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08 August 2011 -Skipton International appoints new Lending Manager

Skipton International has announced the appointment of Chris Le Tissier to the newly created role of Lending Manger. With a strong track record in financial services, Chris will draw on experience which covers not just credit and mortgage lending but also Treasury services, a key component of modern mortgage product design. With Skipton International becoming the leading new mortgage lender in Guernsey in 2010, Chris will be leading a busy team, whose focus is to provide both a personal and efficient service at all times.

Previously with ABN AMRO, where he led the Credit Applications team, Chris has over 12 years of experience of growing and developing mortgage and other credit related business in Guernsey.

Commenting on his appointment, Chris said, "This is an exciting time to be joining Guernsey's largest new mortgage lender. I will be leading a professional and experienced team who has an excellent track record in the market and I am looking forward to ensuring we deliver the highest standards of service to all our customers and to our intermediary partners."

Jim Coupe, Managing Director of Skipton International said "Our lending business in Guernsey and Jersey continues to grow at a rapid pace and we are delighted that Chris has joined us at this important time in our development. Chris's track record and experience will be invaluable as we seek to grow in these markets."

Chris is a member of the Chartered Institute of Bankers, the Chartered Institute for Securities and Investments and the ACI Channel Islands. He also holds a range of professional qualifications including The Diploma in Financial Services Management and the Certificate in Mortgage Application Practice.

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European Union Savings Tax Directive
Information for all EU Residents (including the UK)

This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").

Automatic Exchange of Information

If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority.  This report will detail your full name, postal address, account number/s,  date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s.  Thereafter this will be forwarded to the tax authorities in your country of residence.

If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report.  To arrange this we require confirmation of your tax status, e.g.  a letter issued by the tax authorities in your country of residence or accountants.

Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.

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