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New Bridge Street Consultants actuarial business moves to Barnett Waddingham

London, 16 April 2007: Barnett Waddingham LLP, an independent firm of actuaries and consultants, today announced its agreement with New Bridge Street Consultants LLP to transfer their pension actuarial and consultancy services to Barnett Waddingham with effect from 1 May 2007. Under the agreement, the team from New Bridge Street led by Rod Marshall will transfer to Barnett Waddingham's Cheapside office in London. Rod is the Scheme Actuary to approximately 30 final salary pension schemes that will be transferring to Barnett Waddingham.

Adrian Waddingham, Senior Partner at Barnett Waddingham LLP, said: "We are delighted with this opportunity to expand our client base. The combined team in our London office will provide a professional and attentive service to the transferring clients".

John Lee, Managing Partner at New Bridge Street said "This enables New Bridge Street to focus on its core business of being the leading firm of advisers to the remuneration committees of our clients. We are happy that our pensions clients will be well served by Barnett Waddingham and we shall ensure the transfer will be as seamless as possible. We particularly wish the head of the pensions practice, Rod Marshall, well as he becomes a partner at Barnett Waddingham".

Barnett Waddingham LLP is an independent firm of actuaries and consultants working across pensions and investments in the UK. The firm works with corporates and trustees, in both the private and public sector, offering clear advice and a full range of professional services. Since the firm was established in 1989 it has steadily expanded and it now employs over 300 staff in six locations around the UK (Amersham, Cheltenham, Glasgow, Leeds, Liverpool and London).

For further information please contact: Steph Deimbacher on 01494 788100, Email: steph.deimbacher@barnett-waddingham.co.uk or Adrian Waddingham on 01494 788100

New Bridge Street Consultants LLP is a management consultancy, specialising in executive remuneration, and the design and implementation of executive and all-employee share schemes. For further information please contact John Lee on 020 7282 3030.

Website: www.nbsc.co.uk

Barnett Waddingham LLP, April 2007