Aldermore Group PLC · (2) Includes corporate deposits. 13 (3) RWA = Risk weighted assets. (4) CET1 ratio = Common equity tier 1 capital / RWAs . Continued balance sheet momentum…

Full Year Results 2015 Aldermore Group PLC

10 March 2016

Full year results 2015

1

Business update Phillip Monks

Performance update James Mack

Q&A

Outlook Phillip Monks

A year on from IPO ….

Generating attractive and sustainable returns 2

Delivered another excellent set of financial results 1

Strong balance sheet and capital position

3

2

Benefit from a diversified lending, funding and distribution model 4

Confident of driving continued significant growth 5

Underlying profit before tax (£m)(1)

Cost of risk (bps)

2015: Another year of strong financial delivery

3

Cost income ratio (%)(1)

(1) Excludes IPO costs of £4.1m pre-tax (£3.4m post-tax) in 2015 and £6.0m pre-tax (£4.6m post-tax) in 2014 (2) After AT1 coupon payment in April 2015 of £3.5m pre-tax (£2.8m post-tax)

Net interest margin

3.4% 3.6%

2014 2015

56

99

2014 2015

60 51

2014 2015

23 19

2014 2015

Underlying profit before tax(1) up by 75% to £99m

Net interest margin increased to 3.6%

Cost/ income ratio(1) improved by 9% to 51%

Cost of risk of 19bps reflects strong discipline and benign credit environment

Underlying return on equity(1)(2) of 20.6%

Net loans up by 28% to £6.1bn

Origination of £2.6bn; up 10% on prior year

71,000 lending customers, up 27% in year

Strong capital position

Fully loaded CRD IV total capital ratio of 15.1%

Fully loaded CRD IV CET1 ratio of 11.8%

Asset Finance grew by 29% to £1.3bn

Strong origination of £893m; up by 21%

Customer numbers up by 30% to c42,000

SME Commercial Mortgages up by 50% to £0.8bn

Excellent origination of £428m; up by 42%

Direct grew by over 200%; now 26% of origination

Buy-to-Let grew by 18% to £2.4bn

Customers numbers up by 15% to c16,000

Robust origination of £673m; down 7%

Direct grew by 10% and is now 19% of origination

Residential Mortgages up by 42% to £1.4bn

Origination of £582m up by 4%

40% increase in customers to c10,000

Driving continued double digit lending growth in 2015

4

1.0 1.3

0.2 0.2 0.6

0.8

2.0

2.4

1.0

1.4

2014 2015

Asset Finance Invoice Finance

SME Commercial Mortgages Residential Mortgages Buy-to-Let

4.8

6.1

+42%

+18%

+50%

+29%

-11%

+28%

Net loans to customers (£bn)

£28bn Credit cards

£111bn

Significant opportunities for growth in focus markets

5

Lending market in the UK is estimated to be around £530bn

Source: Council of Mortgage Lenders (CML), British Bankers Association (BBA), Finance and Leasing Association (FLA), Asset Based Finance Association (ABFA), DeMontfort University. Aldermore estimates. Other consumer finance includes second charge mortgages, personal loans and credit cards (non-BBA members), retail store and online credit, Point of sale (source: FLA). Invoice Finance figure is based on loan advances as at the end of September 2015. Overdrafts excluded. Mortgage distribution split excludes buy-to-let and commercial mortgages. For illustration purposes only, not to scale.

2015

mar

ket g

row

th (%

)

2015 market size (£bn)

15%

Invoice Finance

Mortgages (£268bn)

£20bn

9%

6%

3%

12%

0%

Aldermore’s estimated market share

Broker £5bn

£53bn

Other consumer finance

Consumer car finance

Asset Finance (£28bn)

Personal loans

£20bn

Hard assets 80%

Soft assets 20%

Intermediated 70%

Direct 30%

Remortgages £55bn

Commercial Mortgages

£48bn

First time buyers £47bn

Homemovers £72bn

Buy-to-Let £38bn

Other £8bn

Direct £14bn

Sales £9bn

Broker £5bn

22%

3%

13%

39%

23%

Asset Finance

Invoice Finance

SME CommercialMortgages

Buy-to-Let

Residential Mortgages

Aldermore is a diversified, specialist lender ….

