1. = 1

2. Skye Bank Overview December 2009 & March 2010 Results & Performance Highlights 2010 Financial Year Outlook Appendices Outline: 2 3 4-11 12-13 14-43 Page

3. Skye Bank is strong in key financial centers of Nigeria  Strong presence in Abuja- National Capital; Lagos- the Commercial nerve centre; and Rivers- the Oil & Gas Capital Efficiency in Transaction Processing & IGR  Top 5 in payment transactions & top 4 IGR Collecting Bank (10% industry total)  Top 4 in ATM & POS businesses  New Mandates (Sep 2009-March 2010): 1. Lead Bank IGR- Bauchi, Yobe & Taraba; Collecting Bank IGR in Katsina & Gombe; Autoreg: Borno, Kebbi, Taraba & Sokoto 2. E-IGR for various local governments 3. Won the ‘Most Efficient ATM Network’ Award by Interswitch in 2009 Top 5 Industry Position  Ranks 5 th in industry by Book Value & Assets (N622 billion) Independent of any Controlling Interest  Well diversified shareholder base  No single shareholder accounts for more than 5% W HO W E A RE/ K EY S TRENGTHS 3 Focus on Efficiency  Headcount/Staff cost reduction  Continuous scale-down of operations in certain locations

4. P ERFORMANCE H IGHLIGHTS – FY09 Vs FY08 (BANK) P&L Balance Sheet Other Key Ratios The Efficiency Focus N127 bn Gross Earnings (from N75 bn) N47 bn Net Interest Income (from N30 bn) Positive PAT (despite additional provision ) Total Assets of N622 bn (declined by 21%) 72% Loan to Deposit Ratio (LDR) 40% Liquidity Ratio (regulatory minimum is 25%) ROE 1.28% ROA 0.18% Capital Adequacy at 17% (regulatory minimum is 10%) Successful recovery efforts for write-back of loans Net placer of funds in inter-bank market Industry leader in ATM & POS transactions +70% +55% 4 These figures reflect 15month period ended Dec 2009

5. Stronger and more Resilient Financial Institution Increased number of Financial Products and Channels Superior Service Quality Stable Liquidity and Asset quality: Loans and advances increased by 30% (N251bn to N327bn) Long term borrowings reduced by 94% (FY 08: N37.5 bn) Capital Adequacy ratio above regulatory minimum at 17% Marginal decline of 7% in Group Shareholders’ Fund Profitability: Steady growth in Gross Earnings (annual growth rate of 37%) Recovery efforts now paying off (over N10 bn recovered within 4Q09, expect to recover additional N14bn in FY10) Group Interest income increased by 85% (from N54bn to N100bn) Group PBT declined from N22bn to N845 mn (subsequent to N32 bn additional provisioning during the year) Sustainable earning strength supported by…. Earnings growth through robust ICT payment platform (IGR & other revenue collection mandate, Industry leader in automated transactions) Efficient use of resources for optimized returns Integrated financial services model (Financial Advisory, Mortgage, Asset Management, Trusteeship) Performance highlights... (Cont’d) 5

6. ParametersFY 09FY 08YoY (N’million) % Change Gross Earnings131,52176,60572% Provisions-34,847-4,113747% PBT84521,690-96% PAT915,826-99% Assets632,511790,708-20% Deposits455,990520,472-12% Loans & Advances327,190251,43030% Shareholders’ Funds90,43096,789-7% ROE0.010%16.12% ROA0.001%1.93% Interest Income Margin48.041%55.64% 6 GROUP FINANCIAL SUMMARY:

7. 7 F INANCIAL SUMMARY (Cont’d) ParametersFY 09 Actual Annualized FY 09FY 08YoY (N’million) % Change Gross Earnings131,521105,21776,60537% PBT84567621,690-97% Provisions-34,847-27,878-4,113578% PAT9715,826-100% ParametersFY 09 Actual Annualized FY 09FY 08YoY (N’million) % Change Gross Earnings126,665101,33274,61536% PBT2,1481,71820,425-92% Provisions-31,337-25,070-3,981530% PAT1,13090415,126-94% Annualized Group Data Annualized Bank Data

