Notice of Redemption

VANQUIS BANKING GROUP PLC

NOTICE OF REDEMPTION

£200,000,000 Fixed Rate Reset Subordinated Tier 2 Notes due 2032 (ISIN: XS2397348801 / Common Code: 239734880) (the "Notes")

18 September 2026

Vanquis Banking Group PLC (the "Issuer") hereby gives notice of redemption to the holders of the Notes.

Pursuant to Condition 6.4 (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the Notes (the "Conditions"), it is exercising its option to redeem in full all of the outstanding Notes on 13 October 2026 (the "Redemption Date").

The Notes shall be redeemed at an amount equal to their principal amount, being £41,536,000, together with unpaid interest accrued to (but excluding) the Redemption Date.

Pursuant to Condition 6.8 (Cancellation) of the Conditions, all Notes redeemed will be cancelled. Accordingly, the listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc is expected to be cancelled shortly after the Redemption Date.

Terms used but not defined in this announcement shall have the meanings given to them in the Conditions.

For further details please contact:

Investors and analysts 

James Cranstoun, Head of Investor Relations 

[email protected]  

+44 (0) 7766 937 406

Media 

Scott Mowbray, Head of External Communications 

[email protected]  

+44 (0) 7834 843 384 

Victoria Ainsworth, Senior Director (Hawthorn Advisors) 

[email protected]

+44 (0) 7894 995 886 

Vanquis Banking Group PLC

Fairburn House

5 Godwin Street

Bradford, BD1 2AH

United Kingdom

LEI: 213800U93SZC44VXN635