6

66%

22%

2% 6%

3% 1% Retail deposits

SME deposits

Corporate deposits

FLS

RMBS

Other wholesale

£6.1bn(1)

Customer loans

Funding base

£6.4bn(1)

(1) As at 31 December 2015

Focus on large, growing segments which are under- or poorly served by the wider market

Specialist and experienced credit underwriters remain at the core of our growing business

Modern technology enables the teams to concentrate on the key credit issues

Pro-active approach; able to tackle complex deals

Able to underwrite creditworthy business that the high street banks cannot

Industry-leading reputation for expert and responsive service underpins strong franchise

Treat our brokers as an extension of our team

Consistent decisions provide clarity of appetite

Rapid and responsive service

Differentiated proposition will continue to deliver significant, profitable and diversified growth

Confident of sustained momentum across the business

7

First time buyers £33bn

Buy-to-Let £23bn

Diversified lending portfolio provides multiple growth levers within our current prudent risk appetite

Small shares of addressable markets

Continue to extend distribution reach and mix

Ongoing investment in technology supports customer experience, innovation and broker service

Proven ability to leverage our specialist underwriting capability into adjacent market segments

1.2

2.1

3.4

4.8

6.1

2011 2012 2013 2014 2015

£0.9bn

£1.3bn

£1.4bn

£1.3bn


Asset Finance: Clear strategy for delivering continued growth

(1) Source: Finance and Leasing Association (FLA). Total market originations for 2015 excluding high value (deals over £20m). (2) “Sales” finance includes origination where the finance company has an indirect relationship with the customer through the manufacturer, dealer, supplier

or distributor of the equipment and includes vendor programmes.

Pre-eminent Asset Finance lender for UK brokers

Maintain market-leading share of growing broker-distributed market

Continued investment and relentless focus on flexible and responsive service

Training the next generation of UK brokers

Continued push into soft assets

Deepening relationships with specialist brokers

Further penetration of sales channel

Leverage Dealer Services proposition into key industry segments of agriculture, construction, transportation and materials handling

Target manufacturers with Stocking facility

8

Aldermore Asset Finance net loans (£bn)

12.3 14.1

8.2 9.0

4.6 5.0

25.2 28.1

2014 2015Direct Sales Broker

Asset finance market origination by channel (£bn)(1)(2)

1.0

1.3

2014 2015

Buy-to-Let remains a significant growth opportunity

9

57%

(1) Source: English housing survey (2) Source: Council of Mortgage Lenders (CML)

0

10

20

30

40

2006 2007 2008 2009 2010 2011 2012 2013 2014

Mortgaged Owned Outright Social Rental Private Rental

32.7

30.7

19.4

17.3

30.5

39.7

12.2

17.7

Trends in UK housing tenure (%)(1)

UK Buy-to-Let market origination by purpose (%)(2)

0%

20%

40%

60%

80%

100%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Remortgages Purchases Other

Buy-to-let will remain a key part of the UK market

Around 20% of UK households are currently living in privately rented accommodation

Expected to grow by 1.1m households in 5 years

Prudent underwriting approach

Average LTV at origination is c70%

Minimum DSCR of 150%; stress for 2% increase in interest rates plus 1% for voids/ maintenance

Driving continued growth at attractive margins

Expect overall buy-to-let market to remain resilient

c70% of our portfolio relates to remortgages

Span all landlord types and simple to complex properties so responsive to shifting market dynamics

Diversified mortgage strategy levers multiple growth options

10

Build on existing Mortgage-wide capability

Continue to capitalise on market-leading expertise and service levels for brokers

Ongoing investment in technology; upgrading our mortgage operating platforms

SME Commercial Mortgages growth supported by ongoing office/retail construction activity

Focus on commercial investment in multi-let properties rather than single high profile anchor tenants