8. P ERFORMANCE H IGHLIGHTS (Cont’d) March 2010 compared to December 2009 The Efficiency Focus  Gross Earnings of N24billion  Over 30% growth in PBT (from N2.1 billion to N2.8 billion)  Deposits of N500 billion, over 9% growth from N458 billion  Positive (5%) growth in Total Assets, from N622 billion to N654 billion  Capital Adequacy ratio of 17% 8 March 2010 compared to March 2009  Total Asset grew by 40% (from N467 billion to N654 billion)  Loans & Advances of N323 billion from N209 billion (recorded growth of 55% despite challenging economic conditions)  72% growth in Deposits (up from N290 billion to N500 billion)  Gross Earnings of N24 billion

9. ParametersJan-Mar ‘10Oct-Dec ‘09 (N’million) % Change Gross Earnings23,76825,217-6% PBT2,80414,782-81% Provisions-600-31,33798% PAT2,24311,825-81% Assets653,874622,1645% Deposits499,859452,98110% Loans & Advances323,351328,184-2% Shareholders’ Funds88,032 0% ROE2.55%1.28% ROA0.34%0.18% Interest Income Margin42.38%37.18% Capital Adequacy16.96%16.83% Avg Cost of Fund2.25%9.44% 9 F INANCIALS – Q110 Vs Q109 (Bank)  Leveraging core competences in ICT platforms for sustainable business growth  Earnings declined 6% from N25 billion to N24 billion  Deposits grew by 10%, thus enabling balance sheet expansion for profitability and growth  We expect to see sustainable growth to 2010 year-end PERFORMANCE REVIEW Reduction in top-line Earnings as a result of a decrease in fees and commissions on new loans & advances and impact of severance benefits to laid-off staff

10. 10 (N’billion) Total Provisions to Sep 2009 51.7 Analysis of Initial Provisions -Risk Assets17.2 -Others 2.3 Total Initial Provisions19.4 Analysis of Additional Provisions (Post CBN/NDIC Exam) -Capital Market13.0 -Oil & Gas 1.8 -Real Estate7.0 -Manufacturing2.7 -Others7.7 Total Additional Provisions32.3 Provisioning

11. CLASSIFICATION AMOUNT (N’BILLION) SUB STANDARD2.08 DOUBTFUL2.69 LOST5.19 TOTAL9.96 S/NINDUSTRYTOTAL (N’bn) 1 Manufacturing2.38 2 General Commerce1.55 3 Oil & Gas1.08 4 Hospitality0.88 5 Oil & Gas0.72 6 Hospitality0.50 7 Construction0.41 8 Maritime0.41 9 Oil & Gas0.41 10 Real Estate0.35 Total 8.69  About N10 billion recovered between Sep 09 & Dec 09  Huge opportunity for earnings growth in 2010 as a result of write-backs 11 Reinvigorated recovery efforts paying-off CLASSIFICATION AMOUNT (N’MILLION) PERFORMING286, 332 SUB STANDARD 22, 436 DOUBTFUL 22, 775 LOST 23, 889 TOTAL 355,432 *Included in the NPL is a sum of N22 billion marked to market  Total Non Performing Loan of N69.1 billion in FY09  NPL ratio of 19%

12. 12 Recoveries…  Expected Recovery of N14 billion to December 2010  Mostly contributed by Substandard Loans  Therefore, net effect would not be significant on Profit (likely between N3.5 billion to N4 billion) New Developments… Interest Income Margin… Asset Growth & Capitalization  FY 09 at 48.04%  Seeking to return to FY 08 levels between 55%-60%  Efficient repricing of Risk Assets & Deposit Liabilities  Received N5.6 billion under CBN’s Commercial Agriculture Credit Scheme at 0% interest for a 7year tenor (for on-lending at 9%)  Current strategy targeting loan growth of 20%  Current level of capitalization of 17% CAR (for the Bank) sufficient for current loan growth target and current statutory minimum  Management seeks shareholders’ approval for the flexibility to raise additional Equity or Tier 2 Capital Profit Outlook…  Return to at least FY08 profitability levels  Medium-term ROE target of 20%

