Company Announcements

This Notice is important and requires the immediate attention of Noteholders and DCI Holders. If any Noteholder or DCI Holder is in any doubt as to the action it should take or is unsure of the impact of the matters indicated in this Notice, it should seek its own financial and legal advice, including as to any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser.

Notice of Current Position on Reference Rate Modification

London Wall Mortgage Capital plc

8th Floor, 100 Bishopsgate, London EC2N 4AG

Registered in England and Wales as company number 10001337

(the Issuer)

in relation to

Series Fleet 2018‑01
(the Series)

of the Issuer's Residential Mortgage Backed Securities Programme
(the Programme)

To the Noteholders of the following issued by the Issuer in relation to the Series (the Notes):

Series Fleet 2018‑01 Class A Notes
ISIN XS1728162667, Common Code 172816266;

Series Fleet 2018‑01 Class B Notes
ISIN XS1728163558, Common Code 172816355;

Series Fleet 2018‑01 Class C Notes
ISIN XS1728164101, Common Code 172816410;

Series Fleet 2018‑01 Class D Notes
ISIN XS1728164523, Common Code 172816452;

Series Fleet 2018‑01 Class Z1 Notes
ISIN XS1728164879, Common Code 172816487; and

Series Fleet 2018‑01 Class Z2 Notes
ISIN XS1728165173, Common Code 172816517; and

the DCI Holders of the following issued by the Issuer in relation to the Series (the DCIs):

Series Fleet 2018‑01 Class R1 DCIs
ISIN XS1730023782, Common Code 173002378;

Series Fleet 2018‑01 Class R2 DCIs
ISIN XS1730023949, Common Code 173002394; and

Series Fleet 2018‑01 Class R3 DCIs
ISIN XS1730024160, Common Code 173002416.

The Issuer notifies the Holders of the Notes and the DCIs that:

1.         Proposal Notice means the Notice of Reference Rate Modification issued by the Issuer on 10 November 2021 to the Holders of the Notes and the DCIs;

2.         expressions used, but not defined in, this Notice have the meanings given to them in the Proposal Notice;

3.         no objection votes in respect of the Proposed Reference Rate Modification or Proposed Amendments were received, in accordance with the procedures set out in the Proposal Notice, from A Noteholders by the Deadline and, therefore, the 10% Threshold was not reached by the Deadline;

4.         accordingly, the Issuer is taking steps with a view to satisfying the remaining requirements of Base Condition 15.3 (Compliance Modification) which are applicable to the Proposed Reference Rate Modification and the Proposed Amendments; and

5.         upon those requirements being satisfied, the Issuer will enter into the Proposed Amendment Documents and issue a further notice to the Holders of the Notes and the DCIs attaching redacted copies of the final Proposed Amendment Documents that it enters into.

This Notice is given by:

London Wall Mortgage Capital plc

8th Floor, 100 Bishopsgate, London EC2N 4AG.

This Notice is dated 23 December 2021.