Issue of Debt

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

PUBLICATION OF LISTING PARTICULARS

24 July 2020

The following Listing Particulars have been approved by the United Kingdom Financial Conduct Authority and are available for viewing:

Listing Particulars dated 24 July 2020 (the "Listing Particulars") relating to the issue by The University of Leeds of £50,000,000 3.125 per cent. Bonds due 2050 (to be consolidated and form a single series with the existing £250,000,000 3.125 per cent. Bonds due 2050 issued on 19 February 2016).

To view the Listing Particulars, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/0629U_1-2020-7-24.pdf

A copy of the Listing Particulars has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact pressoffice@leeds.ac.uk / 07712 389448

DISCLAIMER - INTENDED ADDRESSEES

This announcement is for information only and does not constitute or form part of, and should not be construed as, an offer to sell nor is it a solicitation of an offer to buy securities in any jurisdiction where it is unlawful to do so.

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

In particular, the Listing Particulars do not constitute an offer of securities for sale in the United States of America. This is not for distribution in the United States of America. 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 of America 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 of America.

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