Reduction of Capital
In the Matter of CLYDESDALE BANK PLC
Company Number: SC001111
Notice is hereby given that, on 23 April 2015, a Petition was presented to the Court of Session (the “Court”) by Clydesdale Bank PLC, a public company incorporated under the Companies Acts and with its registered office at 30 St Vincent Place Glasgow G1 2HL (the “Company”), seeking an order confirming (i) the cancellation of the share premium account of the Company (amounting to £243,000,000) and (ii) the reduction of the issued share capital of the Company by cancelling 337,500,000 B shares of £1 each (together the “Cancellations”), which were approved by special resolutions of the Company passed on 25 March 2015. On 23 April 2015, the Court ordered (i) that the Petition be advertised once in each of The Edinburgh Gazette, and The Herald and The Financial Times (UK and international editions), and (ii) that any person claiming an interest in the Cancellations lodge Answers to the Petition, if so advised, at the offices of the Court, 2 Parliament Square, Edinburgh EH1 1RQ within 21 days of the publication of the last of those advertisements. As the last of these notices is expected to be published on 4 May 2015, the deadline for lodging Answers to the Petition is expected to be 25 May 2015. In accordance with its practice, the Court is also likely to consider any other objections which are made to it, in writing or in person, at the hearing of the Petition to confirm the Cancellations. That hearing is expected to take place at the Court on 28 May 2015. Should that date change, the new date will be advertised on the website of the Company (http:// www.cbonline.co.uk/).