Support experienced regional property developers where planning consent already obtained

Buy-to-let demand expected to remain resilient

Offering responsive to changing demand dynamics

Government initiatives promote home ownership

Significant opportunity to support first time buyers

Invested in in-house advisors to drive Direct

Aldermore Mortgages net loans (£bn)

44 48 27 38

176 182

247 268

2014 2015Commercial Buy-to-Let Residential

UK Mortgage market origination (£bn)(1)

0.6 0.8

2.0 2.4

1.0

1.4 3.6

4.6

2014 2015SME Commercial Buy-to-Let Residential

(1) Source: Council of Mortgage Lenders (CML), DeMontfort University, Aldermore estimates.

26

56

99

2013 2014 2015

Confident of delivering continued profitable growth

11

Another year of strong delivery

Underlying profit before tax up by 75% to £99m

Net lending grew by 28% to £6.1bn

Maintained diversified funding base, prudent risk appetite and strong capital position

Clear and differentiated strategy leveraging

Specialist and experienced credit underwriters supported by modern technology

Our award-winning reputation for expert and responsive service

Positive outlook

Expect to deliver continued nominal net loan growth in line with recent run rates

Confident in our ability to generate strong, sustainable returns for shareholders


Underlying profit before tax (£m)(1)

3.4

4.8

6.1

2013 2014 2015

(1) Excludes IPO costs of £4.1m pre-tax (£3.4m post-tax) in 2015 and £6.0m pre-tax (£4.6m post-tax) in 2014


12



Q&A


Commentary

Note: Numbers may not exactly sum / reconcile due to rounding. (1) Includes derivatives held for risk management, fair value adjustments for

portfolio hedged risk, other assets, prepayments and accrued income, deferred tax and property, plant and equipment.

(2) Includes corporate deposits.

13

(3) RWA = Risk weighted assets. (4) CET1 ratio = Common equity tier 1 capital / RWAs

Continued balance sheet momentum…

31 December 31 December(£m) 2015 2014 Growth %

Key balance sheet itemsNet loans 6,145 4,801 28%Cash and investments 806 707 14%Intangible assets 24 23 6%Fixed and other assets(1) 34 35 (2%)Total assets 7,009 5,565 26%Customer deposits(2) 5,742 4,459 29%Wholesale funding 636 621 2%Other liabilities 97 107 (9%)Total liabilities 6,475 5,186 25%Ordinary shareholders' equity 460 305 51%AT1 capital 74 74 -Total equity 534 379 41%Total liabilities and equity 7,009 5,565 26%

Key ratiosLoans to deposits ratio 107% 108%Net loan growth (£bn) 1,344 1,427Fully loaded CRD IV RWAs(3) 3,693 2,702Fully loaded CRD IV CET1 capital 436 281Fully loaded CRD IV CET1 ratio(4) 11.8% 10.4%Leverage ratio 7.3% 6.3%

1

2

2

3

1. Net loan growth of 28% to £6.1bn

− Net loan growth of £1.3bn represents a strong performance

− Diverse portfolio with significant double digit growth across all major lending lines

1. Funding remains deposit-led

− Deposits up 29% to £5.7bn

− Loans to deposits ratio of 107%

1. Successfully listed on LSE in March 2015

− Raised £75m of gross primary equity

1

2

3 1

(£m) 2015 2014 Growth %

Key P&L itemsInterest income 300 228 32%

Interest expense (102) (88) (16%)

Net interest income 199 140 42%

Net fee and other operating income(3) 26 26 (2%)

- (1) -

Operating income 225 165 36%

Operating expenses (116) (99) (17%)

IPO related costs (4) (6) 32%

Profit before impairment losses 105 60 75%

Impairment losses (10) (10) (8%)

Profit before tax 95 50 88%

Tax (16) (12) (38%)

Profit after tax 78 38 104%

Underlying profit before tax(1) 99 56 75%

Key ratiosNet interest margin 3.6% 3.4%

Cost income ratio(1) 51% 60%

Cost of risk 19 bps 23 bps

Underlying return on equity(1)(2) 20.6% 15.1%

Earnings per share 22.7 p 13.0 p

Net derivatives income and gains on disposal of debt securities(4)

