Snapshot of the year Overview • Strong group performance • Benefited from benign market conditions • Succeeded in building scale in the UK and Australia • South Africa performed well in local currency • Good contribution from all our businesses • Strong brand which is gaining momentum • Disciplined approach to recruiting the best talent • Comfortably met all our financial return objectives Penetrated our core markets Operating profit per employee* All businesses contributed to the performance Operating profit* by business • Operating profit* up 20.0% to £466.6 million * Before goodwill, non-operating items and taxation Financial highlights • Adjusted attributable earnings* up 30.7% to £300.7 million • Adjusted earnings per share* up 27.2% to 53.3 pence • Proposed full year dividend up 26.4% to 23.0 pence   • Average loans and advances up 23.6% to £9.9 billion • Average third party assets under management up 23.2% to £56.2 billion Comfortably met all our financial targets
Target
31 March
31 March
2007
2006
ROE
>20%
26.1%
25.5%
Cost to income ratio
<65%
59.0%
58.7%
Adjusted EPS* growth
10%
27.2%
55.6%
> UK RPI
Dividend cover (times)
1.7 - 2.3
2.3
2.3
Capital adequacy ratio       13% - 16%        Plc: 24.7 %
Plc: 17.7%
Ltd: 14.7%
Ltd: 16.3%
 Note: These targets were disclosed in May 2004 and are medium to long-term  targets.  We  aim  to  achieve  them  through  varying market conditions. Leveraged off our platforms Operating profit* by geography
Southern
Africa
UK &
Europe
Australia
 0 70 110 130 140
Total group
 March 2006 120 150 £’000 100 90 80 60 50 40 30 20 10 March 2007 58% 6% 36% March 2006 28% 68% 4% UK and Europe Southern Africa Australia March 2007
490
 March 2006 March 2007
390
290
190
18.6
-10
90
£’mn
23.9%
14.7%
9.6%
49.3%
59.4
66.9
100.9
118.2
24.8
14.1
68.1
117.3
91.2
176.5
-0.7
75.3%
 3.0% 14.6% 25.1% 19.5% 37.8%
388.8
466.6
Contribution
to group
 Group Services and Other Private Client Activities Investment Banking Capital Markets Asset Management Property Activities