Exercise of Warrants & Additional Listing

Aldermore Group PLC

(the "Company")

Exercise of Warrants and Additional Listing Application

The Company hereby announces that it has received notice to exercise:

- 14,672,439 warrants at an exercise price of £0.89 per ordinary share into 3,668,110 new ordinary shares of £0.10 each in the Company; and

- 7,336,217 warrants at an exercise price of £1.23 per ordinary share into 1,834,054 new ordinary shares of £0.10 each in the Company;

the 5,502,164 new ordinary shares to be issued being the "New Ordinary Shares".

Application will be made to the UK Listing Authority and the London Stock Exchange for the admission of the 5,502,164 New Ordinary Shares to the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). Admission is expected to occur on or around 15 September 2015 and upon issuance the New Ordinary Shares will rank pari passu with the existing ordinary shares of £0.10 each in the Company.

In accordance with Rule 5.6.1AR of the Financial Conduct Authority's Disclosure Rules and Transparency Rules, the Company hereby announces that, following Admission, it will have 344,739,584 ordinary shares of £0.10 each in issue. The Company does not hold any ordinary shares in treasury.

The above figure of 344,739,584 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.