Completion of Redemption at Maturity

18 December 2025

Completion of redemption at maturity

Phoenix Group Holdings plc (the "Phoenix Group") announces the completion of a further stage in its debt redemption programme.

Phoenix Group announces that it has today redeemed in full its £197,164,000 6.625 per cent Subordinated Notes due 2025 (ISIN: XS1171593293) at their principal amount, together with accrued interest.

For further information:

Sally Campbell, Group Treasurer

+44 20 4559 4751

[email protected]

Joanne Roberts, Investor Relations Director

+44 20 4559 4673

[email protected]

Legal Entity Identifier (LEI) Number: 2138001P49OLAEU33T68