…drives a significant improvement in profitability

14 (1) Excludes IPO related costs of £4.1m pre-tax (£3.4m post-tax) in 2015 and £6.0m pre-tax

(£4.6m post-tax) in 2014 (2) Return on Equity = Profit after tax minus AT1 coupon paid / average ordinary shareholder

equity. AT1 coupon payment in April 2015 of £3.5m pre-tax (£2.8m post-tax)

1. Net interest income up by 42% to £199m − Loan growth drives 32% increase in interest

income to £300m − Funding costs up by only 16% as we

benefit from ongoing diversification

2. Net fee and other income stable at £26m − Growth in Asset Finance and Mortgages offsets

reduction in Invoice Finance fees

2. Leveraging our scaleable operating platform − Operating income up 36%; expenses up 17% − Cost/income ratio(1) improves by 9pts to 51%

2. Rigorous focus on credit quality − Cost of risk improved by 4 bps to 19 bps

2. Tax charge benefits from DTA revaluation

3. Underlying return on equity(1)(2) of 20.6%

4

3

1

2

5

1

3

6

4

6

3

6

(3) Net fees and other operating income = Fee income + Fee expense + Other operating income

(4) Net derivatives income and gains on disposal of debt securities = Net income from derivatives and other financial instruments + Gains on disposal of available for sale of debt securities

2

4

5

Commentary

92 111

2014 2015

37 45

2014 2015

7.7% 6.5%

SME Commercial Mortgages

35

66

2014 2015

228 300

2014 2015

Delivering strong growth at attractive risk adjusted margins

15 (1) Gross interest margin = interest income / average net loans

Gross interest margin (%)(1)

Asset Finance

57 76

2014 2015

6.4% 6.3%

9 8

2014 2015

Invoice Finance

4.7% 4.5%


5.6% 4.6%

Group

5.6% 5.5%

Interest income (£m)

Buy-to-Let

5.2% 5.0%

Funding diversification drives expected improvement in NIM

(1) Numbers may not exactly sum / reconcile due to rounding (2) Loans to deposits ratio = net customer loans / customer deposits (3) Cost of funding = interest expense / average net loans. (4) Net interest margin = net interest income / average net loans.

16

Deposit-led funding strategy

− £5.7bn of customer deposits; up by 29%

− Of which SME deposits grew by 37% to £1.4bn

− Of which Corporate deposits exceed £150m

Ongoing diversification of wholesale funding

− Capitalising on FLS extension for SME lending

− First full year of RMBS benefit; issued April 2014

Drives further cost of funding benefit

− Cost of funds for 2015 down to 1.9%

Net interest margin improved to 3.6%

− In line with management expectations

− Expect net interest margin to flatten in 2016 reflecting the continued stable UK interest rate environment

2.9 3.4 4.2

0.5 1.0

1.4 0.2

0.4 0.6

0.6

3.9

5.1

6.4

2013 2014 2015Retail deposits SME deposits Corporate deposits Wholesale funding

2.8% 2.1% 1.9%

2013 2014 2015Cost of funding (%)

108%

LDR(2) (%)

Increasingly diversified funding base (£bn)(1)

107%

Declining funding costs(3)

97%

Improving net interest margin(4)

3.0% 3.4% 3.6%

2013 2014 2015Net interest margin (%)

Strong and consistent credit performance

17 Average loan balance (as at 31 Dec 2015)

(1) % of loan book at origination constituted by secured loans for Asset Finance; prepayment percentage for Invoice Finance, average loan-to-value ratio for SME Commercial Mortgages, Buy-to-Let and Residential Mortgages.

