THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

Tesco Personal Finance Group PLC

Notice of Optional Redemption

LEI Number: 213800IZX26LIAH44T95

12 July 2024

Tesco Personal Finance Group PLC(the Company)

Notice of Optional Redemption to the noteholders

£250,000,000 3.50 per cent Notes due 2025 (XS2031923126)the Notes)

We refer to the Offering Circular dated 11 July 2019, Condition 5(c) (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the Notes (the Conditions) and the Final Terms dated 23 July 2019 (the Final Terms), under which the Issuer may, subject to Condition 5(j), on giving not less than the 10 nor more than 30 days' notice to Noteholders, redeem all of the outstanding Notes on the Optional Redemption Date (being the Interest Payment Date falling on or nearest to 25 July, 2024) at the Optional Redemption Amount (being £1,000 per Calculation Amount (such Calculation Amount also being £1,000)), together with interest accrued to (but excluding) the Optional Redemption Date.

Terms used but not defined in this notice have the meaning given to them in the Offering Circular.

NOTICE IS HEREBY GIVENthat on 25 July 2024 (the Optional Redemption Date) all of the outstanding Notes (the outstanding nominal amount of such Notes being £144,703,000) will be redeemed at the Optional Redemption Amount, together with interest accrued (but unpaid) to (but excluding) the Optional Redemption Date (Accrued Interest).

Payment in relation to the Notes will be made in accordance with the usual procedures of Euroclear Bank SA/NV and/or Clearstream Banking S.A. Once redeemed, the Notes will be cancelled in accordance with Condition 5(i) (Cancellation) of the Conditions. The Issuer hereby also gives notice that the listing of the Notes on the Financial Conduct Authority's Official List and the admission of the Notes to trading on the Main Market of the London Stock Exchange plc will be cancelled on, or shortly after, 25 July 2024.

This notice is irrevocable.

For further information you may contact: Roy Linnell (Tesco Bank Treasury Director) roy.linnell@tescobank.com.

This notice is released by Tesco Personal Finance Group PLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (UK MAR). For the purposes of UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, this announcement is made by Roy Linnell, Treasury Director of Tesco Personal Finance Group PLC.

This notice of redemption is issued and directed only to the holders of the Notes and no other person shall, or is entitled to, rely or act on, or be able to rely or act on, its contents, and it should not be relied upon by any holder of Notes for any other purpose.