Issue size announcement

This is an advertisement and not a prospectus.

The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the European Economic Area or in any other jurisdiction where it is unlawful to distribute this document.

UK MiFIR retail investors, professional investors and ECPs target market - Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels) and also retail clients (all distribution channels).

BELONG LIMITED 7.5% SOCIAL BONDS DUE 2030

Issue Size Announcement

This announcement constitutes the Issue Size Announcement as referred to in the prospectus dated 2 June 2025 (the "Prospectus") and must be read in conjunction with the Prospectus.

Defined terms used herein shall have the meanings attributed to them in the Prospectus.

The Offer Period relating to the Bonds closed at 4.00 p.m. (London time) on 26 June 2025 and, accordingly, Bonds can no longer be subscribed for pursuant to the offer.

The offer was well received by holders of the Issuer's 4.5 per cent. bonds due 2026 secured on a loan to the Charity (the "Existing Bonds") and by new investors, with orders exceeding the Charity's target of £25,000,000.

In accordance with Article 17 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, the Issuer is therefore pleased to confirm the following in connection with the offer of the Bonds:

As previously announced, the proceeds of the offer will enable the Charity to purchase £27,996,600 in principal amount of the Existing Bonds, following which £22,003,400 in aggregate principal amount of the Existing Bonds will remain outstanding.

-ENDS-

For enquiries, please contact:

About Belong Limited

Belong Limited was established in 1991 to provide high quality, person-centred care, accommodation and ancillary services to older people. The vision of the Charity is that by operating a continually improving and innovative care model that integrates services, housing and community, the Charity aspires to redefine what's possible for the well-being of older people and give its customers and staff a genuine voice in how it goes about it.

The Belong villages provide dementia and nursing care, as well as apartments for independent living, within a community village setting. They provide a full spectrum of care, from respite care to end of life care, enabling the Charity to support older people as their needs change.

Each Belong village offers:

· Households: typically, Household residents are frail, older people aged 85 or above and around two thirds of Household customers have a diagnosis of dementia.

· Apartments: typically, Apartment residents are in their early 80s and move to a Belong village to be part of a more vibrant community at a time when they or their partner may need more support.

· Domiciliary care services and specialist day care for those needing care and support in their own home known as "Belong at Home": the Charity has a registered home care service to provide support in the wider community and this has often proved a feeder route for people experiencing support from the Charity prior to moving into a Belong village.

· Specialist day care, known as "Experience Days": this service is open to people living in the wider community, enabling them to enjoy a day taking advantage of Belong village facilities and activities in a supported and facilitated way, often in order to give carers a break.

· Exercise services: available both to residents and members of the public that have been referred to the Charity or are connected to the Charity in some way, each Belong village gym is equipped with state-of-the-art equipment and technology and the Charity's fitness instructors are trained to develop specialist, personalised programmes which have been independently evaluated and found to improve mobility, balance, stamina and strength according to people's needs.

· Purpose-built buildings and grounds for access to communal living.

· A programme of events and activities which are attended by people from the wider community as well as Belong village residents.

Taken together, the Charity's services offer a continuum of care and mean that it is able to support people as their needs change, offering a 'home for life'.

About Allia C&C

Allia C&C is a leading expert in socially responsible finance, working to amplify economic and social impact. It supports a range of organisations that span the impact spectrum, from charities through to businesses that act responsibly - facilitating their access to the most appropriate and optimal funding for their needs from investors who are interested in creating impact.

The team at Allia C&C were responsible for the creation of the RCB platform and have managed each of its bond issues.

For more information please see www.alliacc.com

About RCB Bonds PLC

RCB Bonds PLC is a public limited company; it was established as a special purpose issuing vehicle but is not itself a charity. It is governed by an independent and experienced board of directors from the financial and charity sectors who are acting on a pro-bono basis. The administration of RCB Bonds PLC is carried out by Allia Bond Services Limited, a subsidiary of Allia C&C.

For more information please see https://rcb-bonds.com

About the Bonds

· The Bonds may not be suitable for all investors. Investors should ensure they fully understand the risks and seek independent financial advice.

· Investors should note that the market price of the Bonds can rise and fall during the life of the investment and the price of the Bonds could fall below the issue price of 98 per cent.

· In the event that RCB Bonds PLC or Belong Limited becomes insolvent or goes out of business, investors may lose some or all of their investment.

This announcement is an advertisement within the meaning of Article 2(k) of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA") (the "UK Prospectus Regulation") and is not a prospectus for the purposes of the UK Prospectus Regulation. A prospectus dated 2 June 2025 (the "Prospectus") relating to the Bonds has been prepared and made available to the public in accordance with the UK Prospectus Regulation.

The Prospectus is available on the website of RCB Bonds PLC (https://rcb-bonds.com/bond-document/belong-limited-7-5-social-bonds-due-2030/). A key information document ("KID") pursuant to Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA has been prepared by RCB Bonds PLC in connection with the Bonds. A copy of the KID is also available on the website of RCB Bonds PLC (https://rcb-bonds.com/bond-document/belong-limited-7-5-social-bonds-due-2030/).

The Prospectus has been approved by the Financial Conduct Authority (the "FCA") as competent authority under the UK Prospectus Regulation. The FCA only approves the Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the UK Prospectus Regulation. Such approval should not be considered as an endorsement of RCB Bonds PLC, Belong Limited or the quality of the Bonds that are the subject of the Prospectus.

Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Bonds that are the subject of the Prospectus. Investors should not subscribe for any bonds referred to in this announcement except on the basis of information in the Prospectus.

The restriction on financial promotions contained in section 21(1) of the Financial Services and Markets Act 2000 does not apply to this announcement by virtue of article 70(1A) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.

The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds. Any purchase of Bonds pursuant to the offer should only be made on the basis of the information contained in the Prospectus.

The Bonds have not been and will not be registered under the United States Securities Act of 1933 (as amended, the "Securities Act") and, subject to certain exceptions, may not be offered or sold within the United States or to United States persons. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.