(2) Non-performing loans ratio = Individually impaired loans / average gross loans

Granular Portfolio

c£31k

88% 82%

2014 2015

(3) Cost of risk = Impairments / average net loans

Group cost of risk (bps)(3)

Group NPL ratio (%)(2)

0.25 0.31

2014 2015

NPL ratio (%)(2) Cost of risk (bps)(3) Highly secured(1)

31 40

2014 2015

69% 68%

2014 2015

3.12

1.51

2014 2015

173

88

2014 2015

64% 64%

2014 2015

1.06 0.83

2014 2015

63 29

2014 2015

68% 68%

2014 2015

0.15 0.21

2014 2015

(2) 6

2014 2015

75% 77%

2014 2015

0.34 0.29

2014 2015

11 7

2014 2015

0.43

0.37

2014 2015

23 19

2014 2015


Asset Finance

Invoice Finance

Buy-to-Let


c£125k

c£494k

c.£158k

c£138k

60%

51%

2014 2015

Continuing to leverage scaleable operating model

Relative cost advantage driven by

− Modern and scaleable systems

− Lack of legacy costs

Underlying operating expenses up by 17% as we continue to invest in the business

Other admin expenses of £108m

− Average headcount increased by 12% over 2014

− Reflects investment in central functions ahead of IPO and to support growth

Provisions include £2m FSCS charge

High degree of operating leverage

− Cost income ratio reduced to 51%(1)(2) in 2015 despite continued investment

− Making good progress towards cost/income ratio of less than 40% by the end of 2017

18

Leveraging operational efficiency

92 108

4 2

4 5 99

116

2014 2015

Depreciation &amortisation

Provisions

Otheradministrativeexpenses

Cost base breakdown (£m)(1)

Cost/income ratio (%)(1)(2)

(1) Excludes IPO related costs of £4.1m pre-tax (£3.4m post-tax) in 2015 and £6.0m pre-tax (£4.6m post-tax) in 2014 (2) Cost income ratio = (Administrative expenses + depreciation) / operating income.

6.3% 7.3%

2014 2015

Maintaining a strong capital base

Total capital ratio (%)(1)

Leverage ratio (%)(2)

(1) Total capital ratio = Total capital / risk weighted assets. (2) Leverage ratio = Tier 1 capital / total exposures. 19

Target CET 1 ratio of c11%

Target >5%

Strong capital ratios support growth

Profit after tax of £78m and £75m of gross equity raised at IPO partially offset by growth in RWA leads to improvement in capital ratios

CET1 ratio of 11.8%; target remains c11%

Intend to pursue an advanced internal risk-based capital model approach

Leverage ratio of 7.3% remains well above regulatory minimum requirements

Target to maintain leverage ratio > 5%

10.4% 11.8%

4.4% 3.3%

14.8% 15.1%

2014 2015

AT1 and Tier 2capital ratio

CET1 capitalratio


20



Q&A


66%

60%

51%

2013 2014 2015

26

56

99

2013 2014 2015

Net loans (£bn) Net interest margin (%)

Profit before tax (%)(1) Cost income ratio (%)(1)

Driving continued momentum

21

3.0%

3.4% 3.6%

2013 2014 2015

Underlying return on equity(1)(2)

11.6%

(1) Excludes IPO related costs of £4.1m pre-tax (£3.4m post-tax) in 2015, £6.0m pre-tax (£4.6m post-tax) in 2014 (2) Includes AT1 coupon payment in April 2015 of £3.5m pre-tax (£2.8m post-tax)

15.1% 20.6%

3.4

4.8

6.1

2013 2014 2015


22



Q&A


23

Appendices

75% 75%

25% 25% 740 893

2014 2015

93% 91%

7% 9% 560 582

2014 2015

84% 81%

16% 19%

726 673

2014 2015

88% 74% 12%

26% 301 428

2014 2015

71% 60%

29% 40%

45 35

2014 2015

0.3%

Diversified portfolio provides multiple growth levers

(1) Based on total market origination for 2015, except Invoice Finance which represents a stock figure as at 30 September 2015. Data from: Finance & Leasing Association (Asset Finance); Asset Based Finance Association (Invoice Finance) and CML (Buy-to-Let and Residential Mortgages).

