RNS Number: 8373F

Blitzen Securities No.1 PLC

12 July 2023

Notice to Noteholders and Certificateholders

BLITZEN SECURITIES NO. 1 PLC

(a public company incorporated with limited liability in England and Wales

with registered number 13012841)

(the "Issuer")

NOTICE

to the holders of:

£484,740,000 of Class A mortgage-backed floating rate notes due 2062

(ISIN XS2374596109)

£25,660,000 of Class B mortgage-backed floating rate notes due 2062

(ISIN XS2374597255)

£25,660,000 of Class C mortgage-backed floating rate notes due 2062

ISIN: XS2374597503

£17,110,000 of Class D mortgage-backed floating rate notes due 2062

ISIN: XS2374597768

£11,410,000 of Class E mortgage-backed floating rate notes due 2062

ISIN: XS2374597925

£5,698,000 of Class F mortgage-backed floating rate notes due 2062

ISIN: XS2374598576

£14,260,000 of Class X mortgage-backed floating rate notes due 2062

ISIN: XS2374608128

(together the "Notes")

(ISIN XS2374596109)

Class Y Certificate due 2062

(ISIN XS2374723224)

Class RC1 Residual Certificate due 2062

(ISIN XS2374723901)

Class RC2 Residual Certificate due 2062

(ISIN XS2374724545)

(together, the "Certificates")

each issued by the Issuer and constituted by a trust deed dated 20th August 2021 between the Issuer and Deutsche Trustee Company Limited in its capacity as Note Trustee and Security Trustee.

REDEMPTION OF THE CLASS X NOTES IN FULL

Pursuant to Condition 8.2(c), the Issuer hereby provides notice that on the Interest Payment Date falling on 17 July 2023, a Note Principal Payment of £159,666.58 is due to be made on the Class X Notes, in accordance with the Pre-Enforcement Revenue Priority of Payments. Following such repayment, the Principal Amount Outstanding of the Class X Notes will be reduced to zero and the Class X Notes will be redeemed in full. In accordance with Condition 8.8, the Class X Notes will be cancelled upon redemption.

Capitalised terms used herein which are not specifically defined have the meanings given to them in Schedule 1 (Master Definitions Schedule) of the incorporated terms memorandum, dated 20th August 2020, entered into between, inter alios, the Issuer and Blitzen Bidco DAC No.1 as Seller (as may be further amended, restated, varied, replaced, supplemented and/or novated from time to time).

For any additional information, please contact the Issuer at:

Blitzen Securities No.1 Plc

10^th Floor, 5 Churchill Place

London E14 5HU

United Kingdom

[email protected]