SKIPTON Building Society

(a building society incorporated under the Building Societies Act 1986 (as amended) under the laws of England and Wales)

(the Issuer)

NOTICE OF PARTIAL CANCELLATION OF COVERED BONDS

to the holders of those of the
£600,000,000 Series 2019-1 Floating Rate Covered Bonds due 22 February 2024

(ISIN: XS1969613055; Common Code: 196961305)

(the Series 2019-1 Covered Bonds)

issued by the Issuer presently outstanding

under the Issuer's €7.5 billion Global Covered Bond Programme

irrevocably and unconditionally guaranteed as to payment of principal and interest by
Skipton Covered Bonds Limited Liability Partnership

NOTICE IS HEREBY GIVEN to the holders of the above Covered Bonds that in accordance with Conditions 6(f) (Purchases) and 6(g) (Cancellation), the Issuer has on 30 October 2023 cancelled £300,000,000 of the Series 2019-1 Covered Bonds it owns (the Cancelled Series 2019-1 Covered Bonds) and has surrendered to the Principal Paying Agent the Cancelled Series 2019-1 Covered Bonds for cancellation.

£300,000,000 of the Series 2019-1 Covered Bonds remain outstanding and continue to be listed on the London Stock Exchange.

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 2019-1 Covered Bonds dated 26 March 2019.

For further information, please contact:

Jeremy Helme

Head of Capital Markets

Skipton Building Society

The Bailey

Skipton BD23 1DN

United Kingdom

Telephone:       +44 (0)1756 705978

Email:              [email protected]

Website:           www.skipton.co.uk

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 relevant 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 relevant Final Terms is not addressed.  Prior to relying on the information contained in the relevant Final Terms you must ascertain from the relevant Final Terms 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.