FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 1/5/2026
Issue	¦ The Higher Education Securitised Investments (THESIS) GBP 27,300,000 Class A4 Mezzanine FRN due Perpetua
ISIN Number	¦ XS0085726585
ISIN Reference	¦ 429828AD8
Issue Nomin GBP	¦ 27300000
Period	¦ 12/10/2025 to 1/12/2026						Payment Date 1/12/2026
Number of Days	¦ 33
Rate	¦ 5.40745
Denomination GBP	¦ 100000			¦ 27300000					¦
Amount Payable per Denomination	¦ 51.37			¦ 14023.76					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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