65DV Mufg Bk. 45

TIDM65DV

RNS Number : 7966B

CHESS Capital Securities plc

24 February 2011

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the United States), TO ANY U.S. PERSON OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY.

24th February, 2011

Result of Tender Offer by CHESS Capital Securities plc for any and all of its outstanding EUR125,000,000 Perpetual Tier-One Pass-Through Securities (ISIN: XS0225592145)

CHESS Capital Securities plc (the Company), today announces the acceptances and results of its invitation to holders of its outstanding EUR125,000,000 Perpetual Tier-One Pass-Through Securities (ISIN: XS0225592145) (the Notes) to tender their Notes for purchase by the Company for cash (the Offer). The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 2nd February, 2011 (the Tender Offer Memorandum) prepared by the Company for the Offer.

Acceptance of EUR18,924,000 in aggregate principal amount of the Notes tendered pursuant to the Offer

The Offer expired at 5.00 p.m. (London time) on 23rd February, 2011. Of the EUR37,853,000 in aggregate principal amount of Notes currently outstanding, EUR18,924,000 in aggregate principal amount of the Notes has been validly tendered for purchase and not withdrawn in accordance with the terms and conditions of the Offer. The Company has decided to accept for purchase, subject to satisfaction of the Settlement Condition described in the Tender Offer Memorandum, all such Notes validly tendered pursuant to the Offer.

The Company will pay EUR175 (the Purchase Price) for each EUR1,000 in principal amount of the Notes accepted by it for purchase pursuant to the Offer. The Company will not pay any amount in respect of accrued interest on the Notes. The expected settlement date is Friday, 25th February, 2011.

The Offer was subject to restrictions in various jurisdictions, as further described in the Tender Offer Memorandum. This announcement must be read in conjunction with the Tender Offer Memorandum.

Further Information

The Offer is described in full in the Tender Offer Memorandum. J.P. Morgan Securities Ltd. (Telephone: +44 20 7779 2468 or +44 20 7777 1333; Email: fig_syndicate@jpmorgan.com or sebastien.m.bamsey@jpmorgan.com) is acting as Dealer Manager for the Offer. Lucid Issuer Services Limited (Telephone: +44 20 7704 0880; Fax: +44 20 7067 9098; Email: chess@lucid-is.com) is acting as the Tender Agent for the Offer.

The information contained in this announcement is for informational purposes only and does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions.

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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