Step-up Reset Rate of Interest - Bonds due 2015

Provident Financial plc

Step-Up Reset Rate of Interest

As Issuer, please be advised that in respect of the period from and including 15 June 2010 to, but excluding, 15 June 2015, the Bonds bear interest at the rate of 5.594% per annum on their principal amount.

Issue: Provident Financial PLC £100,000,000 7.125 per cent. Subordinated Step-Up Bonds due 2015

ISIN Number: XS0220965759

ISIN Reference: 022096575

Issue Nomin GBP: 100,000,000

Period: 15/06/2010 to

15/06/2015

Rate: 5.594%

Denomination GBP: 1,000 10,000 100,000

Amount payable per Denomination per annum: £55.94 £559.40 £5,594.00