VIRGIN MONEY UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

18 January 2023

Notice of the Annual General Meeting 2023

As required by Listing Rule 9.6.1, the Company has submitted a copy of each of the following documents to the National Storage Mechanism, and these will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

·        Notice of the Annual General Meeting 2023 (2023 AGM);

·        Form of Proxy for the 2023 AGM for those holding ordinary shares; and

·        Voting Intention Form for the 2023 AGM for those holding CHESS Depositary Interests (CDIs).

The Notice of the 2023 AGM will shortly be available to view on the Company's website:

https://www.virginmoneyukplc.com/investor-relations/shareholder-information/shareholder-meetings/

The 2023 AGM will be held at 9.00am (GMT) on Tuesday 21 February 2023 at the offices of Addleshaw Goddard LLP, Milton Gate, 60 Chiswell Street, London EC1Y 4AG.

Information on how to submit questions and vote are set out in the Notice of the 2023 AGM. Responses to frequently asked questions across key themes relevant to the business of the Meeting will be available to view on the Company's website prior to the 2023 AGM by following the above link.

Market purchase of own shares

Pursuant to Listing Rule 12.4.4, the Company announces that it intends to propose a resolution at the 2023 AGM seeking general authorisation to make market purchases of the Company's own ordinary shares of 10 pence each. Additionally, the Company intends to propose resolutions at the 2023 AGM seeking authorisation to enter into contingent purchase contracts with each of: (a) Citigroup Global Markets Australia Pty Limited and (b) Goldman Sachs International. The commercial purpose of these authorities is to enable the Company to purchase ordinary shares and CHESS Depositary Interests (CDIs) representing up to approximately 14.99% of the Company's issued share capital. The proposed resolutions increase the current 10% authority approved by shareholders at prior year annual general meetings and are intended to provide the Board with additional flexibility in relation to shareholder returns. The Directors will exercise the authority to make market purchases of the Company's own shares only when to do so would be in the best interest of the Company and of its shareholders generally and would lead to an increase in the Company's earnings per share. Further details are provided in the explanatory notes to resolutions 20, 21 and 22 in the Notice of the 2023 AGM.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

For further information, please contact: