Virgin Money Holdings Regulatory News (VM.)

12 October 2018

Virgin Money Holdings (UK) PLC (the Company)

ISIN: GB00BQ8P0644

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

DEFERRED BONUS SHARE PLAN (DBSP) - VESTING OF AWARDS

On 12 October 2018, a DBSP award for the full year 2014 (the Award) over 9,511 ordinary shares in the Company (Shares) held by John Natalizia, a PDMR of the Company, vested in full in accordance with the rules of the DBSP. The Award vested on Court sanction of the scheme of arrangement of the Company implementing the recommended all-share offer by CYBG plc to acquire the entire issued and to be issued share capital of the Company.

The award was satisfied using Shares held in the Company employee benefit trust, and on a "net-settlement" basis, such that the number of Shares received by the PDMR was calculated net of an amount equal to the income tax and National Insurance contributions liability arising on the vesting of the Award. Details of the Shares received are included in the disclosures below.

The Shares are subject to a six-month hold period before any further sales or transfers can be effected.

All transactions took place in the UK and the Shares are listed on the London Stock Exchange.

This notification is made in accordance with the Market Abuse Regulation, Article 19(3), further details below.

Enquiries:

Virgin Money Investor RelationsAdam Key020 7111 1311 or adam.key@virginmoney.com

Virgin Money Company SecretaryKatie Marshall0191 279 6482 or katie.marshall@virginmoney.com