Shawbrook Group plc - Successful pricing of £250 million AT1 Securities offering

Shawbrook Group plc ('Shawbrook' or the 'Group') today announces the pricing of its £250 million Fixed Rate Reset Perpetual Additional Tier 1 ('AT1') Write Down Capital Securities (the 'Securities'), in conjunction with the invitation launched on 27 April 2026 to holders of its existing £124 million 12.103% AT1 securities to tender their securities for purchase.

The Securities are expected to be (i) issued on 6 May 2026 upon the satisfaction or waiver of customary conditions precedent and (ii) admitted to trading on the London Stock Exchange's International Securities Market. Following issuance, the Securities will be callable from 6 May 2031 to 6 November 2031 (and every interest payment date thereafter), subject to the satisfaction of certain conditions.

Dylan Minto, Chief Financial Officer commented:

"I'm pleased to announce the successful pricing of our latest AT1 issuance, which is being undertaken alongside a concurrent tender offer for our existing AT1 securities. This benchmark transaction enhances our capital flexibility as we continue to deliver our strategy and the orderbook peaked in excess of £1 billion, reflecting the market's confidence in Shawbrook.

Consistent with our disciplined approach to capital allocation, we actively manage and optimise our capital stack, across a broad range of funding and capital instruments. AT1 remains an efficient and effective instrument to support Shawbrook's continued growth."

The Group achieved competitive pricing, with an initial coupon of 8.375% and a Reset Spread of 380.4 basis points over Gilts.

Barclays, Goldman Sachs International and NatWest acted as Joint Lead Managers for the issuance.

For investor enquiries, please contact:

Murray Long

Head of Investor Relations

murray.long@shawbrook.co.uk

For media enquiries, please contact:

Zander Swinburne

Teneo

shawbrook@teneo.com

About Shawbrook

Shawbrook is a UK bank providing specialist lending and savings products to consumers, SMEs and professional real estate investors. Our business model combines specialist lending expertise with a scalable, technology-enabled platform and disciplined credit underwriting. Shawbrook serves approximately 600,000 customers through its portfolio of brands. Shawbrook Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

IMPORTANT INFORMATION

The securities described herein and in the related Admissions Particulars have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered, sold or delivered within the United States or to or for the account or benefit of U.S. persons, as defined in Regulation S under the Securities Act.

This communication is being distributed to and is directed only at persons in the United Kingdom having professional experience in matters relating to investments, falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order"), and persons falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). In the UK, this communication must not be acted on or relied on by persons who are not relevant persons. In the UK, any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with such persons.

MiFID II/UK MiFIR professionals and ECPs-only/No UK/EU PRIIPs KID/FCA CoCo Restriction - the Securities are not intended to be, and must not be, offered, sold or otherwise made available to retail clients (as defined in COBS 3.4) in the UK or to any retail investors in the UK or the European Economic Area (the "EEA"). No key information document (KID) required by Regulation (EU) 1286/2014 or product summary required by that Regulation as it forms part of UK domestic law has been or will be prepared in respect of the Securities, as the Securities are not available to retail investors in the EEA or the UK.

Neither this communication nor the Admissions Particulars are an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement or the Admissions Particulars in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement or the Admissions Particulars comes are required to inform themselves about and to observe any such restrictions.

The information contained in the Admissions Particulars (when published), may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Admissions Particulars) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the Admissions Particulars are not addressed. Prior to relying on the information contained in the Admissions Particulars you must ascertain from the Admissions Particulars whether or not you are part of the intended addressees of the information contained therein.

Credit ratings referred to in this communication should not be taken as recommendations by a rating agency to buy, sell or hold Securities. They may be revised, suspended or withdrawn at any time by the relevant rating agency.