Notice of Transfer of Listing

Virgin Money UK PLC

("Issuer")

LEI: 213800ZK9VGCYYR6O495

25 February 2026

NOTICE OF TRANSFER OF LISTING

£300,000,000 7.625 per cent. Fixed Rate Reset Callable Senior Notes due 2029 (the "Notes") issued under the £10,000,000,000 Global Medium Term Note Programme of the Issuer

ISIN: XS2667626233

Common Code: 266762623

The Issuer today gives notice of its intention to cancel 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 (the "Delisting") and relist the Notes on the International Securities Market of the London Stock Exchange plc (the "ISM").  In accordance with UK Listing Rule 21.2.17R, the Issuer is required to give at least 20 business days' notice of the intended voluntary Delisting. It is intended that the Delisting will become effective from 8:00 a.m. on 25 March 2026. The Issuer intends to list the Notes on the ISM effective from 2 March 2026.

In accordance with clause 7.16 of the trust deed constituting the Notes, the Issuer is entitled to obtain a listing of the Notes on an alternative stock exchange if it considers that maintaining the existing listing has become unduly onerous. The admission of the Notes to trading on the Main Market of the London Stock Exchange results in the Issuer being classified as a Public Interest Entity under the Companies Act 2006 (as amended) ("PIE"), which carries additional consolidated reporting, governance and audit requirements. Admission to trading on the ISM does not result in the Issuer being classified as a PIE.

Following the revocation of the Prudential Regulation Authority sub-consolidated prudential requirements applicable to the Issuer on 1 December 2025, and the subsequent planned transfer of substantially all of the business of the Issuer's main operating subsidiary (Clydesdale Bank PLC) to Nationwide Building Society pursuant to a court sanctioned scheme under Part VII of the Financial Services and Markets Act 2000 (as amended) on 2 April 2026, the Issuer has considered the impact of these developments. The Issuer believes that it would be unduly onerous for it to prepare consolidated accounts for the year ended 31 March 2026, and of minimal value to investors in the Notes.

Enquiries

Important notice

The Notes are "Specialist Securities" for the purposes of the ISM. The ISM is a market designated for qualified investors (as prescribed in Regulation 16 of the Public Offers and Admissions to Trading Regulations 2024 (SI 2024/105) ("POATRs")). The London Stock Exchange plc, as a Recognised Investment Exchange does not make assessments of investor eligibility. Given that under Regulation 16 of POATRs, only qualified investors are permitted to trade on ISM and no qualified investor is permitted to trade on behalf of persons who are not themselves qualified investors, financial intermediaries acting for investors are responsible for ensuring that only investors who are qualified investors as prescribed by Regulation 16 of POATR are permitted to trade on ISM. Securities admitted to trading on ISM are not admitted to the Official List of the Financial Conduct Authority.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.