3rd Quarter Results

12 November 2015

Aldermore Group PLC

Q3 2015: Continued delivery against targets

On track to deliver targeted 2015 net loan growth of c£1.4bn

· Organic loan origination of £1.9bn year-to-date; up 12% on prior year (Q3 2014 YTD: £1.7bn)

· Net loans to customers up by 20% to £5.8bn (31 December 2014: £4.8bn)

o Lending to SMEs up by 19% to £2.7bn (31 December 2014: £2.2bn)

o Residential Mortgages up by 22% to £3.1bn (31 December 2014: £2.6bn)

Dynamic online deposit franchise matches lending growth

· Customer deposits up by 20% to £5.4bn (31 December 2014: £4.5bn)

· Excellent SME deposit growth; up by 28% to £1.3bn (31 December 2014: £1.0bn)

Maintained robust capital position

· Total capital ratio(1) of 15.6% (30 June 2015: 15.8%)

· CET 1 capital ratio(1) of 12.0% (30 June 2015: 12.0%)

· Leverage ratio(1) of 7.2% (30 June 2015: 7.2%)

Phillip Monks, CEO, commented:

"It has been another excellent quarter for Aldermore as net lending continues to increase in line with our expectations. We've delivered net loan growth of around £1bn for the first nine months of the year with net loans totalling £5.8bn at the end of September. Growth across the board is strong, with loans to SMEs up by 19% to £2.7bn and lending to homeowners up by 22% to £3.1bn.

"We refreshed our buy-to-let customer offering in July and I'm very pleased that, across both SME Commercial and Residential Mortgages, buy-to-let origination during the third quarter was around 19% higher than for the same period last year. As expected, we have not seen any impact from the recently announced changes to tax relief for some individual buy-to-let landlords.

"Our award-winning online deposit franchise funds our support of UK SMEs and homeowners with year-to-date growth of 20% to £5.4bn in deposits matching the rate of lending growth. We continue to diversify our deposit base and have driven 28% growth in SME deposits this year.

"Macro-economic conditions and the credit environment remain relatively benign in the UK, with base rates unchanged and continued growth in our target markets. We are on track to deliver net loan growth of around £1.4bn in 2015 while maintaining our margins, robust capital position and prudent risk appetite. We remain excited about the opportunity we face and confident of our ability to build on our proven track record of delivery for both customers and shareholders during the rest of this year and beyond."

(1) All capital ratios are fully loaded CRD IV ratios as at 30 September 2015 and include Q3 2015 profits.

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Important disclaimer

Visit www.aldermore.co.uk for more information. This press release may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance, results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK economic business conditions, market-related risks such as fluctuations in interest rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group operates. As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.

Aldermore

Aldermore is an SME-focused bank which operates with modern, scalable and legacy-free infrastructure. It offers simple financial products and solutions to meet the needs of underserved Small and Medium-sized Enterprises (SMEs) across their business and personal lives, as well as homeowners and savers. Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK. Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be. Established in 2009, Aldermore has grown significantly. At the end of September 2015, lending to customers stood at £5.8 billion and customer deposits totalled £5.4 billion. For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC's shares (ALD.L) listed on the Main Market of the London Stock Exchange. Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.