NATIONWIDE BUILDING SOCIETY

Management Reports • Jul 19, 2018

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RNS Number : 2126V

Nationwide Building Society

19 July 2018

19 July 2018 

NATIONWIDE BUILDING SOCIETY

The results of Nationwide Building Society's Annual General Meeting (AGM) held today, 19 July 2018, at Nationwide House in Swindon are detailed below.

Ordinary resolutions:

1. To receive the Directors' Report, the Annual Accounts, the Annual Business Statement and the Auditors' Report for the year ended 4 April 2018

For: 586,192 (98.86%)       Against: 6,730 (1.14%)        Votes withheld:  5,628

2. To approve the Directors' Remuneration Report for the financial year ended 4 April 2018

For:   534,342 (90.75%)        Against: 54,448 (9.25%)    Votes withheld: 9,743

3. To approve the re-appointment of PricewaterhouseCoopers LLP as Auditors until the end of the next AGM

For:   558,118 (94.89%)        Against: 30,042 (5.11%)        Votes withheld: 10,402

Election or re-election of Directors

The results of the election/re-election of Directors for Nationwide are as follows:

Candidate	Votes For	Votes Against	Votes Withheld
Gunn Waersted	567,992	20,123	10,447
Rita Clifton	568,774	20,240	9,528
Mai Fyfield	565,442	22,901	10,206
Joe Garner	562,542	25,962	10,031
Mitchel Lenson	567,377	20,299	10,883
Kevin Parry	566,549	21,022	10,994
Lynne Peacock	569,954	19,407	9,182
Usha Prashar	564,192	24,193	10,160
Tony Prestedge	563,760	23,897	10,891
Mark Rennison	565,746	22,464	10,343
Chris Rhodes	564,228	23,475	10,848
David Roberts	567,835	20,527	10,185
Tim Tookey	565,015	22,199	11,339

Accordingly, all of the Directors standing for election/re-election were elected and re-elected.

Welcoming members to Nationwide's head office in Swindon, David Roberts, Nationwide's Chairman, said:

"Nationwide's difference lies in our mutuality.  Our distinct purpose and values, and the fact that we are owned by our members, makes us genuinely different from our banking peers.

"As a member-owned Society, we engage with our members all through the year, as well as at our AGM, so that their views inform the decisions we make. Each member has an equal vote on decisions brought to the AGM and we're encouraged by members' strong support for all the Resolutions recommended by the Board at today's AGM. Each resolution passed with over 90% of votes cast in favour."

Commenting on the Society's performance, the Chairman said: "We're exceptionally proud to have led our high street peer group on service satisfaction for the last six years1, and to have been named Which? Banking Brand of the Year 2018 for the second year running. In the last year we delivered over half a billion pounds of extra value to members through better rates, fees and incentives than the average of the market and our capital base and leverage ratios are at all-time highs. The Board looks to the future with great confidence."

David Roberts concluded: "I'd like to thank our members, for their support and loyalty to the Society over many years."

1  Source: © GfK 2018, Financial Research Survey (FRS), 6 year lead held over period 12 months ending 31 March 2013 to 12 months ending 31 March 2018. Each monthly data point contains customer feedback referring to previous 12 months. Proportion of extremely/very satisfied customers minus proportion of extremely/very/fairly dissatisfied customers summed across current account, mortgage and savings. High street peer group defined as providers with main current account market share >4% (Barclays, Halifax, HSBC, Lloyds Bank (inc C&G), NatWest, Santander and TSB). Prior to April 2017, high street peer group defined as providers with main current account market share >6% (Barclays, Halifax, HSBC, Lloyds Bank inc C&G (Lloyds TSB prior to Apr 15), NatWest and Santander).

-Ends-

Media information:

Tanya Joseph, 07826 922102, [email protected]

Sara Batchelor, 07785 344137, [email protected]

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