In advance of the scheme of arrangement between Virgin Money and its shareholders to implement the recommended cash acquisition of the entire issued and to be issued share capital of Virgin Money by Nationwide becoming effective, the listing of Virgin Money Ordinary Shares on the Official List and the trading of Virgin Money Ordinary Shares on the London Stock Exchange’s main market for listed securities were suspended with effect from 7.30 a.m. today, 30 September 2024.

The Scheme remains conditional on, and will become effective upon, the delivery of a copy of the Court Order to the Registrar of Companies which is expected to occur on 1 October 2024.

It is expected that, subject to the Scheme becoming Effective on 1 October 2024, the listing of Virgin Money Ordinary Shares on the Official List and the trading of Virgin Money Ordinary Shares on the London Stock Exchange’s main market for listed securities will each be cancelled with effect from 8.00 a.m. on 1 October 2024.

It is further expected that, subject to the Scheme becoming Effective on 1 October 2024, the listing of Virgin Money on the Australian Securities Exchange will be cancelled with effect from 1 October 2024.