13. 13 CLASSIFICATIONAMOUNT (N’MILLION) Total NPL69,100 Marked to Market(21,575) Net NPL47,525 Expected Recoveries(14,000) Expected NPL33,525 CLASSIFICATION AMOUNT (N’MILLION) Expected NPL33,525 Expected Gross Loans (20% increase)426, 518 Expected NPL Ratio to December 20107.86%

14. 14 Business Focus & Footprints Integrated Model Risk Management Framework Financials Strategic Outlook Outline of Appendices:

15. B USINESS F OCUS & F OOTPRINTS ….. Transportation  Transformed road transportation in the Nigeria’s Oil Capital- Port Harcourt  Financed the largest Cab & Bus services in Lagos State  Major financier of Lagos Government/Mass Transport Scheme  Lead Financier/Facility Arranger for Port Harcourt Monorail System – valued at Euro 326 million Power  Lead Financier & Arranger for two Independent Power Projects (IPP) in South Western Nigeria – combined value $500 million  Provided Financial & Advisory services on the 110MW power project in North Eastern Nigeria Construction, Hospitality & Infrastructure  Financed a major Ultra Modern Hotel in Rivers State (South-South)  Financier of the largest Hotel in Lagos (planned commencement in Dec 2010)  Financier of several Residential Housing Estates in Lagos, Abuja and Port Harcourt ($1.5 billion since 2000)  Wholly funded one of the best private schools in Lagos State Project Finance Agriculture  Revitalization/Funding of West Africa’s leading Cocoa Factory- Multitrex  Lead Financier of the Federal Ministry of Agriculture’s “Rice Plantation & Settlement Scheme” – South West and Northern Nigeria  Received N5.6 billion under CBN’s Commercial Agriculture Credit Scheme at 0% interest for a 7year tenor (for on-lending at 9%) 15

16. B USINESS F OCUS & F OOTPRINTS ….. (Cont’d) Oil & Gas- Upstream  Major contributor in $254million syndicated funding for exploration & production (EP) development of an OPL under PSC agreement with NNPC and 70km 20” & 35km 10” liquid hydrocarbon transportation pipeline (in 2009)  Wholly financed engineering, procurement, construction, and installation of 2000mm SCF Gas processing Plant in 2009  Major financier of 4 out of 6 major producing & performing marginal oil fields in Nigeria Oil & Gas- Downstream  Financier of one of the largest facilities in the industry- a $25million 66,000MT capacity tank farm  Major banker to several high-end international suppliers of refined petroleum products  Financed acquisition of several Liquefied Gas Plants and vessels in excess of $25m Maritime/Shipping  Financed the acquisition of first-ever Nigerian flagged vessel to sail from the US to Nigeria  Financed various vessel acquisitions in excess of $200million  Financed the acquisition and upgrade of the biggest clearing and forwarding company in West Africa  Appointed advising bank to the $20million Maritime Finance Fund to increase Nigeria’s Flag Fleet  Won the Nigerian Maritime Bank Award for 2 consecutive years- 2007&2008 Project Finance 16

17. 17 SKYE GROUP Skye Financial Services Skye Mortgages Skye Trustees Skye Bank Sierra Leone Skye Bank Gambia  Fully integrated financial services model – Investment Banking/Advisory Services, Trusteeship, Real Estate, Insurance etc  Providing diversified offerings across geographies and customer segments Skye Bank Plc Law Union & Rock (Insurance) Skye Bank Guinea I NTEGRATED M ODEL :

