Directorate Change

Nationwide Building Society announces that, further to the announcement made on 23 May 2025 regarding its intention to align the membership of the Virgin Money and Clydesdale Bank boards with that of Nationwide, and to create a simpler, more efficient governance structure the Boards of Virgin Money and Clydesdale Bank will be reconstituted with their memberships drawn exclusively from the Nationwide Board. Effective 30 September 2025, the composition of the Virgin Money and Clydesdale Bank Boards are as follows:

• Kevin Parry - Non-Executive Director, Chairman and Chair of the Governance and Nomination Committee
• Tracey Graham - Senior Independent Director Chair of the Remuneration Committee
• Phil Rivett - Non-Executive Director and Chair of the Audit Committee
• Alan Keir - Non-Executive Director and Chair of the Risk Committee
• Debbie Klein - Non-Executive Director
• Tamara Rajah - Non-Executive Director
• Gillian Riley - Non-Executive Director
• Sally Orton - Non-Executive Director
• Anand Aithal - Non-Executive Director
• Debbie Crosbie - Executive Director
• Muir Mathieson - Executive Director and Chief Financial Officer

In addition, Chris Rhodes, who remains CEO of Virgin Money and continues on the Boards of Virgin Money and Clydesdale Bank will be appointed to the Board of Nationwide as an executive director. Tracey Graham also remains a Non-Executive Director of Virgin Money and Clydesdale Bank. David Bennett will continue as a Non-Executive Director of Nationwide, Virgin Money and Clydesdale Bank until 31 December 2025, after which he will step down from all roles. Albert Hitchcock will leave the Nationwide Board effective 30 September 2025.

Kevin Parry OBE, Chairman, said: "The Board changes signify an important step in the bringing together of the Nationwide and Virgin Money businesses enabling the streamlining of decision making and governance across the combined Group. I should like to thank the retiring directors for their stewardship of the banks in the period of our ownership. I would also like to thank Albert for his valuable contribution to the Nationwide Board over a time of significant change."