Gracechurch Card Programme Fdg PLC Notice to Noteholders (2265P)

TIDM40XQ

RNS Number : 2265P

Gracechurch Card Programme Fdg PLC

15 October 2021

NOTICE to noteholders OF the Disapplication OF THE DISCOUNT PERCENTAGE

GRACECHURCH CARD PROGRAMME FUNDING PLC

   (incorporated in England and Wales, Registered No.   6714746 )

1 Churchill Place

London E14 5HP

(the "Issuing Entity")

15 October 2021

Gracechurch Card Programme Funding plc

GBP1,400,000,000 Series 13-3 Class A Asset-Backed Floating Rate Notes due 2022

(Reg S ISIN: XS0992306141)

GBP247,059,000 Series 13-3 Class D Asset-Backed Floating Rate Notes due 2022

(Reg S ISIN: XS0992306224)

GBP1,600,000,000 Series 14-2 Class A Asset-Backed Floating Rate Notes due 2022

(Reg S ISIN: XS1133034923)

GBP286,793,000 Series 14-2 Class D Asset-Backed Floating Rate Notes due 2022

(Reg S ISIN: XS1133034253)

GBP1,500,000,000 Series 15-1 Class A Asset-Backed Floating Rate Notes due 2023

(Reg S ISIN: XS1321880418)

GBP264,706,000 Series 15-1 Class D Asset-Backed Floating Rate Notes due 2023

(Reg S ISIN: XS1321880509)

GBP1,500,000,000 Series 15-2 Class A Asset-Backed Floating Rate Notes due 2020

(Reg S ISIN: XS1323450822)

GBP264,706,000 Series 15-2 Class D Asset-Backed Floating Rate Notes due 2020

(Reg S ISIN: XS1323451127)

$650,000,000 Series 18-1 Class A Asset-Backed Floating Rate Notes due 2020

(Rule 144A ISIN: US38406EAG44; Reg S ISIN: XS1856940892)

GBP87,100,000 Series 18-1 Class D Asset-Backed Floating Rate Notes due 2020

(Reg S ISIN: XS1856941197)

(each a "Series of Notes" and together the "Notes)

Pursuant to Condition 16 (Notices) of the Conditions, we hereby give you notice of the disapplication by the Transferor of the Discount Percentage in relation to certain Principal Receivables forming part of the Gracechurch Receivables Trust.

Capitalised terms used but not otherwise defined herein shall have the meaning given to them in the Master Definitions Schedule dated 23 November 1999 as most recently amended and restated on 3 December 2019 and the base prospectus dated 22 June 2018 in respect of Series 18-1 (the "2018 Base Prospectus").

Disapplication of the Discount Percentage in respect of certain Principal Receivables

Pursuant to the terms of Clause 8 (Discount Percentage, Special Fees, Annual Fees and Acquired Interchange) of the RSA, and in line with the Notice to Noteholders of the Exercise of the Discount Percentage published on 22 May 2020, the Transferor is entitled to disapply the Discount Percentage in respect of Principal Receivables from a date as specified in a notice to the Receivables Trustee and the Servicer. The Transferor has delivered such a notice to the Receivables Trustee and the Servicer.

The Discount Percentage shall be disapplied in respect of Principal Receivables from (and including) 15 October 2021.

For further information, please contact:

Gracechurch Card Programme Funding plc

c/o Intertrust Management Limited

1 Bartholomew Lane

London EC2N 2AX

Tel: +44 (0)207 398 6300

Fax: +44 (0)207 398 6325

Attention: The Directors

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