18. 18 E VOLVING M ODEL : A VAILABLE O PTIONS F OR N EW O PERATING M ODEL 18 SKYE BANK REMAINS AS PURE COMMERCIAL BANK ONLY Skye Bank legal ownership identity remains unchanged All non-core banking services (not contemplated by the CBN licensing guidelines) are exited No need for a new HoldCo CONVERT SKYE BANK PLC INTO A FINANCIAL SERVICES HOLDING COMPANY A ‘new’ pure banking entity emerges as a subsidiary of Skye HoldCo Consider the propriety (or otherwise) of keeping certain subsidiaries and exit some INCORPORATE A NEW FINANCIAL SERVICES HOLDCO TO OWN SKYE BANK PLC AND ITS SUBSIDIARIES A new HoldCo is founded to buy majority or all of Skye Bank Plc shares in exchange for ownership of HoldCo shares Skye Bank Plc becomes a pure commercial bank The HoldCo owns existing subsidiaries (barring divestiture in certain subsidiaries) 21 3

19. 19 L IKELY M ODEL : Skye Holding Company Skye Bank Plc Subsidiary B Subsidiary C Subsidiary A Business impact assessment of ALL Subsidiaries would be conducted to determine areas of divestiture Conversion of Skye Bank Plc into a Financial Services HoldCo Consequently…

20. O PERATING M ODEL :  Focus on long-term value proposition in business relationships in defined sectors  Offer integrated financial solution & execution expertise  Provide single unique value proposition to different market segment/cluster  Enhance clients’ businesses through profitable business relationships Strategy  Market analysis and focused business planning  Performance analysis and reporting  Continuous bank-wide customer service training  Adherence to sound corporate governance practices Processes  Competent team of banking & finance professionals  Strong ICT platform for business operations and service  Centralized business processes to support lean/efficient operation  Code of business ethics and  Consistent resource audit and optimization Resources  Experienced management team with seamless succession plan  Operate regional marketing model – Ibadan, Abuja, Kano & P/Harcourt.  Maintains specialist subsidiaries as a fully integrated financial service provider- Stockbroking, Trusteeship, Insurance, Mortgage  Guide and cautious regional expansion- Presence in the West Africa Sub-region- Sierra Leone, The Gambia & Guinea Structure 20

21. Head, Enterprise Risk Mgmt Existing Customer Mgmt Asset Review & Monitoring (Loan Recovery) Quality Assurance (Originations) - Corporate Loan review and Credit Monitoring (Corporate) Head, Market/Liquidity Risk Mgmt Head, Operational Risk MgmtHead, Credit Risk Mgmt Retail Risk AR&M Region 4 MIS/Policy Origination/ CPV Collections/ Recovery Team 1 Team 2 Team 3 Team 4 Internal Control & Compliance Credit Admin Loan Review AR&M Region 1 AR&M Region 2AR&M Region 3AR&M Region 5 Biz/Support Unit Internal Audit South West Abuja South North Ikeja Lagos Mainland South East Portfolio Mgmt Policy Team Credit Admin (Corp) 21

22. 22 Major Achievements  Complete automation of Loan Origination Process (LOP) in compliance with Basel Accord  Integration of the Lending Process with ‘Rating Engine’  Well experienced manpower to manage all major Risk areas  Signed up to 3 Credit Bureaus (2 have commenced operations)

23.  Stable asset quality  Conservative approach to lending  Diversified loan portfolio  No concentration risk 23

24. Sector Top 10 Industry Loans as % of Gross Loans Top 10 loans is about N75 billion (21%) of N355 billion Gross Loans 24

25. Efficient and diversified loan portfolio Deployment of best-in-class Retail Banking framework Sustainable liquidity levels Capital Adequacy Ratio (CAR) at 17% 25

26. 26 Financial Year End - Now 31 st December … In compliance with the CBN’s uniform accounting year end, Skye Bank has changed its accounting year-end from 30 September to 31 December. Consequently, the FY09 financial statements have been prepared for 15 months period, covering October 2008 to December 2009….

