ANL Abbey Nat.

RNS Number:6984C
Abbey National PLC
18 October 2002





                               ABBEY NATIONAL PLC




Abbey National notes the announcement made earlier today by Bank of Ireland
stating its intention not to proceed with its proposal. As stated in our
announcement of 8th October, 2002, the Board of Abbey National carefully
considered the proposal and determined that it was not in the best interests of
shareholders. Accordingly, Abbey National welcomes the announcement by Bank of
Ireland and, with its new Group Chief Executive, Luqman Arnold, will now return
to focusing fully on restructuring its business to deliver shareholder value.






Enquiries to:


Thomas Coops

Director of Corporate Affairs

Abbey National

020 7756 5536


Christina Mills

Head of Media Relations

Abbey National

020 7756 4212


Jon Burgess

Head of Investor Relations

Abbey National

020 7756 4182



The Directors of Abbey National plc are the persons responsible for the
information contained in this document. To the best of their knowledge and
belief (having taken all reasonable care to ensure that such is the case) the
information contained in this document is in accordance with the facts and does
not omit anything likely to affect the import of such information. The Directors
of Abbey National plc accept such responsibility accordingly.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

STRFFLFMASESEES

Abbey Nat. (LSE:ANL)
Historical Stock Chart
From Jun 2024 to Jul 2024

Abbey Nat. (LSE:ANL)
Historical Stock Chart
From Jul 2023 to Jul 2024