21 March 2024

NOTICE TO COVERED BONDHOLDERS

COVENTRY BUILDING SOCIETY (the Issuer)

£850,000,000 Series 12 Floating Rate Covered Bonds due April 2024

(the Series 12 Covered Bonds)

(ISIN: XS2149428109; Common Code: 214942810)

issued by the Issuer (together, the Series 12 Covered Bonds and the holders thereof the Covered Bondholders) constituted by a Trust Deed dated 17 July 2008 (as the same may be amended or supplemented from time to time) and made between the Issuer, Coventry Building Society Covered Bonds LLP (the LLP) and HSBC Corporate Trustee Company (UK) Limited (the Bond Trustee and the Security Trustee), and issued under the €7 billion Global Covered Bond Programme irrevocably and unconditionally guaranteed as to payment of principal and interest by Coventry Building Society Covered Bonds LLP (the Programme)

Publication of Amended Final Terms

Terms used and not defined herein have the same meanings given thereto in the Prospectus issued by the above-named Issuer and dated 22 November 2019.

The following amendments (as approved by the Series 12 Covered Bondholders on 21 March 2024, by way of Written Resolution) are made to the Conditions set out in the Final Terms dated 1 April 2020, as amended and restated on 21 March 2024 in respect of the Series 12 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is amended to "Interest Payment Date falling in or nearest to April 2026";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee) is amended to" Interest Payment Date falling in or nearest to April 2027";

3.        Part A - Contractual Terms, Item 10 (Interest Basis) is amended to "SONIA +0.80 per cent. Floating Rate from and including the Issue Date to but excluding 2 April 2024

From and including 2 April 2024, SONIA +0.50 per cent. Floating Rate";

4.       Part A - Contractual Terms, Item 12 (Change of Interest Basis or Redemption/Payment Basis - Interest Basis) is amended to "Interest Basis: SONIA +0.50 per cent. Floating Rate"; and

5.        Part A - Contractual Terms, Item 16(viii) (Margin(s)) is amended to" SONIA +0.80 per cent. Floating Rate from and including the Issue Date to but excluding 2 April 2024

From and including 2 April 2024, +0.50 per cent. per annum".

These changes were effective 21 March 2024.

To view the amended Final Terms, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/8483H_1-2024-3-21.pdf

Further information

For further information, please email:

[email protected]

DISCLAIMER - INTENDED ADDRESSEES

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

In particular, the Final Terms does not constitute an offer of securities for sale in the United States.  This is not for distribution in the United States.  The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or under any relevant securities laws of any state of the United States of America and are subject to U.S. tax law requirements.  Subject to certain exceptions, the securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or to persons within the United States of America, as such terms are defined in Regulation S under the Securities Act.  There will be no public offering of the securities in the United States.

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