26th October, 2007

Virgin Money will launch the Virgin Climate Change Leaders Fund in January 2008*. The Fund’s advisor, GLG Partners LP (“GLG”), will only invest in companies with lighter than average environmental footprints in their sectors as well as companies who provide, manufacture or own solutions to environmental problems.

The Fund will attract investors looking for high performance from companies delivering growth and value through a significant environmental focus and strategy.

Data provided by leading environmental research organisation Trucost will be combined with GLG’s own company research to select suitable stocks for investment. GLG have successfully managed a similar fund for institutions and ultra high net worth individuals since March 2007 known as the 'GLG Environment Fund' which to date has outperformed the sector average – the MSCI Europe Index.

Virgin Money CEO Jayne-Anne Gadhia said: 'This will be Virgin's first new fund in 12 years and it will be worth the wait. Customers will be able to invest in companies at the forefront of reducing their environmental footprint but without having to compromise on performance. The 'Virgin Climate Change Leaders Fund' will aim to give investors and the planet a better future.'

Pierre Lagrange, Co-Founder of GLG , and Co-Manager of the GLG Environment Fund along with Ben Funnell, said: “We are thrilled to be partnering with Virgin Money on their first ever foray into offering Virgin Money investors access to actively managed funds. The Virgin Climate Change Leaders Fund provides investors the unique ability to combine a commitment to environmentally sound investing with the competitive advantages of the GLG Partners investment process.”

*subject to FSA approval

About Virgin Money

Virgin Money is Virgin’s financial services arm and was established in 1995.

Virgin Money has almost 2 million customers and offers a wide range of financial products across lending (e.g. credit cards and personal loans), savings (e.g. deposits, investments and pensions) and protection (e.g. life assurance, household and car insurance) to the UK market.

Virgin Money Personal Financial Service Ltd is authorised and regulated by the Financial Services Authority (FSA). Registered Office: Discovery House, Whiting Road, Norwich NR4 6EJ. Registered in England no. 3072766. Entered on the Financial Services Register (www.fsa.gov.uk/register), Register Number: 179271

About GLG Partners LP

GLG, is authorised and regulated by the UK Financial Services Authority and is one of the largest independent alternative asset managers in Europe. It offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG’s focus is on preserving client’s capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of Europe’s largest and most recognized alternative investment managers, while maintaining its tradition of client-focused product development and customer service. As of September 28, 2007, GLG managed gross assets under management of approximately $22 billion.

For further information please visit: www.glgpartners.com

About the GLG Environment Fund

The GLG Environment Fund, an Irish regulated fund, identifies and invests primarily in European companies that have a lighter footprint, or cost to the environment, using a combination of GLG’s rigorous stock selection criteria and the GLG Green Filter™, developed with the independent consultant Trucost.

About Trucost

Trucost is an environmental research company, which enables companies and investors to understand the environmental impacts of business activities in quantitative and financial terms. Trucost provides data, analysis and advice for institutional investors, corporations and government and has standardised comparable data on over 4,000 companies globally. Trucost wrote the environmental reporting guidelines for the UK Government published in 2006.