Arbuthnot Banking Group PLC

AGM Statement

The Board of Arbuthnot Banking Group PLC announces that today, 12 May 2010, shareholders approved all resolutions proposed at the Annual General Meeting of Arbuthnot Banking Group PLC.

At the Annual General Meeting this afternoon, Henry Angest, Chairman and Chief Executive of the Group, made the following statement:

“Trading in the first four months of 2010 has been in line with expectations for the year to date and ahead of the performance in the corresponding period of 2009.  In accordance with our prudent banking philosophy, both of our banks, Arbuthnot Latham and Secure Trust Bank, remain highly liquid and well capitalised.  We continue to see good lending opportunities in both businesses.  Arbuthnot Securities is trading profitably in 2010 despite the IPO market remaining difficult and is making good progress in developing the secondary side of the business.

Despite the outcome of the election, we still face uncertainty in what remains a fragile financial market; and so it is appropriate to be even more cautious than usual in making forward-looking statements.  With that caveat, we remain positive on the outlook for the remainder of 2010.”

Enquiries:

Arbuthnot Banking Group                                                       Tel. No.:    020 7012 2400

Henry Angest              Chairman & Chief Executive

Andrew Salmon          Chief Operating Officer

James Cobb                 Group Finance Director

Pelham Bell Pottinger                                                                Tel. No.:    020 7337 1519

Polly Fergusson                                                                                               07775 851562