Notice of Early Redemption

Summary by AI ^BETAClose X

Paragon Mortgages (No.28) PLC has announced the early redemption of all outstanding Class A, B, C, D, Z, and S Notes, along with RC1a, RC1b, RC2a, and RC2b Residual Certificates, effective 15 December 2025. The redemption will occur at the Principal Liability Outstanding for each note class, plus accrued interest up to the Optional Redemption Date. This action impacts all listed debt instruments of the issuer.

Disclaimer*

Paragon Mortgages (No.28) PLC

21 November 2025

NOTICE OF EARLY REDEMPTION

PARAGON MORTGAGES (NO.28) PLC
(Registered in England and Wales under number 12898419)
(the "Issuer")

Class A Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243463879

Common Code: 24346387

(the "Class A Notes")

Class B Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243463952

Common Code: 224346395

(the "Class B Notes")

Class C Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243464091

Common Code: 24346409

(the "Class C Notes")

Class D Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243464174

Common Code: 24346417

(the "Class D Notes")

Class Z Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243464257

Common Code: 24346425

(the "Class Z Notes")

Class S Mortgage Backed Floating Rate Notes Due 2047

ISIN: XS2243464331

Common Code: 224346433

(the "Class S Notes", together with the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class Z Notes, the "Notes")

RC1a Residual Certificates, RC1b Residual Certificates, RC2a Residual certificates, RC2b Residual Certificates (the "Residual Certificates")

NOTICE IS HEREBY GIVEN that all of the outstanding Notes and Residual Certificates will be redeemed by the Issuer on 15 December 2025 (the "Optional Redemption Date"), pursuant to Condition 5(d) of the Terms and Conditions of the Notes. The Notes will be redeemed at their Principal Liability Outstanding together with accrued interest to the Optional Redemption Date.

Paragon Mortgages (No.28) PLC

51 Homer Road

Solihull

West Midlands

B91 3QJ

Dated 21 November 2025

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