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TSB Banking Group PLC announced its intention to repurchase the outstanding £250,000,000 8.750 per cent. Fixed Rate Reset Additional Tier 1 Perpetual Non-Cumulative Contingent Convertible Securities in full on or around 25 June 2026. Following this repurchase, the Capital Securities will be cancelled, and a request will be made to the London Stock Exchange for the cancellation of their admission to trading on the International Securities Market with effect on or around 1 July 2026.
| Date | 24 Jun 2026 |
| Time | 16:29:25 |
| Category | Miscellaneous |
| ID | 6342J |
TSB BANKING GROUP PLC
(Legal Entity Identifier: 213800KWCGLFG9WZDX35)
(the "Issuer")
NOTICE FOR THE REPURCHASE OF THE CAPITAL SECURITIES AND NOTICE TO CANCEL THE CAPITAL SECURITIES
24 June 2026
£250,000,000 8.750 per cent. Fixed Rate Reset Additional Tier 1 Perpetual Non-Cumulative Contingent Convertible Securities
(ISIN: XS2951351589; Common Code: 295135158)
(the "Capital Securities")
NOTICE IS HEREBY GIVEN by the Issuer to the holders of the Capital Securities that the Issuer intends to repurchase the outstanding Capital Securities in full on or around 25 June 2026 pursuant to Condition 7(h) (Purchases) of the Terms and Conditions of the Capital Securities.
Following such repurchase of the Capital Securities, (i) the Capital Securities will be cancelled pursuant to Condition 7(i) (Cancellation) of the Terms and Conditions of the Capital Securities and no further interest payments will be made and (ii) request will be made to the London Stock Exchange plc for the admission to trading of the Capital Securities on the International Securities Market to be cancelled with effect on or around 1 July 2026.
Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the Terms and Conditions of the Capital Securities.
This Notice is given on 24 June 2026.
For further information, please email:
Notifying person:
Katherine Sinclair
Head of Wholesale Funding
TSB BANKING GROUP PLC
19th Floor, 8 Bishopsgate
London EC2N 4BQ
United Kingdom
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Offering Circular dated 3 December 2024 (the "Offering Circular") may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) 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 Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular 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.