Redemption of Callable Reset Subordinated Notes

Nationwide Building Society(the Issuer)

NOTICEto the holders of the

£30,000,000 Callable Reset Subordinated Notes due 1 September 2022originally issued by Cheshire Building Society

under the £750,000,000 Euro Medium Term Note Programme

(the Notes)(ISIN: XS0153275960 / Common Code: 15327596)

NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders that, having obtained the Requisite Consent, the Issuer will redeem the Notes in full on 1 September 2017 pursuant to Condition 7(c) (Redemption at the Option of the Issuer (Issuer Call)).

As specified in the Pricing Supplements dated 30 August 2002 and 4 November 2002 relating to each tranche of the Notes, the Optional Redemption Amount shall be the nominal amount of the Notes. Accordingly, the Notes will be redeemed at their nominal amount, together with accrued and unpaid interest to (but excluding) 1 September 2017.

Following redemption of the Notes, (i) the Notes will be cancelled and no further interest payments will be made and (ii) request will be made to the Financial Conduct Authority (the FCA) and to the London Stock Exchange plc (the LSE) for the Notes to be removed from the Official List maintained by the FCA and for their admission to trading on the LSE to be cancelled.

Unless otherwise defined in this Notice, terms used in this Notice have the meanings given to them in the terms and conditions of the Notes.

This Notice contains inside information and has been made by Keith Ford, Secretary, on behalf of the Issuer.

This Notice is given by:

Nationwide Building Society

One Threadneedle Street

London EC2R 8AW

For further information, please contact:

Dated: 26 July 2017