.5*	2
Morgan Stanley & Co. International PLC	89*	10
Bank of America N.A.**	89*	2
Société Générale**	89*	2
Goldman Sachs International**	89*	2
Bank of America N.A.	89*	1.6
Morgan Stanley & Co. International PLC**	89.5*	2
The Royal Bank of Scotland PLC**	89.5*	2
Goldman Sachs International	90*	10
Goldman Sachs International	90*	5
Deutsche Bank AG**	90*	2
Goldman Sachs International	90*	2
Barclays Bank PLC	91*	2.5
Bank of America N.A.	91*	1.6
UBS AG	91.25*	8.78
Morgan Stanley & Co. International PLC	92*	10
The Royal Bank of Scotland PLC	94.25*	3.145
JPMorgan Chase Bank, N.A.	94.625^	145.334
UBS AG	95	5
Barclays Bank PLC	95	1.75
The Royal Bank of Scotland PLC	97.75	1
Deutsche Bank AG	100	145.334
Credit Suisse International	100	100
The Royal Bank of Scotland PLC	102	50

** Limit Orders that were derived from inside markets.

* Limit Orders that were filled.

^ Limit Orders that were partially filled.

Subordinated

Final Results of the Bradford & Bingley Subordinated Auction, 30th July 2009

Final Price: 5

On 30th July 2009, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Bradford & Bingley Subordinated auction administered by Creditex and Markit to settle trades across the market referencing Bradford & Bingley PLC.