EPT Disclosure

RNS Number:2020O
Credit Suisse Securities (Eur) Ltd
18 February 2008


FORM 38.5 (a)
DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
WITH RECOGNISED INTERMEDIARY STATUS
DEALING IN A CLIENT-SERVING CAPACITY
(Rule 38.5(a) of the Takeover Code)
1.  KEY INFORMATION
Name of exempt principal trader                             Credit Suisse Securities (Europe) Limited
Company dealt in                                            Northern Rock Plc
Class of relevant security to which the dealings being      Ordinary Shares
disclosed relate (Note 1)
Date of dealing                                             15-Feb-2008
2.  DEALINGS (Note 2)
(a) Purchases and sales
Total number of securities purchased                        Highest price paid (Note 3)   Lowest price paid (Note 3)
23000                                                       0.9625 (GBP)                  0.9 (GBP)

Total number of securities sold                             Highest price received (Note  Lowest price received (Note
                                                            3)                            3)
23000                                                       0.9625 (GBP)                  0.9 (GBP)
(b) Derivatives transactions (other than options)
Product name, e.g. CFD   Long/short (Note 4)    Number of securities (Note 5)           Price per unit (Note 3)

(c)  Options transactions in respect of existing securities
(i)  Writing, selling, purchasing or varying
Product        Writing, selling,     Number of securities to      Exercise Type, e.g. American,   Option money paid/
name,e.g. call purchasing, varying   which the option relates     price    European etc.Expiry    received per unit
option         etc.                  (Note 5)                              date                   (Note 3)

(ii)  Exercising
Product name, e.g. call option            Number of securities          Exercise price per unit (Note 3)

3.  OTHER INFORMATION
Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced. If none, this should be stated.
Date of disclosure                                          18-Feb-2008 10:26:46
Contact name                                                Collins,Carolyn
Telephone number                                            44 20 7888 0241
Name of offeree/offeror with which connected                J.C. Flowers & Co LLC
Nature of connection (Note 6)                               ADVISOR
Notes
The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/.


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