EXECUTION VERSION

NOTICE TO NOTEHOLDERS

PERMANENT MASTER ISSUER PLC

1 Bartholomew Lane, London EC2N 2AX (the Master Issuer)

NOTICE OF PAYMENT OF LOAN TRANCHES

£500,000,000 Series 1 Class A4 Asset Backed Floating Rate Notes due July 2075 (ISIN: XS2058007944; Common Code: 205800794) (the 2019-1 Series 1 Class A4 Notes)

(the Notes and the holders thereof, the Noteholders)

issued by the Master Issuer constituted by a Master Issuer Trust Deed dated 17 October 2006 (as amended) between the Master Issuer and The Bank of New York Mellon, London Branch as trustee for the Noteholders (the Note Trustee)

14 October 2024

Notice is hereby given by the Master Issuer to the Noteholders, that the Seller intends, on the Funding 2 Interest Payment Date occurring in October 2024, to make a payment to Funding 2 pursuant to Clause 7.1(b)(i) of the Amended and Restated Mortgages Trust Deed dated 24 April 2023 in an amount (the Seller Payment Amount) which will be sufficient to enable Funding 2 to repay the aggregate Outstanding Principal Balance due under the Loan Tranche corresponding to the 2019-1 Series 1 Class A4 Notes (the 2019 Series 1 Class A4 AAA Loan Tranche) due under the Master Intercompany Loan Agreement (as amended and restated on 1 March 2007, 21 November 2007, 15 January 2008, 24 September 2009, 6 July 2010, 11 December 2014, 14 November 2016, 3 September 2019 and 24 April 2023) and the Loan Tranche Supplement as amended and restated on 24 April 2023 so that the Master Issuer may pay the Redemption Amount together with any accrued and unpaid interest due on the 2019-1 Series 1 Class A4 Notes on or after the Call Option Date (as set out in the applicable Final Terms) on the Funding 2 Interest Payment Date occurring in October 2024.

Terms otherwise not defined in this notice shall have the meaning given to them in the terms and conditions of the Notes (the Conditions).

For further information please contact:

Bank of Scotland plc Group Corporate Treasury 25 Gresham Street

London EC2V 7HN

Attention: Gavin Parker, Head of Securitisation Execution and Collateral Management By: Permanent Master Issuer PLC