THIS NOTICE IS IMPORTANT AND IS FOR THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM) OR OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

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.

ECONOMIC MASTER ISSUER PLC
(incorporated in England with limited liability under number 12341676)
(the "Issuer")

£350,000,000 Series 2021-1 Class A Notes due June 2073 (Regulation S ISIN: XS2347638574; Regulation S Common Code: 234763857) (Rule 144A ISIN: XS2347637840; Rule 144A Common Code: 234763784) (the Series 2021-1 Class A Notes)

NOTICE IN RELATION TO THE REDEMPTION OF CERTAIN NOTES AND NOTICE TO DELIST CERTAIN NOTES ISSUED BY THE ISSUER

We refer to the trust deed dated 31 July 2020 (the Principal Trust Deed) constituting the Notes, as supplemented by the supplemental trust deed dated 25 June 2021 relating to the Series 2021-1 Class A Notes (the Supplemental Trust Deed and, together with the Principal Trust Deed, the Trust Deed) made between the Issuer and Citicorp Trustee Company Limited as note trustee (the Note Trustee) and security trustee (including the terms and conditions of the Notes (the Conditions)) as the same may be as amended, restated, supplemented or otherwise modified or replaced from time to time and to the final terms dated 17 June 2021 in relation to the Series 2021-1 Class A Notes (the Final Terms). Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Trust Deed (including by incorporation).

NOTICE IS HEREBY GIVEN that the Issuer redeemed in full the Series 2021-1 Class A Notes on 27 July 2026 that were issued under the Issuer's Residential Mortgage-Backed Note Programme.

Following the full and final redemption of the Series 2021-1 Class A Notes, the Issuer intends to remove the listing of the Series 2021-1 Class A Notes from the Official List maintained by the United Kingdom's Financial Conduct Authority and the admission to trading on the London Stock Exchange plc of the Series 2021-1 Class A Notes with effect on 28 July 2026.

This notice is for information purposes only and Noteholders do not need to take any action at this time. Noteholders with queries concerning the content of this notice should contact the persons set out at the foot of this announcement.

The Note Trustee assumes no 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.

This Notice is given on 27 July 2026.

For further information, please contact:

ECONOMIC MASTER ISSUER PLC as Issuer

Address:           5 Churchill Place, 10th Floor, London, England, E14 5HU

Attention:          The Directors

Telephone:        +44 (0)203 855 0285