Petitions to Transfer Business
In the High Court of Justice (Chancery Division)
Companies Court No 2229 of 2011
IN THE MATTER OF
LLOYDS TSB BANK PLC
— and —
IN THE MATTER OF
BANK OF SCOTLAND PLC
— and —
IN THE MATTER OF
PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
NOTICE IS HEREBY GIVEN that by a Part 8 claim form dated 24 March 2011, Bank of Scotland plc and Lloyds TSB Bank plc applied to the High Court of Justice for an Order under section 111 of the Financial Services and Markets Act 2000 (the “ Act ”) sanctioning a scheme (the “ Scheme ”) for the transfer to Lloyds TSB Bank plc of the Customer Relationships (as defined in the Scheme) of Bank of Scotland plc, and for the making of ancillary provisions in connection with the implementation of the Scheme under section 112 of the Act. Bank of Scotland plc is a wholly owned subsidiary of HBOS plc which is a wholly owned subsidiary of Lloyds TSB Bank plc.
The Customer Relationships to be transferred pursuant to the Scheme comprise each of those customers within the major corporate and financial institution part of Bank of Scotland’s Corporate Markets deposit-taking and lending business who will have been notified that their entire banking relationship is to be so transferred. Such business will include all applicable third party guarantees and other forms of security which will therefore be transferred to Lloyds TSB Bank plc pursuant to the Scheme.
The application is directed to be heard before the Companies Court Judge at the Royal Courts of Justice, Strand, London WC2A 2LL on 24 May 2011. Any person (including any customer of Bank of Scotland plc or Lloyds TSB Bank plc) who considers that he or she would be adversely affected by the carrying out of the Scheme may appear at the time of the hearing in person or by Counsel. Any person who intends so to appear, or who dissents from the Scheme but does not intend so to appear, is requested to give not less than three clear days’ prior notice in writing of such intention or dissent, and the reasons therefor, to Hogan Lovells International LLP, the solicitors for Bank of Scotland plc and Lloyds TSB Bank plc (Ref: C4JDB).
Copies of a statement setting out the terms of the Scheme and a copy of the Scheme can be obtained free of charge from Bank of Scotland plc, from its website at www.lloydsbankcorporatemarkets.com/changes-to-your-banking-relationship and by writing to Bank of Scotland plc at Financial Institutions, Integration Project, 2nd Floor, Corporate Banking, Lloyds Banking Group, 25 Gresham Street, London EC2V 7HM or by telephone on 020 7158 3083.
Dated 8 April 2011
Hogan Lovells International LLP, Atlantic House, Holborn Viaduct, London EC1A 2FG
Tel: +44 (0) 20 7296 2000 Fax: +44 (0) 20 7296 2001
Solicitors for Bank of Scotland plc and Lloyds TSB Bank plc