Company Announcements

23 March 2021

Paragon Banking Group PLC

Publication of Prospectus

The prospectus dated 23 March 2021 relating to the issue of £150,000,000 4.375 per cent. Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2031 by Paragon Banking Group PLC are available for viewing.

To view the full document, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/1750T_1-2021-3-23.pdf

A copy of the Prospectus will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. This website is not provided for, or directed at, U.S. persons or persons in the United States.  If you are a U.S. person or are viewing this page from the United States, you should exit this section of the website.

For further details please contact:

Enquiries:

Ciara Murphy, Deputy Company Secretary

07974 980152

Paragon Banking Group PLC

51 Homer Road

Solihull

West Midlands B91 3QJ

United Kingdom

LEI: 213800S1TDKIB1IUTS72

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this announcement and the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The notes and the guarantees referred to in the Prospectus (the "securities") have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under any relevant securities laws of any state of the US and are subject to US tax law requirements. Subject to certain exceptions, the securities may not be offered or sold directly or indirectly within the US or to, or for the account or benefit of, US persons or to persons within the US, as such terms are defined in Regulation S under the Securities Act. Any forwarding, distribution or reproduction of the Prospectus in whole or in part is prohibited. Failure to comply with this notice may result in a violation of the Securities Act or the applicable laws of other jurisdictions. There will be no public offering of the securities in the United States.

Your right to access this service is conditional upon complying with the above requirement. Your right to access this service is conditional upon complying with the above requirement.

Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.