Coventry BuildingSoc - Publication of Amended Final Terms

17 October 2025

RNS Announcement

COVENTRY BUILDING SOCIETY (the Issuer)

£500,000,000 Series 1 Floating Rate Covered Bonds due October 2025

(the Series 1 Covered Bonds)

(ISIN: XS2245504480; Common Code: 224550448)

£500,000,000 Series 2 Floating Rate Covered Bonds due October 2025

(the Series 2 Covered Bonds)

(ISIN: XS2245745927; Common Code: 224574592)

£500,000,000 Series 4 Floating Rate Covered Bonds due December 2025

(the Series 4 Covered Bonds)

(ISIN: XS2498152680; Common Code: 249815268)

£500,000,000 Series 5 Floating Rate Covered Bonds due December 2025

(the Series 5 Covered Bonds)

(ISIN: XS2498152920; Common Code: 249815292)

(together, the Relevant Covered Bonds)

NOTICE TO COVERED BONDHOLDERS

issued by the Issuer (together, the holders thereof of each Series of Relevant Covered Bondholders) constituted by a Trust Deed dated 14 October 2020 (as the same may be amended or supplemented from time to time) and made between the Issuer, Coventry Godiva Covered Bonds LLP (the LLP) and HSBC Corporate Trustee Company (UK) Limited (the Bond Trustee and the Security Trustee), and issued under the €10 billion Global Covered Bond Programme irrevocably and unconditionally guaranteed as to payment of principal and interest by Coventry Building Society Covered Bonds LLP (the Programme)

Publication of Amended Final Terms

Terms used and not defined herein have the same meanings given thereto in each of the Final Terms issued by the above-named Issuer.

The following amendments (as approved by the holders of each Series of Relevant Covered Bonds on 17 October 2025, by way of Written Resolution) are made to the Conditions set out in the Final Terms:

(a)     dated 14 October 2020, as amended and restated on 17 October 2025 in respect of the Series 1 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is amended to "Interest Payment Date falling in or nearest to October 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date falling in or nearest to October 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended to "Compounded Daily SONIA +0.60 per cent. Floating Rate from and including the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Contractual Terms, Item 16 (viii) (Margin) is amended to "+0.60 per cent. per annum. from and including the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, +0.53 per cent. Floating Rate".

(b)     dated 14 October 2020, as amended and restated on 17 October 2025 in respect of the Series 2 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is amended to "Interest Payment Date falling in or nearest to October 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date falling in or nearest to October 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended to "Compounded Daily SONIA +0.60 per cent. Floating Rate from and including the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is amended to "+0.60 per cent. Floating Rate from and including the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, +0.53 per cent. Floating Rate".

(c)     dated 30 June 2022, as amended and restated on 17 October 2025 in respect of the Series 4 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is amended to "Interest Payment Date falling in or nearest to December 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date falling in or nearest to December 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended to "Compounded Daily SONIA +0.40 per cent. Floating Rate from and including the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Change of Interest Basis or Redemption/Payment Basis - Specified Period(s)/Specified Interest Payment Date(s) is amended to "1st day of each month from (but excluding) the Final Maturity Date to (and including) the Extended Due for Payment Date.  The first specified Interest Payment Date shall be 1 January 2031;"

5.       Part A - Contractual Terms, Item 12 (Change of Interest Basis or Redemption/Payment Basis - Margin) is amended to "+0.53 per cent. per annum; and

6.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is amended to "+0.40 per cent. Floating Rate from and including the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, +0.53 per cent. Floating Rate".

(d)     dated 30 June 2022, as amended and restated on 17 October 2025 in respect of the Series 5 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is amended to "Interest Payment Date falling in or nearest to December 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date falling in or nearest to December 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended to "Compounded Daily SONIA +0.40 per cent. Floating Rate from and including the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Change of Interest Basis or Redemption/Payment Basis - Specified Period(s)/Specified Interest Payment Date(s) is amended to "1st day of each month from (but excluding) the Final Maturity Date to (and including) the Extended Due for Payment Date.  The first specified Interest Payment Date shall be 1 January 2031;"

5.       Part A - Contractual Terms, Item 12 (Change of Interest Basis or Redemption/Payment Basis - Margin) is amended to "+0.53 per cent. per annum"; and

6.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is amended to "+0.40 per cent. Floating Rate from and including the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, +0.53 per cent. Floating Rate".

These changes were effective 17 October 2025.

To view the amended Final Terms, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/9148D_1-2025-10-17.pdf

http://www.rns-pdf.londonstockexchange.com/rns/9148D_2-2025-10-17.pdf

http://www.rns-pdf.londonstockexchange.com/rns/9148D_3-2025-10-17.pdf

http://www.rns-pdf.londonstockexchange.com/rns/9148D_4-2025-10-17.pdf

Further information

For further information, please email:

media@thecoventry.co.uk

Notifying person:

Catherine Green

Society Secretary

LEI: 2138004G59FXEAZ6IO10

Coventry Building Society

Coventry House

Harry Weston Road

Binley

Coventry

CV3 2TQ

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Final Terms) 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 Final Terms is not addressed.  Prior to relying on the information contained in the Final Terms you must ascertain from the Final Terms whether or not you are part of the intended addressees of the information contained therein.

In particular, the Final Terms does not constitute an offer of securities for sale in the United States.  This is not for distribution in the United States.  The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or under any relevant securities laws of any state of the United States of America and are subject to U.S. tax law requirements.  Subject to certain exceptions, the securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or to persons within the United States of America, as such terms are defined in Regulation S under the Securities Act.  There will be no public offering of the securities in the United States.

Your right to access this service is conditional upon complying with the above requirement.