Redemption of Notes

LV Bonds Plc

LEI: 213800Q3EZSYWUQ1UM74

7 May 2026

Redemption of outstanding £350,000,000 6.50 per cent. Fixed Rate Reset Subordinated Notes guaranteed by Liverpool Victoria Financial Services Limited, callable 2023 due 2043 (the "Notes") by LV Bonds Plc(ISIN: XS0935312057)

If you are in doubt about any aspect of this announcement and/or the action you should take, you should consult your stockbroker, financial adviser, solicitor, accountant or other professional adviser.

Capitalised terms used but not defined in this announcement have the meanings given to them in the terms and conditions of the Notes contained in the trust deed originally dated 22 May 2013, as subsequently amended and restated on 18 December 2023 (the "Terms and Conditions").

LV Bonds Plc (the "Issuer") today announces the exercise of the Issuer's early redemption option in respect of the Notes not tendered as part of the tender offer announced by the Company on 17 April 2023, which closed on 26 April 2023. As at the date of this announcement, the aggregate principal amount of Notes outstanding is £200,002,000.

The Notes will be redeemed in full on 22 May 2026 (the "Redemption Date") at the price set out in Condition 7(d) (Redemption at the option of the Issuer) of the Terms and Conditions. Following the redemption, the Notes will be cancelled in accordance with Condition 7(k) (Cancellation) of the Terms and Conditions.

The Issuer has today delivered the notice required by Condition 7(d)(i) (Redemption at the option of the Issuer) of the Terms and Conditions to the Noteholders.

END.