Statement re intention to call

EXECUTION VERSION

NOTICE TO THE HOLDERS OF THE OUTSTANDING NOTES 

PAVILLION MORTGAGES 2021- PLC 

(the Issuer)

£523,013,000.00 Class A Mortgage Backed Floating Rate Notes due August 2064 (the Class A Notes) (ISIN: XS2404211786, Common Code: 240421178)

£32,837,000.00 Class B Mortgage Backed Floating Rate Notes due August 2064 (the Class B

Notes) (ISIN: XS2404212081, Common Code: 240421208)

£26,867,000.00 Class C Mortgage Backed Floating Rate Notes due August 2064 (the Class C Notes) (ISIN: XS2404213055, Common Code: 240421305)

£8,956,000.00 Class D Mortgage Backed Floating Rate Notes due August 2064 (the Class D Notes)

(ISIN: XS2404213212, Common Code: 240421321)

£5,373,000.00 Class E Mortgage Backed Floating Rate Notes due August 2064 (the Class E Notes)

(ISIN: XS2404213568, Common Code: 240421356)

£10,449,000.00 Class R Floating Rate Notes due August 2064 (the Class R Notes) (ISIN:

XS2404214293, Common Code: 240421429)

(together, the Notes)

100 Class X Certificates (ISIN: XS2404214962, Common Code: 240421496) 

and

100 Class Y Certificates (ISIN: XS2404215696, Common Code: 240421569)

(together, the Certificates)

1

EXECUTION VERSION

The Notes are admitted to the Official List and to the London Stock Exchange plc and to trading on its regulated market.

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.

Capitalised terms used, but not defined herein, shall have the meaning given thereto in the Prospectus dated 16 December 2021 in relation to the issue and offering of the Notes.

NOTICE IS HEREBY GIVEN that the Issuer understands that the current expectation of the Portfolio Option Holder is that it will exercise the Portfolio Purchase Option which will result in the Notes being redeemed (and the Certificates cancelled) on the Payment Date falling in February 2025.

There can be no certainty as to whether the Portfolio Option Holder will exercise the Portfolio Purchase Option. The Portfolio Option Holder's current expectations are subject to change and should not be construed as notice to exercise any rights in respect of such Portfolio Purchase Option (which notice may or may not be given).

This notice is given by:

PAVILLION MORTGAGES 2021-1 PLC

Address: 10th Floor 5 Churchill Place, London, England, E14 5HU

Dated 18 February 2025