Notice of Redemption to Noteholders

Shawbrook Group plc (the "Issuer") Notice of Redemption to Noteholders

To the Noteholders of its £75,000,000 9.00 per cent. Fixed Rate Reset Callable Subordinated Notes due 2030 (ISIN: XS2199260576; Common Code: 219926057) (the "Notes").

REFERENCE IS MADE to the Trust Deed dated 10 July 2020 between the Issuer and Deutsche Trustee Company Limited (as Trustee) (the "Trust Deed"), which constitutes the Notes and contains the terms and conditions of the Notes (the "Conditions") therein.

NOTICE IS HEREBY GIVEN that, pursuant to Condition 6.3, the Issuer shall redeem all outstanding Notes at their principal amount on 10 July 2025 (the "Redemption Date"), together with unpaid interest accrued from (and including) the most recent interest payment date up to (but excluding) the Redemption Date.

Noteholders should look to the relevant clearing systems through which their Notes are held for repayment.

Following redemption of the Notes (i) all Notes will be cancelled and no further interest payments will be made and (ii) application will be made for the admission of the Notes to the Official List and to trading on the Global Exchange Market of the Irish Stock Exchange plc, trading as Euronext Dublin, to be cancelled.

Terms used but not defined herein shall have the meaning given to them in the Trust Deed.

Dated: 9 June 2025