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Anthony Thomson to step down as Metro Bank Chairman

27th September 2012

Anthony Thomson is to step down from Metro Bank PLC (“Metro Bank”) at the end of 2012.

Vernon W. Hill, Metro Bank co- founder, commented: “Metro Bank, the first new UK retail bank in over 100 years, would not have happened without Anthony’s vision to bring a new style of retail banking to Britain. The board directors and every one at Metro Bank salute him for his invaluable contribution, hard work and foresight.”

Anthony Thomson commented: “The past five years helping to build Metro Bank has been the most exciting and enjoyable in my 30 years of business life. I am confident that the board, executive team and my other colleagues at the bank will continue to build upon the vision that Vernon and I first had back in 2007, to revolutionise banking in the UK. I plan on taking a break then continuing to develop my various business and philanthropic interests.”

The Metro Bank board will appoint a new Chairman by January 2013. Now beginning its third year, Metro Bank is growing rapidly in both consumer and business banking. Metro Bank has successfully completed three rounds of external funding; the most recent in June raised additional capital of £126 million to fuel expansion to 200 stores by 2020. Metro Bank’s growth plans include a public listing in 2014.