6 October 2008

Paul Myners has resigned as a non-executive Director of the Bank following the announcement that he has been appointed a Government minister. The Bank is grateful for all the work and support Paul has given over the past three years.

Notes to Editors

Paul Myners was first appointed as a non-executive Director of the Bank on 1 June 2005 and reappointed on 1 June 2008. The expiry date of his current appointment was due to be 31 May 2011.

Court - the Bank's governing body - consists of the Governor, two Deputy Governors and sixteen non-executive Directors. Further information is available at: www.bankofengland.co.uk/about/governance