Paragon Banking Group PLC

Annual Report 2024

For the year ended 30 September 2024

CAUTIONARY STATEMENT: Sections of this Annual Report, including but not limited to the Directors’ Report, the Strategic Report and the Directors’ Remuneration

Report may contain forward-looking statements with respect to certain of the plans and current goals and expectations relating to the future financial condition, business

performance and results of the Group. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as

‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future

operating or financial performance but are not the exclusive means of identifying such statements. These have been made by the directors in good faith using information

available up to the date on which they approved this report, and the Group undertakes no obligation to update or revise these forward-looking statements for any reason

other than in accordance with its legal or regulatory obligations (including under the UK Market Abuse Regulation, UK Listing Rules and the Disclosure Guidance and

Transparency Rules of the Financial Conduct Authority (‘FCA’)).

By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the control of the Group

and depend upon circumstances that may or may not occur in the future that could cause actual results or events to differ materially from those expressed or implied by

the forward-looking statements. There are also a number of factors that could cause actual future financial conditions, business performance, results or developments to

differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements and forecasts. As a result, you are cautioned not to place

reliance on such forward-looking statements as a prediction of actual results or otherwise.

These factors include, but are not limited to: material impacts related to foreign exchange fluctuations; macro-economic activity; the impact of outbreaks, epidemics or

pandemics, and the extent of their impact on overall demand for the Group’s services and products; potential changes in dividend policy; changes in government policy and

regulation (including the monetary, interest rate and other policies of central banks and other regulatory authorities in the principal markets in which the Group operates) and

the consequences thereof; actions by the Group’s competitors or counterparties; third party, fraud and reputational risks inherent in its operations; the UK’s exit from the EU;

unstable UK and global economic conditions and market volatility, including currency and interest rate fluctuations and inflation or deflation; the risk of a global economic

downturn; social unrest; acts of terrorism and other acts of hostility or war and responses to, and consequences of those acts; technological changes and risks to the security

of IT and operational infrastructure, systems, data and information resulting from increased threat of cyber and other attacks; general changes in government policy that

may significantly influence investor decisions (including, without limitation, actions taken in support of managing and mitigating climate change and in supporting the global

transition to net zero carbon emissions); societal shifts in customer financing and investment needs; and other risks inherent to the industries in which the Group operates.

Nothing in this Annual Report should be construed as a profit forecast.