THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER FINANCIAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF THEY ARE IN THE UNITED KINGDOM) OR OTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER.

5 March 2026

ANNINGTON FUNDING PLC

(THE "ISSUER")

notice in respect of the

£400,000,000 2.308% Sterling Fixed Rate Bonds due 6 October 2032 (ISIN: XS2393618389) (the "2032 Notes")

£760,000,000 3.935% Sterling Fixed Rate Bonds due 12 July 2047 (ISIN: XS1645518819) (the "2047 Notes")

£400,000,000 2.924% Sterling Fixed Rate Bonds due 6 October 2051 (ISIN: XS2393618462) (the "2051 Notes" and together with the 2032 Notes and the 2047 Notes, the "Notes")

issued by the Issuer and guaranteed by Annington Limited ("AL"), Annington Property Limited ("APL") and Annington Homes Limited ("AHL" and together with AL and APL, the "Guarantors" and each a "Guarantor") under the Issuer's £5,000,000,000 Euro Medium Term Note Programme

On 27 January 2026, the Issuer announced that it had received Notices of Acceleration (as defined in such announcement) from GLAS Trustees Limited ("GLAS"), in its capacity as Trustee in respect of the 2032 Notes, the 2047 Notes, and the 2051 Notes. 

On 4 March 2026, GLAS, acting through its legal counsel, sent a claim form issued in the English High Court to the Issuer and Guarantors seeking judgment for, among other things, all principal, interest, Early Redemption Amounts and other sums due under the Trust Deeds and the Notes (the "Proceedings"). The claim form will be deemed to have been formally served on the Issuer and Guarantors on 6 March 2026.

Annington reiterates that it rejects in its entirety the basis upon which the Notices of Acceleration have been issued, and its position is that such notices are a legal nullity.  As a result, Annington maintains that the Proceedings are wholly without merit and Annington intends to robustly contest the Proceedings.

This notice, and any non-contractual obligations arising out of or in connection with it, is governed by, and shall be construed in accordance with, English law.

This announcement is made by:

ANNINGTON FUNDING PLC as Issuer

For further information, holders of the Notes should contact:

Annington Funding plc

Hays Lane House
1 Hays Lane
London
SE1 2HB

LEI: 549300KK63W8VZIONZ83