27. ParametersFY 09FY 08YoY12M099M09QoQ (N’million) % Change (N’million) % Change Gross Earnings126,66574,61570%101,44876,84532% PBT2,14820,425-89%-12,63417,050-174% Provisions-31,337-3,981687%-32,178-4,400631% PAT1,13015,126-93%-13,26411,935-211% Assets622,164784,87821%581,868546,0357% Deposits452,918501,59410%429,697383,48712% Loans & Advances328,184251,21131%281,423285,978-2% Shareholders’ Funds88,03293,853-6%86,902 0% ROE1.28%16.12% -15.26%13.73% ROA0.18%1.93% -2.28%2.19% Interest Income Margin37.18%41.29% 47.17%47.78% 27 F INANCIALS : 15 Months Performance Highlights (Bank) 15 Months to December 2009

28. ParametersQ110FY 0912M099M096M093M09 (N’million) Gross Earnings23,768126,665101,44876,84551,66627,890 PBT2,8042,14819,54517,05013,7338,380 Provisions-600-31,337-32,178-4,4001,800-500 PAT2,2431,130-13,26411,9359,6136,704 Assets653,874622,164581,868546,035466,676501,133 Deposits499,859458,368429,697383,487290,240320,681 Loans & Advances323,351328,184281,423285,978208,696230,289 Shareholders’ Funds88,032 86,902 86,80278,416 ROE2.55%1.28%-15.26%13.73%11.06%8.55% ROA0.34%0.18%-2.28%2.19%2.06%1.34% Interest Income Margin42.38%37.18%47.17%47.78%50.79%52.98% Capital Adequacy16.96%16.83%16%18.99%21.74%18.52% Avg Cost of Fund2.25%11.3%9.4%8.3%6.4%3.1% 28 F INANCIALS – Q1 2009 to Q1 2010 (Bank)

29. 29 Positioning for the upturn Enhanced Risk Profile Liquidity Growth Positioning & Cost Containment Recoveries & Capital/Debt Raising Stringent credit process Defined sector focus- Oil & Gas, Real Estate etc Strong Capital Adequacy ratio Well diversified loan portfolio Controlled asset growth Leveraging branch network for enhanced deposit growth Growth in market share Engaged Consultants in developing market Strategic Positioning Staff realignment & rationalization Change in remuneration policy Realignment of job responsibilities Reinvigorated recovery effort Exploiting market opportunity (leveraging flight to safety) Lengthen maturity profile of liabilities STRATEGIC OUTLOOK: Navigating the downturn …

30. e-Payment Solutions Revenue (IGR) CollectionsPayment Administration Revenue collection mandate in 27 States (including Lagos & Rivers, accounting for 70% of national IGR) Implementing collection mandate in the remaining 9 States; 3 years exclusive collection in Rivers State (over 30% of national IGR) Major collecting Bank for Lagos State government Top collecting bank in 7 States Top 3 in industry for e-payment solutions Top 5 in industry for ATM & POS Major Federal Government Retirees Pension paying bank Top 5 in industry for Import Duty collections (6% of industry total) Top 3 in industry for FIRS collections (8% industry total) Market Position – Very difficult to replicate…. 30

31. Top bankers to Lagos State government (33% of business offices in Lagos) Strong branch network in Abuja (for deposit growth) Top bankers to the Rivers State government- Oil producing area of the Niger Delta Strong in Key Financial Centers of Nigeria Now leaner & more efficient  Development & Construction of Data Centre for a State government’s Board of Internal Revenue  Deployed customized automated Personnel & Payroll Management System and Finger Identification Systems (AFIS) to selected States in Nigeria  Training & Capacity enhancement of 3 State governments’ automated IGR platform  E-IGR deployment for various Local governments  AutoReg mandates in 5 major States Irresistible Value Proposition Market Position (Cont’d) 31

