FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on: 7/14/2025
Issue	¦ Delamare Cards MTN Issuer plc - Series 2023-1 Class A2 GBP 200,000,000 FRN due April 2033
ISIN Number	¦ XS2607547697
ISIN Reference	¦ 260754769
Issue Nomin GBP	¦ 200000000
Period	¦ 6/20/2025 to 7/21/2025						Payment Date 7/21/2025
Number of Days	¦ 31
Rate	¦ 5.15358
Denomination GBP	¦ 1000			¦ 200000000					¦
Amount Payable per Denomination	¦ 4.38			¦ 875402.63					¦
Bank of New York
Rate Fix Desk	Telephone						¦ 44 1202 689580
Corporate Trust Services		Facsimile					¦ 44 1202 689601

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