Sainsbury’s Bank and Travelex announce a phased rollout of in-store Bureau de Change, with 14 units planned by the end of December 2007. Sainsbury’s partnership with the world’s foreign exchange specialists, Travelex, is designed to meet increasing customer demand for convenient in–store foreign currency purchasing. This roll-out follows the successful launch of a travel money bureau at Sainsbury’s Cromwell Road store, London, in March.

In September, Sainsbury’s and Travelex will open bureaus in Warrington, Cheadle, Rugby and Wigan, with ten more to be confirmed during November and early December. Travelex and Sainsbury’s are aiming for over 100 bureaus to be open and in use at Sainsbury’s stores nationwide by the end of 2009. The travel money bureaus can provide up to 71 currencies as well as Travelex’s innovative prepaid currency card, Cash Passport, available in sterling, euros and US dollars.

Neal Devine from Sainsbury’s Bank commented: “The Cromwell Road trial has been a great success, enabling us to launch a fully operational service in selected Sainsbury’s stores. Adding a quality travel money service which provides customers with the convenience of purchasing in-store is a great fit with our approach to retailing.

“This latest addition to the services we offer complements both our customers’ holiday checklist and our growing financial services business. Travelex’s foreign exchange expertise and proven fulfilment ability guarantees our customers a great service. We’re very excited about this wide-scale roll-out which will offer a foreign exchange service to our customers in an ever-increasing number of stores.”

A strong pound combined with frequent short haul trips have kept demand in the UK for foreign spending money high. Steve O’Donovan, Regional Divisional Director at Travelex Outsourcing said, “We’ve seen a strong take-up from Sainsbury’s customers that will continue to build as more stores offer the service. Travelex’s expertise and ability to offer competitive exchange rates and innovative products, such as Cash Passport, mean both the company and their customers’ have access to the foreign exchange offering to suit their needs.”

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For more information please contact Laura Zobel, or Louise Ellis, at Lawton. 02380 838 500, Laura.Zobel@lawton.co.uk/Louise.Ellis@lawton.co.uk

Notes to Editor:

About Travelex:

Travelex is the world's foreign exchange and business payments specialist. Operating through subsidiaries and branches in four regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.

As one of the world's leading providers of outsourced travel money to banks, travel agencies and other retailers it provides products including its prepaid travel card Cash Passport to over three million channel customers annually. Through its world-leading automation Travelex offers consumers a full range of delivery channel options including telephone and web-based ordering.

www.travelex.com | www.cashpassport.com

Cash Passport:
In order to offer the customer an all-inclusive foreign exchange solution, Travelex is providing their Cash Passport product in addition to more traditional foreign exchange solutions. This is to ensure that the customer is able to receive a mixed wallet of travel money, which is generally regarded as the safest method of carrying foreign currency. To help holidaymakers improve their money management, Travelex recommends replacing credit and debit cards with a prepaid currency card, such as its Cash Passport product. Cash Passport allows customers to load their spending money in advance so they can plan ahead what they want to spend. As the card is PIN protected but not linked to a bank account, travellers benefit from peace of mind that their spending money is safe.

Sainsbury’s Bank:
To find out more about Sainsbury’s Bank and see the latest press releases, product rates and photographs, please visit the Sainsbury's Bank online media centre at www.sainsburysbank.co.uk/media.

Sainsbury's Bank offers a range of quality, competitively priced, award-winning products. Sainsbury’s Bank opened for business on 19 February 1997 and is a joint venture with Sainsbury's and HBOS.

Sainsbury’s Bank offers the following products:
Insurance: Car Insurance, Life Insurance, Home Insurance, Travel Insurance and Pet Insurance
Borrowing: Personal loans, credit cards and Driveä car purchase scheme
Saving: Internet Saver, Instant Access (branch equivalent), Direct Saver account (telephone) and Child Trust Fund

For further information and general Sainsbury’s Bank enquiries customers can call the freephone number on 0500 40 50 60 or visit www.sainsburysbank.co.uk