Clydesdale Bank PLC
(the Bank)

LEI: NHXOBHMY8K53VRC7MZ54

25 March 2026

NOTICE OF CANCELLATION OF COVERED BONDS

to the holders of those of the
£500,000,000 Series 6 Floating Rate Covered Bonds due June 2028

(ISIN: XS2643790590; Common Code: 264379059)

(the Series 6 Covered Bonds)

£3,750,000,000 Series 10 Floating Rate Covered Bonds due June 2035

(ISIN: XS3095269539; Common Code: 309526953)

(the Series 10 Covered Bonds)

issued by the Bank presently outstanding

under the Bank's €15 billion (at the time of issuance of the Series 6 Covered Bonds, €10 billion) Global Covered Bond Programme

irrevocably and unconditionally guaranteed as to payment of principal and interest by
Eagle Place Covered Bonds LLP

NOTICE IS HEREBY GIVEN to the holders of the above Covered Bonds that in accordance with Conditions 7(f) (Purchases) and 7(g) (Cancellation), the Bank has on 25 March 2026 cancelled £500,000,000 of the Series 6 Covered Bonds and £3,750,000,000 of the Series 10 it owns (together, the Cancelled Covered Bonds) and has surrendered to the Principal Paying Agent the Cancelled Covered Bonds for cancellation.

Capitalised terms used but not defined in this Notice shall have the meanings given to them in the Terms and Conditions of the Covered Bonds and in the Final Terms of the Series 6 Covered Bonds dated 28 June 2023 and the Terms and Conditions of the Covered Bonds and in the Final Terms of the Series 10 Covered Bonds dated 11 June 2025.

For further information, please contact:

Vikas Sidhu

Head of Investor Relations and Treasury Sustainability

Telephone:       +44 (0) 7738 273287

Email:              [email protected]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this Notice and the terms of the Covered Bonds to which it relates may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Notice and the terms of the Covered Bonds to which it relates) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the information is not addressed. Prior to relying on the information contained in this Notice and the terms of the Covered Bonds to which it relates you must ascertain from the Notice or the Covered Bonds to which it relates whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.