Publication of a Prospectus

Leeds Building Society

Publication of Drawdown Prospectus dated 23 April 2018

The drawdown prospectus dated 23 April 2018 (the "Drawdown Prospectus") relating to the issue of GBP£200,000,000 Callable Fixed Rate Reset Subordinated Notes due April 2029 (the "Notes") issued by Leeds Building Society (the "Issuer") under the Issuer's Euro Medium Term Note Programme (the "Programme") are available for viewing.

To view the full document, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8498L_-2018-4-23.pdf

A copy of the Drawdown Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM

For further information, please contact:

Leeds Building Society

105 Albion Street, Leeds LS1 5AS

Telephone: 0113 225 7527

Email: ktong@leedsbuildingsociety.co.uk

Website: www.leedsbuildingsociety.co.uk

DISCLAIMER - INTENDED ADDRESSEES

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

This publication does not constitute an offering of the securities described in the Drawdown Prospectus for sale in the United States. This is not for distribution in the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act) or under any relevant securities laws of any state of the United States 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, 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.