Director/PDMR Shareholding

30 March 2016

Virgin Money Holdings (UK) PLC (the Company)

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") 

This notification is made in accordance with DTR3.1.4R (1) (a).

The structure of the Company's Remuneration Policy is set out in detail in the Directors' Remuneration Report on pages 112 to 121 of the annual report and accounts for the financial year ended 31 December 2015 (the "Annual Report & Accounts") which was published on 2 March 2016 and can be found on the Investor Relations part of the Company's website www.virginmoney.com.

On 26 March 2015, Richard Hemsley, a PDMR of the Company, was, under the terms of his appointment by the Company, granted awards over ordinary shares of £0.0001 in accordance with the terms of the Deferred Share Bonus Plan and Long Term Incentive Plan to compensate for forfeited awards from previous employment. On 26 March 2016, the next tranche of the awards vested.

Following the vesting of these awards the Company's nominated broker, Equiniti Financial Services Limited has notified the Company, on 30 March 2016 that it has sold sufficient shares on behalf of the participant, inter alia, to satisfy the tax liabilities arising on vesting of the awards and that the net balance of shares have been transferred to the PDMR. The net shares are subject to a further six-month hold period before any further sales or transfers can be effected.

The sale of these shares was undertaken at 358.51 pence per share:

The transactions took place in the UK and the shares are listed on the London Stock Exchange.

Enquiries:

Virgin Money Investor RelationsAdam Key020 7111 1311 or [email protected]

Virgin Money Company SecretaryKatie Marshall0191 279 6482 or [email protected]