Company Announcements

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S.

bLEND Funding PLC

£2,000,000,000 Secured Euro Medium Term Note Programme (the "Programme").

bLEND Funding Plc (the "Issuer") has today published a Supplement dated 7 May 2021 (the "Supplement") to the Programme Memorandum dated 15 December 2020 (the "Programme Memorandum"). This Supplement constitutes supplementary admission particulars under the rulebook of the International Securities Market. To view the Supplement, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/9600X_1-2021-5-7.pdf

The Issuer has established its social bond framework (the "Social Bond Framework") and has received a Second Party Opinion to confirm the alignment of the Social Bond Framework with the ICMA Social Bond Principles. The purpose of the Supplement is to update the terms of the Programme Memorandum to facilitate the issue of social bonds.

Under the Social Bond Framework, the Issuer may issue social bonds to finance and/or refinance, in whole or in part, social/affordable housing projects falling within the categories set out in the Social Bond Framework or other activities carried out in support of those projects ("Social Bonds").

Bonds issued to date under the Programme are fully compliant with the Social Bond Framework and are therefore recategorised as Social Bonds. Application will be made for inclusion on the LSE's Sustainable Bond Market.

For further information please contact Piers Williamson or Fenella Edge on 020 7337 9920.

bLEND Funding Plc is a wholly owned subsidiary of The Housing Finance Corporation Limited.

DISCLAIMER ‑ INTENDED ADDRESSEES

Please note that the information contained in the Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified or referred to in the Programme Memorandum) 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 Programme Memorandum is not addressed.  Prior to relying on the information contained in the Programme Memorandum and/or the Supplement you must ascertain from the Programme Memorandum whether or not you are part of the intended addressees of the information contained therein.

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