Commencement of Retail Offer

Investors should not subscribe for or purchase any shares referred to in this announcement or the Registration Document except solely on the basis of the information contained in the price range prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, published by Shawbrook Group plc (the "Company" and, together with its subsidiaries, the "Group" or "Shawbrook") in connection with the offer of ordinary shares in the Company ("Shares") and admission of such Shares to the Official List of the FCA in the equity shares (commercial companies) category and to trading on the Main Market for listed securities of the London Stock Exchange plc. A copy of the Prospectus published by the Company is available for inspection on the Company's website at https://www.shawbrook.co.uk/about-us/investors/, subject to certain access restrictions.

Shawbrook Group plc

Launch of Retail Offer

The Retail Offer

The Retail Offer is being made on the basis outlined in the Prospectus.

The terms and conditions of the Retail Offer are set out in Part XVI of the Prospectus.

Further information on Shawbrook and its business is set out in the Prospectus, which is or will shortly be available on the Company's website at https://www.shawbrook.co.uk/about-us/investors/, subject to certain access restrictions, the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and from participating retail brokers, wealth managers and investment platforms, subject to applicable securities laws and regulations.

Expected Retail Offer Timetable

All dates are indicative and subject to change. All times are GMT.

Accessing the Retail Offer

Retail investors can apply to participate in the Retail Offer through RetailBook's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation.

More information on how to apply to participate in the Retail Offer (including a full list of RetailBook's distribution partners) can be found here: https://www.retailbook.com/offers/ipo/shawbrook.

Applications for Shares through participating partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as GIAs. Investors wishing to apply using their ISA, SIPP or GIA should contact their investment platform, retail broker or wealth manager for details of their terms and conditions, process and any relevant fees or charges.

Eligibility for the Retail Offer

To be eligible to participate in the Retail Offer, applicants must be a customer of a participating partner. Eligible retail investors wishing to subscribe for the Shares should contact their investment platform, retail broker or wealth manager to confirm if they are participating in the Retail Offer. Some partners may only accept applications from existing customers.

There is a minimum application amount of £250 per investor.

Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, tax or legal advice.

It should be noted that an application for Shares and investment in the Company carries a number of risks. Investors should take independent advice from a person experienced in advising on investment in securities such as the Shares if they are in any doubt.

An investment in the Company will place capital at risk. The value of your investment in the Company and any income from it is not guaranteed and can go down as well as rise. When you sell your investment, you may get back less than the amount originally invested.