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 CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY.

29 April 2022

NOTICE TO THE HOLDERS OF THE FOLLOWING NOTES ISSUED BY

THE BERKELEY GROUP PLC
(the "Issuer")

£400,000,000 2.500 per cent. Guaranteed Notes due 2031 (ISIN: XS2370445921) (the "Notes")

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NOTICE OF A NEW GUARANTOR

_______________________

NOTICE IS HEREBY GIVEN THAT:

In accordance with Condition 2(c) of the Terms and Conditions of the Notes and Clause 4.2 of the trust deed dated 11 August 2021, as supplemented on 28 February 2022 (the "Trust Deed") made between the Issuer, certain guarantors named therein (the "Guarantors") and HSBC Corporate Trustee Company (UK) Limited (the "Trustee") and by way of a supplemental trust deed between the Issuer, the Trustee and St William Homes LLP (the "New Guarantor") dated 28 April 2022, the New Guarantor has acceded to the obligations as a Guarantor and becomes a Guarantor under the Notes constituted by the Trust Deed.

Information on the New Guarantor

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The New Guarantor is a direct or indirect wholly-owned subsidiary of the Issuer.

The Issuer's LEI is:        2138001V85JLYR7AUB61

Further information on The Berkeley Group plc is available at https://www.berkeleygroup.co.uk/