Corporate Reorganisation

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S.

The Housing Finance Corporation Limited (the "Issuer")

Corporate Reorganisation

The Issuer's group has completed a corporate restructure and the Issuer is now a subsidiary of The Housing Finance Holding Corporation Limited. Each board member of the Issuer is also a board member of The Housing Finance Holding Corporation Limited.

As a consequence of this restructure, the administrator of the Issuer has changed from T.H.F.C. (Services) Limited (the "Previous Administrator") to The Housing Finance Corporation Operations Ltd (the "New Administrator"). The management services agreement originally dated 15 March 2015 between the Issuer and the Previous Administrator (as amended, restated, supplemented or novated from time to time) has been transferred by way of deed of novation from the Previous Administrator to the New Administrator.

For further information please contact Ben Rick, Andrea Jelic or William Stevenson on 020 7337 9920.