NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW).

If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisors as you deem necessary.

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

GEMGARTO 2023-1 PLC

(Legal Entity Identifier: 635400VBSEGPUXLYKP64)

(incorporated in England and Wales with limited liability under registered number 15075707)

(the "Issuer")

£476,487,000 Class A Notes due December 2073
(ISIN: XS2702923728 / Common Code: 270292372)

£38,338,000 Class B Notes due December 2073

(ISIN: XS2702924882 / Common Code: 270292488)

£10,954,000 Class C Notes due December 2073

(ISIN: XS2702925004 / Common Code: 270292500)

£10,954,000 Class D Notes due December 2073

(ISIN: XS2702925186 / Common Code: 270292518)

£5,477,000 Class E Notes due December 2073

(ISIN: XS2702925269 / Common Code: 270292526)

£2,738,000 Class F Notes due December 2073

(ISIN: XS2702925699 / Common Code: 270292569)

£2,738,000 Class G Notes due December 2073

(ISIN: XS2702925772 / Common Code: 270292577)

£5,477,000 Class Z Notes due December 2073

(ISIN: XS2702926150 / Common Code: 270292615)

(the "Notes")

Class S1 Certificate

(ISIN: XS2702929253 / Common Code: 270292925)

Class S2 Certificate

(ISIN: XS2702929337 / Common Code: 270292933)

Class Y Certificate

(ISIN: XS2702928016 / Common Code: 270292801)

(the "Certificates")

NOTICE OF RECALL OF FUNDS

NOTICE IS HEREBY GIVEN that the Servicer has informed the Issuer and the Cash Manager that the Principal Receipts reflected in Servicer Report for the Collection Period ending in February 2024 was incorrectly stated. The Cash Manager has also informed the Issuer that the Available Principal Receipts applied on the Payment Date falling in March 2024 (the "Relevant Payment Date") in accordance with the Pre-Enforcement Principal Priority of Payments was overstated as a result and that this incorrect amount was reflected in the corresponding Investor Report.

As a consequence of the above, the incorrect, overstated amount previously paid as principal on the Relevant Payment Date in respect of the Class A Notes has been recalled from holders (who, for the avoidance of doubt, were holders on the Relevant Payment Date) through the Clearing Systems prior to the date of this notice.

The Cash Manager has also informed the Issuer that the Investor Report previously issued in respect of the Relevant Payment Date has been restated to include the correct figures and that such Investor Report has been made available at https://pivot.usbank.com.

No further action is required on the part of any Noteholder or Certificateholder.

The Note Trustee and the Security Trustee do not assume any responsibility or liability for the contents of this notice and makes no recommendations as to any action to be taken with respect to this notice.

Nothing in this notice constitutes or contemplates an offer of, an offer to purchase or the solicitation of an offer  to sell, any security in any jurisdiction. This notice and any non-contractual obligations arising out of or in connection with this notice are governed by and shall be construed in accordance with the laws of England and  Wales.

No person has been authorised to give information, or to make any representation in connection herewith, other  than as contained herein and such information or representation must not be relied upon as having been authorised  by or on behalf of the Issuer. The delivery of this notice at any time does not imply that the information in it is correct as at any time subsequent to its date.

Defined terms used in this notice will have the meaning given to them in the prospectus of the Issuer dated 11 December 2023.

23 May 2024

This notice is given by:

GEMGARTO 2023-1 PLC as Issuer

Contact:                 The Directors
Address:                10th Floor 5 Churchill Place, London, United Kingdom, E14 5HU
Email:                    [email protected]