Redemption of 2022 ZDP Shares

31 October 2022

UIL FINANCE LIMITED

(LEI Number: 213800JPJWZ5P3QJX538)

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

Redemption of 2022 ZDP Shares

Further to the announcement on 18 October 2022, UIL Finance Limited (the "Company") announces that the Company's 2022 ZDP Shares have been redeemed today. As previously announced, the capital repayment amount for the 2022 ZDP Shares is 146.99p per share.

Applications will be made today to the Financial Conduct Authority and the London Stock Exchange ("LSE") for the 2022 ZDP Shares to be cancelled from the Official List and from trading on the LSE following the expiry of 20 business days in accordance with LR 5.2.8R.

Name of contact and telephone number for enquiries:

Charles Jillings, Alastair Moreton

ICM Investment Management Limited

Telephone: 01372 271486