A Presentation of Banking Services for 21st September 2010

Presentation Team Martin Prentice - Relationship Director Martin.prentice@Lloydstsb.co.uk Jonathan Cook – Relationship Manager Jonathan.cook@Lloydstsb.co.uk Mac Woodgate – Manager, Cash Management Mac.woodgate@Lloydstsb.co.uk Deborah Lawton – Customer Manager, Client Management Deborah.lawton@Lloydstsb.co.uk & Angela Beswick - Client Cash Manager Specialist, CashFac Angela.Beswick@Cashfac.com

What we will cover today Our Current relationship with Barnett Waddingham Our Relationship Approach Summary of your RFP Summary of our response Why choose Lloyds TSB Overview of Client Cash Manager Questions

Current Relationship We are proud of…. The 30+ year relationship we have had with Barnett Waddingham and look forward to being a trusted advisor of yours going forward and helping you to meet and exceed your goals. Being voted Bank of the Year for the sixth year running in the FDs’ Excellence Awards. The award recognises the expertise of our relationship managers, the support we have provided over the past year and our ongoing commitment to supporting businesses in the future. Being the best in class for our Client Cash Management products.

Your RFP A Summary of our approach…

Client Cash Manager Lloyds TSB provides Client Cash Manager, the market leading virtual bank account solution, to its customers helping them to achieve process efficiencies in payment and receipt handling as well as providing a consistent process throughout an organisation to increase control and compliance as well as reduce risk. 50% cost reduction in operations through STP and virtualizing bank accounts Automatic compliance and de-risking Real time service level monitoring Standardisation of business process Releases specialist skills in operations for productivity & growth With sophisticated allocation, reconciliation and integration capability, manual processes including re-keying of payments and receipts are removed and automatic daily reconciliation is achieved. Cash visibility is greatly improved and exceptions are reported immediately. This solution enables one account to be held at the bank per currency and virtual accounts to be used to segregate funds according to business process. These virtual accounts act like bank accounts, accruing interest and providing online statement information to users in any location.

Users

Benefits of Client Cash Manager CCM will provide a superior experience Standardised solution for your entire cash management creating efficiencies & increased control Rationalisation of bank accounts Increased efficiencies for operational cost saving and growth opportunity by offering: Immediate account opening Business rules mapped to reflect your business process and fully integrated for STP Single point of reference for all payments and receipts Automatic reconciliation with extensive exception management and control Non-receipt and incorrect values reported immediately creating stronger controls All payments and receipts allocated automatically to your back office systems removing re-keying which is prone to error

Benefits of Client Cash Manager Continued… Centralised visibility including online authorisation and extensive management reporting Segregation of duties inline with your security and audit requirements Information kept indefinitely Direct access as required for trustees, finance, management, employers, members Manage physically pooled funds easily, using virtual bank accounts to automatically apportion interest as required Significantly improve Cash and Treasury Management Greater visibility for accurate cash flow forecasting Use virtual bank accounts to provide cash visibility at the lowest level

Innovation and Meeting Future Needs White Label Opportunity Client Access Module – member tool for viewing statements and paying AVCs A2Pay - employer tool to Barnett Waddingham with contribution collection APIs for seamless integration Back office system integration Investment and disinvestment instructions together with Cash Managed Service option SIPP and SSAS – one platform for all cash management

Q & A Thank You