Notice to Noteholders

BRIDGEGATE FUNDING PLC (the Issuer)

£2,317,612,000 Reg S Class A Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549049539)

£0 Rule 144A Class A Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549049612)

£6,898,000 Reg S Class B Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549049703)

£131,055,000 Rule 144A Class B Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549049885)

£4,829,000 Reg S Class C Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549049968)

£91,738,000 Rule 144A Class C Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549050032)

£2,760,000 Reg S Class D Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549050115)

£52,421,000 Rule 144A Class D Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549050206)

£2,070,000 Reg S Class E Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549050388)

£39,316,000 Rule 144A Class E Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549050461)

£2,070,000 Reg S Class F Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2549050545)

£39,316,000 Rule 144A Class F Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2549050628)

£1,035,000 Reg S Class X Mortgage Backed Floating Rate Notes due October 2062

(Reg S ISIN: XS2442283482)

£19,658,000 Rule 144A Class X Mortgage Backed Floating Rate Notes due October 2062

(Rule 144A ISIN: XS2442283565)

£3,449,000 Reg S Class Z Mortgage Backed Zero Rate Notes due October 2062

(Reg S ISIN: XS2549050891)

£65,528,000 Rule 144A Class Z Mortgage Backed Zero Rate Notes due October 2062

(Rule 144A ISIN: XS2549050974)

£1,794,000 Reg S Class R Mortgage Backed Zero Rate Notes due October 2062

(Reg S ISIN: XS2442283219)

£34,074,000 Rule 144A Class R Mortgage Backed Zero Rate Notes due October 2062

(Rule 144A ISIN: XS2442283300)

(together, the Notes)

10 April 2026

NOTICE TO NOTEHOLDERS

NOTICE IS HEREBY GIVEN that the Issuer will redeem all the Notes at their then Principal Amount Outstanding (unless otherwise agreed with a Noteholder) together with accrued (and unpaid) interest on the Interest Payment Date falling in April 2026 (being 16 April 2026) (the "Redemption Date"), pursuant to Condition 8.4 (Mandatory Redemption in full pursuant to the exercise of the Portfolio Purchase Option) read with the consents and waivers provided below (the "Redemption").

Notice is also hereby given to the holders of the Notes that in order to finance the Redemption, the Issuer intends to issue new residential mortgage backed notes (the "New Notes") on or about 15 April 2026 (the "New Issuance Date" and the issuance of the New Notes, the "New Issuance"). The proceeds of the New Issuance (to the extent necessary to redeem the Notes and repay the other existing Secured Creditors) will be credited to the Transaction Account of the Issuer which will continue to be secured (until the Redemption) in favour of the holders of the Notes and existing Secured Creditors of the Issuer such that the Notes to be redeemed on the Redemption Date will be fully cash collateralised. The Issuer will retain Beneficial Title to the Portfolio Purchase Option Loans.

Notice is also hereby given to the holders of the Notes that, in such context, inter alia, the following waivers and consents has been provided by the Note Trustee (acting on instructions of the Noteholders, Certificateholders and Retention Holder by way of Extraordinary Resolutions (dated on or about the date hereof) ("Written Resolutions")):

(i) certain provisions of the Conditions, the Trust Deed and the Deed of Charge have been waived for the following purposes:

a. to permit the New Issuance;

b. to provide for Issuer to undertake activities in relation to the New Issuance which includes, inter alia, entering into new documentation, amendment and/or termination of the certain existing Transaction Documents, opening of new Issuer accounts for security in relation to New Issuance, creating security over assets of the Issuer (other than Transaction Account where the proceeds of the New Issuance will be credited will be secured in favour of the existing Secured Creditors of the Issuer) in relation to the New Issuance, listing process of the New Notes and other activities as may be required in relation to the New Issuance.

(ii) requirements of the Deed Poll set out below:

a. condition in clause 3.2 of the Deed Poll requiring the Portfolio Option Holder to deliver the Pre-Exercise Notice;

b. the condition in Clause 3.1 (Exercise of the Portfolio Purchase Option) of the Deed Poll requiring the Portfolio Option Holder to deliver the Exercise Notice;

c. the obligations in (A) Clause 3.5 of the Deed Poll requiring the Issuer to deliver the Counter Notice within two Business Days of receipt of the Exercise Notice and (B) Clause 3.6 of the Deed Poll requiring the Beneficial Title Transferee to deliver the Acceptance Notice within two Business Days of receipt of the Counter Notice;

d. the condition in Clause 3.3(b) that requires that the Portfolio Sale Completion Date must be after the Calculation Date immediately preceding the Optional Redemption Date but ten Business Days prior to the Optional Redemption Date;

e. each provision of the Deed Poll that provides that the Beneficial Title (as defined in the Deed Poll) in the Portfolio Purchase Option Loans must be transferred by the Issuer;

f. the obligation in Clause 3.12 of the Deed Poll that the Portfolio Option Holder is required to provide irrevocable payment instructions for an amount to be transferred equal to the Portfolio Purchase Option Purchase Price for value on the Portfolio Sale Completion Date to the Transaction Account, provided that such deposit shall be made on or before the Portfolio Sale Completion Date (or such later date as agreed with the Note Trustee)

have all been waived by the Note Trustee, in each case, on the basis of the Written Resolutions.

Capitalised terms used but not otherwise defined in this notice have the meanings given to them in Schedule 1 (Definitions) of the master definitions and construction schedule dated 19 January 2023 relating to the Notes entered into between, amongst others, the Issuer, the Note Trustee, the Cash Manager and the Servicer.

The Issuer accepts responsibility for the information contained in this notice.

This notice is given by:

BRIDGEGATE FUNDING PLC

5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED ABOVE). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.

THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.

THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014, INCLUDING THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018. 

If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisors as you deem necessary.

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this Notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

This Notice and any non-contractual obligations arising out of or in connection with this Notice will be governed by and construed in accordance with the laws of England and Wales.

No person has been authorised to give information, or to make any representation in connection therewith, other than as contained herein. The delivery of this Notice at any time does not imply that the information in it is correct as at any time subsequent to its date.