(2) Market share based on 2015 origination for Asset Finance, SME Commercial Mortgages, Buy-to-Let and Residential Mortgages. Market share for Invoice Finance based on September 2015 period-end balance.

(3) Market size for SME Commercial Mortgages based on H1 2015 DeMontfort University study. H1 2015 market origination annualised to give market size.

Asset Finance


Invoice Finance


Grew customer numbers by 15% to c16,000

Robust origination of £673m; down 7%

Direct distribution grew by 10%

Grew customer numbers by 30% to 42,000

Organic origination growth of 21% across both broker and direct channels

Soft assets now form 7% of the portfolio

Customer numbers remain around 1,200

Trade and construction finance gaining traction

Support Asset Finance Dealer Finance proposition

Customer numbers grew by 38% to c1,500

Origination driven by Commercial Investment

Good progress in Property Development

Direct origination grew by over 200%

£1.3bn

£0.2bn

£0.8bn

£1.4bn

Net loans (£bn), as at 31 December 2015 Intermediated Direct / Sales

Business segment 2015 performance Market size(1) and current market share(2)

3.2%

£28bn

0.8%

£20bn

0.9%

£48bn(3)

1.8%

£182bn

24

Loan origination (£m)

Buy-to-Let

£2.4bn £38bn

Customer numbers grew by 40% to c10,000

Origination supported by Help to Buy

Direct origination grew by 33%

Benefit from ongoing diversification of funding base

25

Source of funding Average balance (£m) Cost of funding (%) Interest expense(2) (£m)

3M GBP LIBOR(3) Liability spread

Retail fixed deposits ×

×

×

×

=

=

=

=

1,782 2,552

2014 2015

× =

(1) Blended monthly average of gross drawings and carrying value of repurchase transactions. (2) Interest expense not provided for tier 2 instrument, corporate deposits or the negative interest expense (i.e. income) attributable to the liquid asset buffer. (3) As of 08 March 2016 (4) Issued 10 April 2014, therefore interest expense in 2014 is for 9 months only.

Retail variable deposits

SME deposits

Corporate deposits

FLS(1)

RMBS(4)

0.6% 0.6%

1.9% 1.6%

2.5% 2.2%

2014 2015

43 57

2014 2015

1,342 1,115

2014 20150.6% 0.6% 1.3% 0.8%

1.9% 1.4%

2014 2015

25 15

2014 2015

773

1,219

2014 20150.6% 0.6% 0.9% 0.8%

1.5% 1.4%

2014 2015

12 17

2014 2015

13

85

2014 20150.6% 0.6% 0.8% 0.9%

1.4% 1.5%

2014 2015

0.2

1.2

2014 2015

485 665

2014 2015

0.6% 0.6% -0.1%

0.1% 0.5% 0.7%

2014 2015

3 4

2014 2015

314 238

2014 2015

4 3

2014 20150.6% 0.6% 0.9% 0.9%

1.5% 1.5%

2014 2015

× =

35%

20% 9%

9%

9%

8% 5% 5% Greater London

South EastMidlandsEast AngliaNorth WestSouth WestYorkshireOther

Diversified and prudently underwritten mortgage portfolios

26

Geographic split (%) Indexed Loan to Value (%)(1)


Buy-to-Let


£2.4bn

Net loans as at 31 December 2015

0% 1% 3%

19% 24%

53%

80+75-80%70-75%60-70%50-60%0-50%

2% 2%

9% 13%

30%

22% 22%

85%+80-85%75-80%70-75%60-70%50-60%0-50%

31%

11% 10% 9%

16% 10%

13%

85%+80-85%75-80%70-75%60-70%50-60%0-50%

6%

21%

16%

13%

13%

10%

8%

13% Greater LondonSouth EastMidlandsEast AngliaNorth WestSouth WestYorkshireOther

£1.4bn

23%

20%

11% 5%

11%

13%

5% 12% Greater London

South EastMidlandsEast AngliaNorth WestSouth WestYorkshireOther

£0.8bn

Help to Buy and Family Guarantee

(1) SME Commercial Mortgages excludes Property Development

99%

1%

Online

Phone

75%

3%

22% Online

Phone

Post

Dynamic, online deposit franchise forms core of funding base

27

Retail SME

Balance

Product suite

Distribution and operations

(1) Retail deposit balances breakdown by initial contract term as at 31 December 2015. (2) Based on accounts opened in 2015.

