Redemption at the Option of the Company

If Call Option is specified as being applicable in the Final Terms, the Company may at its option but subject to Condition 5(j), on giving not less than 30 nor more than 60 days’ irrevocable notice to the Noteholders and the Trustee (or such other notice period as may be specified in the Final Terms), redeem all or, if so provided, some only of the Notes on any Optional Redemption Date. Any such redemption of Notes shall be at their Optional Redemption Amount specified in the Final Terms (which may be the Early Redemption Amount (as described in Condition 5(b) above)), together with interest accrued to the date fixed for redemption. Any such redemption or exercise must relate to Notes of a nominal amount at least equal to the Minimum Redemption Amount to be redeemed specified in the Final Terms and no greater than the Maximum Redemption Amount to be redeemed specified in the Final Terms

Optional Redemption Date(s): 12 April 2027

Loss Absorption Disqualification Event Redemption

If at any time a Loss Absorption Disqualification Event occurs and is continuing in relation to any Series of Senior Notes, and the applicable Final Terms or Pricing Supplement for the Notes of such Series specify the Company has an option to redeem such Senior Notes, the Company may redeem all, but not some only, of the Senior Notes of such Series at the price set out in the applicable Final Terms or Pricing Supplement together with any outstanding interest.

A Loss Absorption Disqualification Event shall be deemed to have occurred if, as a result of any amendment to, or change in, the Loss Absorption Regulations, or any change in the application or official interpretation of the Loss Absorption Regulations, in any such case becoming effective on or after the Issue Date of the first Tranche of the Senior Notes, the Notes are or (in the opinion of the Company the Relevant Regulator and/or the United Kingdom resolution authority) are likely to be fully or (if so specified in the applicable Final Terms or Pricing Supplement) partially excluded from the Company’s and/or the Group’s minimum requirements for (A) own funds and eligible liabilities and/or (B) loss absorbing capacity instruments, in each case as such minimum requirements are applicable to the Company and/or the Group and determined in accordance with, and pursuant to, the relevant Loss Absorption Regulations; provided that a Loss Absorption Disqualification Event shall not occur where the exclusion of the Notes from the relevant minimum requirement(s) is due to the remaining maturity of such Notes being less than any period prescribed by any applicable eligibility criteria for such minimum requirements under the relevant Loss Absorption Regulations effective with respect to the Company and/or the Group on the Issue Date of the first Tranche of such Notes.