Confirmation of Share Premium Cancellation

The Company is pleased to announce that the High Court of Justice, at a confirmation hearing held earlier today, has approved the Company's application to cancel the amount standing to the credit of the Company's share premium account as it stood at 31 December 2024 (the "Share Premium Cancellation").

Details of the Share Premium Cancellation were set out in the Notice of General Meeting published by the Company on 31 March 2025, and it was approved by shareholders at the annual general meeting of the Company held on 8 May 2025.

The Court order confirming the Share Premium Cancellation, and a statement of capital approved by the Court in connection therewith, will be sent to the Registrar of Companies shortly. The Share Premium Cancellation will become effective upon the registration of the Court order and associated statement of capital by the Registrar of Companies.

The Share Premium Cancellation becoming effective will not affect the rights attaching to the Company's ordinary shares and will not result in any change to the number of ordinary shares in issue (or their nominal value). It will also not impact reported shareholders' equity in total on a consolidated basis, nor alter the Group's consolidated regulatory capital, including the Common Equity Tier 1 capital.

Ali Johnson

Group Company Secretary