Optional Redemption Notice

To:

Main Market of the London Stock Exchange

FOR IMMEDIATE RELEASE 5 September 2022

Notice to Noteholders

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). 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.

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.

This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.

If you have recently sold or otherwise transferred your entire holding(s) of Notes (as defined below) referred to below, you should immediately forward this document 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 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.

Mortimer BTL 2019-1 PLC

Incorporated in England and Wales with limited liability under registered number 11924217 (the "Issuer")

£215,120,000 CLASS A NOTES DUE JUNE 2051 (ISIN: XS1998883588)

£14,255,000 CLASS B NOTES DUE JUNE 2051 (ISIN: XS1998884552)

£12,959,000 CLASS C NOTES DUE JUNE 2051 (ISIN: XS1998884636)

£9,071,000 CLASS D NOTES DUE JUNE 2051 (ISIN: XS1998884800)

£7,776,000 CLASS E NOTES DUE JUNE 2051 (ISIN: XS1998885013)

£5,184,000 CLASS X NOTES DUE JUNE 2051 (ISIN: XS1998885369)

£5,184,000 CLASS Z NOTES DUE JUNE 2051 (ISIN: XS1998885104)

(together, the "Notes")

These Notes are admitted to trading on the regulated market of the London Stock Exchange.

Capitalised terms used but not defined in this announcement have the meanings given to them in prospectus dated 19 June 2019 relating to the Notes.

Notification regarding optional redemption of the Notes in whole

The Issuer hereby gives notice pursuant to Condition 5(d)(i) (Optional Redemption in Full) of the Conditions of the Notes to the Noteholders that it intends to redeem all of the Notes in each Class at an amount equal to their Principal Amount Outstanding together with accrued (and unpaid) interest on the Principal Amount Outstanding of the Notes up to but excluding the date of redemption on the Interest Payment Date falling on 20 September 2022.

This notice is given by

MORTIMER BTL 2019-1 PLC

as Issuer

For further information please contact the Directors at: Email: [email protected]

Attention: The Directors Address: 8th Floor,

100 Bishopsgate, London, EC2N 4AG