Co-op Group statement on Co-operative Bank announcement regarding sale process and options to build capital

13 February 2017

As a minority investor in The Co-operative Bank, the Co-op Group is supportive of the plan to find the Bank a new home. We will continue to work with the Bank and other investors through the process. We are focused on finding the best outcome for our members, two million of whom are Bank customers, as well as the members of our shared pension scheme which is well funded and supported by the Group. Our goal is to ensure the continued provision of the type of co-operative banking products our members want.

Media Enquiries:

The Co-operative Group

Jon Church: 07545 210812

Russ Brady: 07880 784442

Tulchan Communications: 020 7353 4200

Susanna Voyle

Jonathan Sibun