Co-Operative Bank Finance PLC (The) Audit Tender (1545N)

TIDM93RD TIDMTTM

RNS Number : 1545N

Co-Operative Bank Finance PLC (The)

18 January 2023

The Co-operative Bank p.l.c.

18 January 2023

Audit Tender

The Co-operative Bank p.l.c. and The Co-operative Bank Finance p.l.c. ("Bank") announces its intention to appoint PricewaterhouseCoopers LLP ("PwC") as its auditor for the year ending 31 December 2024. This follows a competitive mandatory tender process overseen by the Audit Tender Steering Group of the Joint Audit Committee, resulting in a recommendation, which was approved by the Bank board.

Ernst & Young LLP ("EY"), the Bank's current auditor, will continue in their role and will undertake the audit of the Bank for the year ending 31 December 2023, subject to re-appointment by the shareholders at the 2023 Annual General Meetings ("AGM").

The appointment of PwC will be recommended to the Bank's shareholders for approval at the 2024 AGM.

Glyn Smith, Chair of the Joint Audit Committee, said, "We are pleased to have conducted a thorough, open and transparent audit tender process and thank EY for their significant contribution as the Bank's auditor. We look forward to working with PwC in the future."

Media enquiries

Dan Chadwick, Head of External Communications: +44 (0) 7724 701 319

Nicki Parry, Head of Media Relations: +44 (0) 7734 002 983

Sam Cartwright, Maitland/AMO: +44 (0) 7827 254 561

Investor Enquiries

investorrelations@co-operativebank.co.uk

Gary McDermott, Treasurer and Head of Investor Relations: +44 (0) 7811 599495

The person responsible for arranging the release of this announcement on behalf of the Bank and The Co-operative Bank Finance p.l.c. is Catherine Green, Company Secretary.

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation, inducement or

solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities

or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

The Co-operative Bank p.l.c. LEI: 213800TLZ6PCLYPSR448

The Co-operative Bank Finance p.l.c. LEI: 213800KNE8ER4N9BLF11

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January 18, 2023 07:13 ET (12:13 GMT)

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