32. Reputation Channels Resource/ Assets Market power Capabilities Integrated Model Culture Sector Focus ICT Competitive Strength - Acquisitions -Diversified Offerings & Value for New markets -Vertically Integrated Structure -Innovative Products Presenting opportunities for… C OMPETITIVE L EVER : 32

33. Equity Market Nigeria Stock Exchange (NSE) closed at N685.72 billion in December 09, down from the N2.4 trillion recorded in December 2008. Quick rebound impeded by: -Global recession -Reforms in the banking sector - Decline in Oil prices to $50 pb, from $147 pb as at July 2008 Average industry PBT growth rate of 141% in June 2008 and CAR of 25.3% now less than 30% & 17% respectively. Asset Management Company (AMC) Law making process to establish the AMC is at advanced stage Aggregate toxic assets between N1.5 trillion to N2 trillion CBN: Dictating the pace…. Maximum of two 5-year tenure limits for bank CEOs Stoppage of cheque issuance for transactions above N10 million 33

34. 34 Stimulating Credit Growth  Progressing the establishment of AMCON to take up over N1.5 trillion toxic assets towards recapitalizing banks  Sustaining guarantee on interbank lending  MPR maintained at 6%  Banks to submit their ‘Risk-Based Interest Rate Pricing Model’ to the CBN on a monthly basis  Revising guidelines for loan loss provisioning for preferred sectors Infrastructure Financing N200 billion SMEs Credit Guarantee Scheme (SMECGS) set up to encourage SME financing To setup an Infrastructure Finance Policy and Development Strategy (IFPDS) and Diaspora Mobilization Initiative (DMI) in 2010/2011, to improve infrastructure development financing Proposing to establish an Asset Purchase Facility (APF) to purchase Federal Government Treasury Securities/Bonds and other high-quality private sector instruments Revision of the Universal Banking Model Categorization of banks into International, National and Regional banks with minimum capital base of N100 billion, N50 billion and N25 billion respectively Stoppage of cheque issuance for transactions above N10 million Remodeling Banking Landscape

35.  Govt. revenue in Q2 was N1.044trn, 21% lower than Q1 and 11.6% below estimate  Non oil receipts also fell by 36% because of the fall in VAT and company income tax  Total expenditure in Q3 was N901bn, an increase of 11% due to capital releases  Foreign reserve now witnessing incremental growth following increase in crude oil prices  Potential for sustainable liquidity and forex regime 35 $ pb $’bn

36. Economic downturn.. GDP declined from 6.1% in 2008 to 3.20% in Dec 2009 Marginal increase in contribution of oil & gas (from -1.72% to 0.57%) Increase in non-oil contribution ratio International Monetary Fund estimates GDP at 5% and 5.2% in 2010 and 2011 respectively Nigeria Banking Sector slowed by…..  The recent CBN intervention has led to structural changes in the industry dynamics  Premised on an attractive industry in the long run despite temporary setback  National Audit has cleared 14 out of 24 banks  Injection of N620 billion into ailing /undercapitalized banks by the CBN  Significant impairment of banks’ assets  Scarcity of funds to the productive sectors of the economy (reduced funding from 84% to 32%)  Strategy re-evaluation and alignment with market realities National Audit: a positive development for Nigerian banks…  Improved level of Transparency and Corporate Governance  Risk Management framework has been enhanced  Ownership structure of Nigerian banks has deviated from conventional practice  Culture of impunity being addressed  Forex volatility has been significantly curbed Navigating economic challenges: Implications of Regulatory Intervention  Most significant unintended consequence is the downside risk to economic recovery and growth  Capital erosion and need for additional capital raising is imperative for banks  Liquidity problem and reduced business confidence  Delayed recovery of the capital market  Significant diminution in share prices of banks  Policy contradictions and political risks  Credits to the private sector in 2009 increased by only 3.75% from N8trn to N8.3trn  Cyclical effect of the credit squeeze negatively impacted fiscal measures 36

