Appointment of Non-executive Director

VIRGIN MONEY HOLDINGS (UK) PLC

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Virgin Money Holdings (UK) plc (Virgin Money or the Company) is pleased to announce that it has strengthened its Board through the appointment of Geeta Gopalan as an Independent Non-Executive Director. Geeta will join the Board with effect from 25 June 2015 and will become a member of the Audit, Risk, Balance Sheet and Remuneration Committees.

Biography

Geeta currently holds Independent Non-Executive Directorships with Vocalink, the payment systems and ATM switching platform specialist, and its subsidiary Advanced Payment Technology Ltd, a company focussed on mobile payment solutions. Geeta is also a Non-Executive Member and Vice Chair of the England Committee of the Big Lottery Fund, one of the largest funders of the community and voluntary sector in England.

Geeta's executive career in financial services included the role of Director of Payment Services with HBOS, and during 17 years with Citigroup she held the roles of Managing Director, UK Retail Bank and Business Development Head EMEA. At Monitise, the AIM listed mobile payments company, Geeta was Chair of Monitise Europe. She was also a member of the Management Board at Vayana Financial Services, a financial services business focused on electronic supply chain financing in India and the Middle East. Geeta also ran her own consultancy business.

Glen Moreno, Chairman of Virgin Money, said: "I am delighted that Geeta Gopalan will join the Board of Virgin Money. Geeta's broad experience and knowledge of the financial services industry, including digital innovation, will be invaluable to us as we move forward and continue to build the Company. This is an excellent appointment which further strengthens the Board and I look forward to working closely with Geeta."

The Company confirms that there is no additional information to disclose pursuant to Listing Rule 9.6.13R.

Katie Marshall

Company Secretary

10 June 2015