Virgin Money UK PLC

LEI: 213800ZK9VGCYYR6O495

ISIN: GB00BD6GN030
7 March 2023

Virgin Money UK PLC (the "Company")
Transaction in Own Shares and CDIs

The Company announces that on 7 March 2023 it had purchased a total of (a) 0 of its ordinary shares of £0.10 each (the "ordinary shares") on the London Stock Exchange, Chi-X Europe and/or BATS Europe through the Company's broker Citigroup Global Markets Limited and (b) 225,820 CHESS Depositary Interests ("CDIs"), each representing one ordinary share, on the Australian Securities Exchange through the Company's broker Citigroup Global Markets Australia Pty Limited, in each case as detailed below. The repurchased ordinary shares (including the CDIs, once transmuted into ordinary shares) will be cancelled.

The purchases form part of the Company's extended share buyback programme announced on 21 November 2022 (the "Extended Buyback") effected within the scope of the authority conferred on the Company at its February 2022 Annual General Meeting. The Extended Buyback start date was 21 November 2022 and in the case of Shares bought back in the UK, the Extended Buyback completed on 8 December 2022 and, in the case of CDIs bought back in Australia, the Extended Buyback completed today.  

The total number of ordinary shares and CDIs purchased up to and including the prior announcement was 80,245,170 being ordinary shares and CDIs purchased under the Company's share buyback programme announced on 30 June 2022 (the "Initial Buyback") and the Extended Buyback. As such, the Company has now bought back 80,470,990 ordinary shares and CDIs (in aggregate) and has now completed the Extended Buyback having repurchased £49,969,312.66 of ordinary shares and CDIs (in aggregate).

Following settlement of the above purchases and cancellation of the purchased ordinary shares and CDIs, the Company's total number of ordinary shares in issue shall be 1,365,033,811.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018, the detailed breakdown of individual trades made by Citigroup Global Markets Limited on behalf of the Company as part of the share buyback programme is set out below.

This announcement does not constitute, or form part of, an offer or solicitation of an offer for securities in any jurisdiction.

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

For further information, please contact:

Schedule of Purchases - Individual Transactions

On XLON, CHIX or BATE:

On ASX: