Abbey Limited: New Homes, Property Developers, Construction, Builders

Board Appointment

Board Appointment 07.12.2011

Abbey wish to announce the appointment of Mr Michael McNulty FCA

, F Inst D, AITI as a non-executive Director of the Company and also as a member of the Audit and Remuneration Committees. Mr McNulty was formerly a Senior Audit Partner of Ernst & Young in Ireland, together with being the previous head of their Corporate Finance Division. The Board of Abbey plc is delighted that Mr McNulty has accepted this appointment.

Mr McNulty is, or has within the last 5 years been, a director of the following companies:

                 (i) is currently a director of:-

                                   StayinFront Limited

                                   University College Dublin Foundation Limited

                                   McNulty & Sons Limited

                                   Irish Payments Services Organisation Limited

                                   Fogfree Mirror Limited

                  (ii) was previously a director of:-

                                   Kavanagh Grain Limited

                                   Manor Seeds Company Limited

There is no further information to be disclosed in respect of Mr McNulty as required by Schedule 2, Paragraph g, of the AIM and ESM rules for companies.

Charles H. Gallagher

Executive Chairman

7 December 2011