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RNS Number : 2394E

Arbuthnot Banking Group PLC

04 May 2017

PRESS RELEASE

For immediate Release

4 May 2017

Arbuthnot Banking Group PLC

Annual General Meeting Statement - 2017

The Board of Arbuthnot Banking Group PLC ("ABG" or "the Group") announces that shareholders approved all the resolutions proposed at the Annual General Meeting held today Thursday 4 May 2017.

At the meeting the Chairman, Sir Henry Angest, made the following statement:

"The Group has had a good start to the year, and as already announced Arbuthnot Latham completed the acquisition of Renaissance Asset Finance on 28 April.

Lending balances are more than 36% higher than the previous year and are 16% higher than at the year end.

Customer Deposits for Arbuthnot Latham have increased beyond GBP1bn for the first time and now stand at GBP1.1bn.

The Group continues to grow its current businesses, while remaining open to further opportunities that may arise. We are confident of making good progress during the rest of the year."

-ENDS-

Enquiries:

 
 Arbuthnot Banking Group 
  Sir Henry Angest, Chairman and Chief Executive 
  Andrew Salmon, Chief Operating Officer 
  James Cobb, Group Finance Director                   020 7012 2400 
 Stifel Nicolaus Europe Ltd trading as KBW (Nomad 
  and Joint Broker) 
  Robin Mann 
  Gareth Hunt 
  Stewart Wallace                                    0207 710 7600 
 Numis Securities Ltd (Joint Broker) 
  Chris Wilkinson                                    0207 260 1000 
 Bell Pottinger (Financial PR) 
  Sam Cartwright                                     0203 772 2588

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 04, 2017 10:29 ET (14:29 GMT)

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