0.5

1.0

1.4

2013 2014 2015SME deposits (£bn)

14%

11%

13%

25%

20%

9% 1% 7%

Notice (incl. ISA Notice)<1 yearISA1 year2 year3 year4 year5 year

2%

54%

44% Notice

<1 year

1 year

(2)

(2)

(2)

£4.2bn(1)

Customer deposits as at 31 December 2015

2.9 3.4

4.2

2013 2014 2015Retail deposits (£bn)

£1.4bn(1)

28

Disclaimer

The provision of the information in this document (the “Information”) or any part of it does not constitute, and should not be construed as, investment advice or part of any offer or invitation to sell, or any recommendation or invitation to purchase, or any solicitation of any offer to purchase or subscribe for, any securities in any member of Aldermore Group PLC (the “Company”) or its subsidiaries from time to time (together the “Group”) and is not intended to provide the basis of any investment decision, nor does it nor is it intended to form the basis of any contract for acquisition or investment in any member of the Group, financial promotion, or any offer, invitation or recommendation in relation to any acquisition of, or investment in, any member of the Group in any jurisdiction. The Information is not directed to or intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution, publication, availability or use would be contrary to local laws or regulations or require any registration or licensing within such jurisdiction, including without limitation Australia, Canada, Japan or the United States. None of the Company or any of its associates, accepts any liability to any person in relation to the distribution or possession of the Information in or from any such jurisdiction. No representation or warranty, express or implied, is given by or on behalf of the Company or its affiliates, agents, advisers, parent or subsidiary undertakings, shareholders, directors, partners, employees or any other person (“Associates”) as to, and no reliance may be placed for any purposes whatsoever on, the adequacy, accuracy, completeness, fairness or reasonableness of the Information, including any opinions contained within the Information. The Company and its Associates disclaim, to the fullest extent permitted by applicable law and regulation, all and any responsibility or liability whether arising in tort, contract or otherwise, which they might otherwise have in respect of any of the Information. No duty of care is owed or will be deemed to be owed to you or any other person in respect of the Information. Recipients should not construe the Information as legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisers in relation to such matters. The Information is provided as at the date of this document, is of a preliminary nature and is subject to change, without notice. The Information may change materially. None of the Company or its Associates undertakes or is under any duty to update, complete, revise or keep current the Information or to correct any inaccuracies in the Information which may become apparent, or to provide you with any additional information. Certain industry and market data contained in the Information has come from third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company or its Associates have not independently verified the data contained therein. In addition, certain of the industry and market data contained in the Information comes from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, no reliance should be placed on any of the industry or market data contained in the Information. The Information may contain "forward-looking statements" or "projections“ which include all statements other than statements of historical facts, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations, or any statements preceded by, followed by or that include the words "targets", "believes", "estimates", "expects", "aims", "intends", "will", "may", "anticipates", "projects", "plans", "forecasts", "would", "could", "should" or similar expressions or negatives thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Forward-looking statements involve numerous risks and uncertainties that could cause actual results to differ materially from expected results. No attempt has been made by the Company to audit or verify the forward-looking statements or any other financial information. No representation or warranty, express or implied, is made that any of these statements, projections or forecasts will come to pass or that any forecasted result will be achieved. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. Some of the information is still in draft form and will only be finalised, if legally verifiable, at a later date. Forward-looking statements speak only as of their date and the Company and its Associates expressly disclaim any obligation or undertaking to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law or regulation.

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Aldermore Group PLC · (2) Includes corporate deposits. 13 (3) RWA = Risk weighted assets. (4) CET1 ratio = Common equity tier 1 capital / RWAs . Continued balance sheet momentum…