Vanquis Banking Group (formerly: Provident Financial Plc)

Capital/Financing Update • Mar 29, 2012

29 March 2012

PROVIDENT FINANCIAL PLC

Issue of GBP 7 per cent. Notes due 4 October 2017 Guaranteed by Provident Financial Management Services Limited, Provident Personal Credit Limited, Greenwood Personal Credit Limited and Provident Investments plc under the £2,000,000,000 Euro Medium Term Note Programme

Final Terms Confirmation Announcement relating to the Final Terms dated 19 March 2012

Terms used herein shall be deemed to be defined as such for the purposes of the Final Terms of Provident Financial plc dated 19 March 2012 (the Final Terms) (which constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive) relating to the GBP 7 per cent. Notes due 4 October 2017 (the Notes) and the Offering Circular dated 16 March 2012 (the Offering Circular) which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the Prospectus Directive).

This announcement constitutes the Final Terms Confirmation Announcement referred to in the Final Terms and must be read in conjunction with the Offering Circular and the Final Terms.

This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Directive and/or Part VI of the Financial Services and Markets Act 2000. The Final Terms and the Offering Circular have been prepared and made available to the public in accordance with the Prospectus Directive. The Offering Circular and the Final Terms are available for viewing during normal business hours and copies may be obtained from the registered office of the Issuer, from the specified office of the Paying Agents for the time being and the website of the London Stock Exchange plc.

Investors should not subscribe for any Notes referred to in this Final Terms Confirmation Announcement except on the basis of information contained in the Offering Circular and the Final Terms.

Potential investors should be aware that the Offer Period ended at 10 a.m. on 29 March 2012 as announced by an RNS announcement on 28 March 2012.

Aggregate Nominal Amount:

$(i)$ Series:

$(ii)$ Tranche:

Estimated net proceeds:

Estimated total expenses:

Authorised Distributors:

GBP120,000,000 GBP118,200,000 GBP1.800,000

GBP120,000,000

Barclays Bank PLC 1 Churchill Place London E14 5HP

Barclays Stockbrokers Limited 1 Churchill Place London E14 5HP

Brewin Dolphin Limited (trading as Stocktrade) 12 Smithfield Street London EC1A 9BD

Gerrard Investment Managers Limited 1 Churchill Place London E14 5HP

Investec Bank PLC 2 Gresham Street London EC2V 7QP

Arbour

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Macaqeuser47

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Greenwood fe ovident Investitedal

For and on helpalf of horrident Functional Mauagement Senvices Lumited Provident
Revsencil Great Lumited and Greenward Reserved Credit Liouted.

Killik & Co LLP 46 Grosvenor Street London W1K 3HN

NCL Investments Limited (trading as Smith & Williamson Securities) 25 Moorgate London EC2R 6AY

Redmayne-Bentley LLP 9 Bond Court Leeds LS1 2JZ

Talos Securities Limited (trading as Selftrade) Boatman's House 2 Selsdone Wav London E14 9LA

Williams de Broë 100 Wood Street London EC2V 7AN

For further information, please contact:

Media

David Stevenson (Provident Financial) Telephone: 01274 351351

Debt Investor Relations

Phil Shepherd (Provident Financial) Telephone: 01274 351351

Neither this announcement nor any copy of it may be taken or transmitted into the United States, Australia, Canada or Japan or to a resident, national or citizen of the United States, Australia, Canada or Japan. The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any Notes. Any purchase of Notes pursuant to the offer should only be made on the basis of the information contained in the Offering Circular together with the Final Terms, available as described above.

The Notes have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the Securities Act) and, subject to certain exceptions, may not be offered or sold within the United States. The Notes are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.