TIDM58LE

RNS Number : 1258P

BOS (Shared Appreciation Mrtg) No 4

14 October 2021

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM) OR OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

IMPORTANT NOTICE TO THE HOLDERS OF THE

GBP203,670,000 Asset Backed Floating Rate Notes due 2073

(the "Notes")

Issued by

BOS (Shared Appreciation Mortgages) No. 4 PLC

as the "Issuer"

on 14 October 2021

The Issuer refers to the trust deed dated 13 February 1998 constituting the Notes and containing the terms and conditions applicable thereto (as the same may be amended, amended and restated and/or supplemented from time to time) (the "Trust Deed"). Capitalised terms used but not otherwise defined in this notice have the same meanings and constructions ascribed to them in the Trust Deed (including by incorporation). By a notice dated 6 October 2021 (the "First October 2021 Notice"), the Issuer notified Noteholders that, by an order of the Central London County Court made on 5 October 2021, additional claimants have been added to the proceedings referred to in the First October 2021 Notice. The order of the Central London County Court had triggered undertakings given by Bank of Scotland plc in the Mortgage Portfolio Agreement dated 10 February 1998 (as the same may be amended, amended and restated and/or supplemented from time to time) to purchase 3 unredeemed Mortgage Loans and their Related Security within the Issuer's Mortgage Pool. According to the terms of the undertakings, unless the Trustee agreed or required otherwise, the relevant Mortgage Loans and their Related Security had to be purchased within 10 days of receipt of written notice of the issue of proceedings (in this case, the order of the Central London County Court).

The Issuer hereby notifies Noteholders that on 12 October the Issuer was instructed by the Trustee, acting in accordance with the Mortgage Portfolio Agreement, not to proceed with the proposed sale of the relevant Mortgage Loans and their Related Security. Accordingly, the Issuer will not sell the relevant Mortgage Loans and their Related Security and the relevant Mortgage Loans and their Related Security will remain within the Issuer's Mortgage Pool.

This notice and any non-contractual obligations arising out of or in connection with it are governed by English law and the English courts are to have exclusive jurisdiction in respect of any disputes arising from this notice.

All enquiries should be directed to:

Investor Relations

Douglas Radcliffe +44 (0) 20 7356 1571

Group Investor Relations Director

Lloyds Banking Group

Email: douglas.radcliffe@lloydsbanking.com

Corporate Affairs

Matt Smith +44(0)7788352487

Head of Media Relations

Lloyds Banking Group

Email: matt.smith@lloydsbanking.com

BOS (Shared Appreciation Mortgages) No. 4 PLC

Registered Address: Trinity Road, Halifax, HX1 2RG

ENDS

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END

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October 14, 2021 07:41 ET (11:41 GMT)

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