UK Financial Investments Limited Information

UK Financial Investments Ltd (UKFI) was created in November 2008 as part of the UK’s response to the financial crisis. UKFI is responsible for managing the Government’s shareholdings in The Royal Bank of Scotland Group plc (RBS) and Lloyds Banking Group plc (Lloyds). UKFI is also responsible for managing the Government’s 100 per cent shareholding in and loans to UK Asset Resolution Ltd (UKAR). UKAR was formed in October 2010 to integrate the activities of NRAM (previously known as Northern Rock (Asset Management) plc) and Bradford & Bingley plc. UKFI’s overarching objective is to manage these shareholdings commercially to create and protect value for the taxpayer as shareholder and to devise and execute a strategy for realising value for the Government’s ownership stakes in an orderly and active way over time within the context of protecting and creating value for the taxpayer as shareholder, paying due regard to the maintenance of financial stability and acting in a way that promotes competition. UKFI is a Companies Act Company with UK Government Investments Ltd as its sole shareholder and HM Treasury as its ultimate beneficial owner. It operates at arm’s-length from Government. More detail on UKFI’s role, remit and ownership approach is set out in our Framework Document and Investment Mandate with HM Treasury, which can be found at www.ukfi.co.uk.