Notice to Noteholders

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THIS NOTICE OR THE ELECTRONIC TRANSMISSION THEREOF DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.

This Notice contains important information of interest to the registered and beneficial owners of the Notes (as defined below). If applicable, all depositaries, custodians and other intermediaries receiving this Notice are requested to pass this Notice to such beneficial owners in a timely manner. If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this Notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons. If you are in any doubt as to the action you should take, you are recommended to seek your own financial and legal advice, including in respect of any tax consequences, immediately from your stockbroker, bank manager, solicitor, accountant or other financial, tax or legal adviser authorised under the Financial Services and Markets Act 2000, as amended (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisers as you deem necessary.

CARDIFF AUTO RECEIVABLES SECURITISATION 2019-1 PLC (incorporated in England and Wales with limited liability, registered number 12175782)

(the "Issuer")

NOTICE

to the holders of

the £424,000,000 Class A Asset-Backed Floating Rate Notes due September 2025 (the "Class A Notes") (ISIN: XS2061883752, Common Code: 206188375),

the £76,260,000 Class B Asset-Backed Floating Rate Notes due September 2025 (the "Class B Notes") (ISIN: XS2061883836, Common Code: 206188383), and

the £109,810,000 Class S Asset-Backed Fixed Rate Notes due September 2025 (the "Class S Notes" and, together with the Class A Notes and the Class B Notes, the "Notes")

of the Issuer outstanding

We refer to the trust deed between the Issuer and U.S. Bank Trustees Limited, as trustee for the Noteholders (the "Trustee"), dated 4 December 2019 (the "Trust Deed") pursuant to which the Notes were constituted, and the terms and conditions of the Notes. Capitalised terms used but not defined in this notice have the meanings given to them in the master framework agreement dated 4 December 2019 and made between, among others, the Issuer and the Trustee.

We hereby give irrevocable notice to the Noteholders that, on the Payment Date falling in August 2022 (being 16 August 2022) (the "Call Date"), being the Payment Date on which the Seller will exercise its option to purchase all of the Purchased Receivables under clause 7.7 (Clean-up call) of the Receivables Sale Deed, the Issuer will exercise its option pursuant to Condition 5(d) (Clean-Up Call) to redeem all of the Notes at their aggregate Principal Amount Outstanding, together with any interest accrued up to but excluding the Call Date.

This notice is given on 1 August 2022 byCardiff Auto Receivables Securitisation 2019-1 plc as Issuer 1 Bartholomew LaneLondon EC2N 2AXUnited Kingdom