RNS Announcement

Paragon Banking Group PLC

11 March 2025

Publication of Final Terms of Inaugural Covered Bond

Paragon Bank PLC ("Paragon Bank"), the banking subsidiary of Paragon Banking Group PLC ("Paragon") announces that the following Final Terms dated 7 March 2025 under the £5 billion Covered Bond Programme of Paragon Bank PLC are available for viewing.

£500,000,000 Series 2025-1 Floating Rate Covered Bonds due March 2028

Nigel Terrington, chief executive, said: "We are delighted to have completed the inaugural covered bond in our programme. The £500 million bond met significant investor demand, with over £1.4 billion of orders from a diverse range of investors comprising Bank Treasuries, Building Societies and Asset Managers.  This transaction demonstrates the confidence in Paragon's franchise and the quality of our buy-to-let mortgages."

The Final Terms can be viewed at: http://www.rns-pdf.londonstockexchange.com/rns/2139A_1-2025-3-11.pdf

The Final Terms have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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 one of the intended addressees of the information contained therein.

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