37. New Horizon….  An expected recovery to 5% growth in 2010  This will be propelled by an increase in oil production as the amnesty programme in the Niger Delta allows for higher output levels  The recent recovery in oil price to over $75/barrel should provide a boost to the Nigerian economy in 2010 Economic growth to be driven primarily by…  Performance of the non-oil sector e.g. Agriculture  Stable rise in Oil Prices  Sustained increase in Oil & Gas output  Sustained peace in the Niger-Delta  Favourable policies to stimulate business confidence But impact of financial crisis might cause some form of slowdown. Hence, outlook for the Nigerian economy is mixed Nigeria Banking Sector Outlook...  Medium to long term implications are positive with more transparent and more credible domestic financial sector  The quest for size is over– focus on efficiency  Better informed banking public  Lower interest rates  Industry Risk Acceptance Criteria and Risk Management standards will become tighter  Another round of M&As expected  Increased foreign competition due to attractiveness of industry to foreign players 37

38. The following strategic options are open to Industry regulators and market players 38 Adoption of Macro-Economic Policies  Introduction of monetary policy stabilization programmes and fiscal stimuli to restore confidence in the economy.  Isolation of toxic assets nestling in the banks’ balance sheets and parking them in a special purpose vehicle to be called “bad bank” or “bad fund” which would be treated as a long-term facility for both liquidity and accounting purposes. Surgical Intervention/Piec emeal Remediation  Injection of liquidity into the banking system via government funded soft loans and recapitalization  Strengthening of capabilities and competencies via appropriate regulatory policies & increased supervision  Regulatory induced consolidation – encouraging the big/strong to acquire the weak/anaemic  Liquidation of weak and anemic banks to avoid contagion effect on total industry Introduction of Innovative Measures  Articulation of self-emancipation strategies to battle negative consequences of the current global economic meltdown  Incremental, radical, and revolutionary changes in thinking, products, processes and service delivery to customers.  Increased value to both the customer and the shareholders to boost investor confidence  Increased productivity and focus on core competencies, which should drive additional inflow of wealth into the economy. Industry Regulators Market Players Resilient business growth Improved business practices & corporate governance framework Diversified business lines & revenue streams Reinvigorated Risk Management practices For sustainable profitability and growth

39. NAME TOTAL HOLDING%BUSINESS OPERATIONS BUSINESS OBJECTS LIMITED509,999,998.004.40% Finance and Investment Company IBILE HOLDINGS LTD.436,294,000.003.77%Property, Finance and Investment Company STALLION GROUP HOLDINGS (BVI) LIMITED288,407,332.002.49%General Merchandise and Importers SKYE BANK STAFF SHARES TRUST361,808,662.003.13%Staff Trust SWANLUX GLOBAL INVESTMENTS LIMITED190,939,998.001.65%Finance and Investment Company LASG STAFF PENSION155,811,999.001.34%Pension Fund Managers ALPHA PROPERTY DEVELOPMENT LTD150,000,000.001.29%Property Development Company GOLDEN ACRES LIMITED150,000,000.001.29%Farming and General Merchandise CO-OPERATIVE INVESTMENT & TRUST SOC. LTD139,023,649.001.20%Investment and Finance Company FADCO INVS. LIMITED137,499,999.001.19%Investment and Finance Company Skye Bank: Major Shareholders 39

40. Skye Bank is a publicly quoted company with 481,272 shareholders, none owning more than 5% of total capital. O WNERSHIP S TRUCTURE 40

41. Shares Held By Board Members (about 9% of total outstanding shares) Skye Bank: Shareholders (Cont’d) 41

42. This presentation may contain certain forward-looking statements, estimates and targets with respect to the operating results, financial condition and business of Skye Bank. Such statements and information, although based upon Skye Bank’s best knowledge at present are certainly subject to unforeseen risk and change. Future results or business performance could differ materially from those expressed or implied by such forward-looking statements and forecasts. The statements have been based upon a reference scenario drawing on current market conditions, economic forecasts and assumptions, competitor analysis including the regulatory environment. 42

43. 43