The Board

Left to right: Top Row:
James Crosby, George Mitchell, Dennis Stevenson, Andy Hornby, Mike Ellis (retired 31/12/04), Coline McConville, Brian Ivory, David Shearer, Charles Dunstone

Bottom Row:
Kate Nealon, Tony Hobson, John Maclean, Sir Ron Garrick, Colin Matthew, Mark Tucker,
Phil Hodkinson

Chairman
Dennis Stevenson
Age 59. Dennis was appointed Chairman of HBOS plc on its formation in 2001. He is also Chairman of Pearson plc and a Non-executive Director of Manpower Inc, Chairman of the House of Lords Appointments Commission and Chancellor of the University of the Arts London. He is also president of the Employers Forum on Age.

Chief Executive
James Crosby
Age 48. James was appointed Chief Executive of HBOS plc on its formation in 2001 and is also a Non-executive Director of ITV plc and the Financial Services Authority.

Executive Directors
Phil Hodkinson
Age 46. Phil was appointed Chief Executive of the Insurance & Investment Division of HBOS plc in September 2001 and is Chairperson of the HBOS Foundation, a Director of Business in the Community and a Fellow of the Institute of Actuaries. He spent his earlier career in the life assurance industry with Allied Dunbar, Eagle Star and Zurich Financial Services.

Andy Hornby
Age 38. Andy joined the Board of Halifax in 1999 and became Chief Executive of the Retail Division of HBOS plc in September 2001 having previously carried out various roles at the Boston Consulting Group, Blue Circle and ASDA. Andy is also a Non-executive Director of GUS plc.

Colin Matthew
Age 54. In January 2004 Colin became Chief Executive of the Strategy and International Operations Division having previously been the Chief Executive of Business Banking. He joined Bank of Scotland in 1966 and became a Director in 2000.

George Mitchell
Age 54. In September 2001 George became Chief Executive of the Corporate Division of HBOS plc and, with effect from 1 January 2004, assumed responsibility for the Group’s Treasury operations. He joined Bank of Scotland in 1966 and held various positions prior to being appointed to the Board of Bank of Scotland in 2000. He became Treasurer and Managing Director of Bank of Scotland in 2001 and Governor in 2003.

Mark Tucker
Age 46. Mark joined HBOS in April 2004, becoming Group Finance Director in October 2004. He spent 17 years with Prudential in various appointments in the UK, USA and Hong Kong, latterly as Chief Executive of Prudential Corporation Asia. Mark’s early career was with PriceWaterhouse as a Tax consultant.

Non-executive Directors
Charles Dunstone
Age 40. Charles was appointed as a Non-executive Director of Halifax in 2000. He is Chief Executive Officer of The Carphone Warehouse Group PLC which he founded in 1989.

Sir Ronald (Ron) Garrick
Age 64. Sir Ron joined the Board of Bank of Scotland in March 2000. In January 2003 he became Deputy Chairman of HBOS plc and Senior Independent Director in 2004. He had previously held the positions of Chief Executive and Chairman of the Weir Group PLC. He was also Deputy Chairman of Scottish Enterprise and is a former Director of Shell UK and Scottish Power plc.

Anthony (Tony) Hobson
Age 57. Tony joined the Board in 2001 and is Chairman of the Audit Committee. He is also Deputy Chairman of Northern Foods plc and a Non-executive Director of Sage Group plc, Glas Cymru Cyfyngedig and Jardine Lloyd Thompson Group plc. He was Group Finance Director of Legal & General Group for 14 years, retiring in 2001.

Brian Ivory
Age 55. Brian joined the Board of Bank of Scotland in 1998 and is Chairman of the HBOS Remuneration Committee. He is Chairman of The Scottish American Investment Company PLC, a Director of Remy Cointreau S.A. and Chairman of the National Galleries of Scotland.

John Maclean
Age 61. John joined the Board of Bank of Scotland in 1995. He was a Non-executive Director of Scottish Value Trust PLC and Chairman of their Audit Committee until he retired in November 2004. He was a Founder and Director of Kelvin Shipholdings Limited. In addition, John is a Member of Court and Chairman of the Audit Committee of Glasgow Caledonian University.

Coline McConville
Age 40. Coline joined the Board of Halifax in 2000. She is the Chief Executive Officer, Europe of Clear Channel International Limited and was previously with McKinsey & Co, Management Consultants and The L E K Partnership. Coline qualified as a lawyer in Australia and has an MBA from Harvard Business School.

Kathleen (Kate) Nealon
Age 51. Kate joined the Board of HBOS in March 2004. She is also a Non-executive Director of Cable & Wireless, a Non-executive Director to the Independent Regulator of the NHS Foundation Trust Hospitals and a Senior Associate of the Judge Institute of Management, Cambridge University. Previously Kate was Group Head of Legal and Compliance for Standard Chartered Plc having joined in 1992. She is a US qualified lawyer.

David Shearer
Age 45. David joined the Board of HBOS in March 2004. Until 31 December 2003, David was the Senior Partner of Deloitte & Touche for Scotland and Northern Ireland, and until September 2003, was a UK Board member of Deloitte & Touche. He is also a Governor and Non-executive Director of The Glasgow School of Art and a member of the advisory panel to Martin Currie in respect of its Private Equity business. David is a Chartered Accountant.