Suspension of Listing and Trading

Suspension of Listing and Trading of Virgin Money Ordinary Shares

The boards of Virgin Money and Nationwide are pleased to announce that, in advance of the scheme of arrangement between Virgin Money and its shareholders under Part 26 of the Companies Act (the "Scheme") to implement the recommended cash acquisition of the entire issued and to be issued share capital of Virgin Money by Nationwide (the "Acquisition") becoming Effective, the listing of Virgin Money Ordinary Shares on the Official List and the trading of Virgin Money Ordinary Shares on the London Stock Exchange's main market for listed securities were suspended with effect from 7.30 a.m. today, 30 September 2024.

The Acquisition is subject to the terms and conditions set out in the scheme document relating to the Acquisition published on 22 April 2024 (the "Scheme Document").

Next steps

The Scheme remains conditional on, and will become Effective upon, the delivery of a copy of the Court Order to the Registrar of Companies which is expected to occur on 1 October 2024.

It is expected that, subject to the Scheme becoming Effective on 1 October 2024, the listing of Virgin Money Ordinary Shares on the Official List and the trading of Virgin Money Ordinary Shares on the London Stock Exchange's main market for listed securities will each be cancelled with effect from 8.00 a.m. on 1 October 2024. It is further expected that, subject to the Scheme becoming Effective on 1 October 2024, the listing of Virgin Money on the Australian Securities Exchange will be cancelled with effect from 1 October 2024.

Further announcements will be made when the Scheme has become Effective and when the listing and trading of the Virgin Money Ordinary Shares have been cancelled.

If any of the expected times and dates set out above change, Virgin Money will give notice of this change by issuing an announcement through a Regulatory Information Service and the ASX Market Announcements Platform and, if required by the Panel, posting notice of the change(s) to Virgin Money Shareholders and persons with information rights. Such announcement will be made available on Virgin Money's website at www.virginmoneyukplc.com/investor-relations/announcements/ and on Nationwide's website at https://www.nationwide.co.uk/investor-relations/virgin-money-terms-of-access/.

Full details of the Acquisition are set out in the Scheme Document.

Virgin Money's LEI Number is 213800ZK9VGCYYR6O495.

Announcement authorised for release by Lorna McMillan, Group Company Secretary of Virgin Money.

Clifford Chance LLP is acting as legal adviser to Virgin Money in connection with the Acquisition.

Slaughter and May is acting as legal adviser to Nationwide in connection with the Acquisition.

Disclaimers

Information for Overseas Shareholders

Notice to Australian Virgin Money Shareholders

Share purchases

General