Investor Presentaiton

Unrealised (losses)/profits on revaluation of investments 2009 2008 £m £m Earnings and multiple based valuations. - Earnings Earnings multiples. (412) (162) - Earnings growth 14 307 Loans - Impairments (earnings basis) (620) (16) First time movements from cost (584) 154 Other bases Provisions (156) (150) Uplift to imminent sale (140) 83 Loans - Impairments (other basis). (228) (22) Other movements on unquoted investments (188) 33 Quoted portfolio (126) 64 Total (2,440) 291 Zi 24

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