TR-3:  

Disclosure of Disclosable Short Position relating to Securities which are the subject of a rights issue

1. Full name of person(s) holding the disclosable short position:

HSBC Bank (Cayman) Limited acting as Trustee of Sub-Trust N2 (Market Neutral Geared) of Marshall Wace TOPS Trust

2: Name of the issuer of the relevant securities

Bradford and Bingley PLC

3: Disclosable short position

-0.25%

4. Date that disclosable short position was reached or exceeded

09 Jul 2008