Notice to Noteholders

Income Contingent Student Loans 1 2002-2006) PLC

21 December 2020

Issuer: Income Contingent Student Loans 1 2002-2006) PLC

Income Contingent Student Loans 1 2002-2006) PLC

 (the "Issuer")a company incorporated in England and Wales (registered number 10596240)

1 Bartholomew Lane, London, EC2N 2AX

Accounting Period Extension Update

We refer to the note trust deed dated 13 December 2017 between the Issuer and Citicorp Trustee Company Limited as note trustee (the "Note Trustee") (as amended, supplemented and restated from time to time, the "Note Trust Deed").

This is to give notice that the deadline for filing the annual financial statements of Income Contingent Student Loans 1 (2002-2006) PLC has been extended to 31 March 2021 by Companies House, in light of additional reporting requirements due to the impact of COVID-19.

As a result, the Issuer is unable to comply with its obligation under clause 2(a) of Schedule 5 of the Note Trust Deed to deliver to the Note Trustee, the Registrar and the Principal Paying Agent two copies of its audited financial statements no more than 180 days after the end of the relevant financial year, being 31 March 2020. The audited financial statements of the Issuer are expected to be finalised and provided to the Note Trustee, the Registrar and the Principal Paying Agent within the extended filing deadline granted by Companies House.

END