Notice of release of guarantor given by Co-operative Group Holdings (2011) Limited

December 14, 2015

((previously known as CRS (Properties) Limited), a registered society registered in England and Wales under the Co-operative Community and Benefits Societies Act 2014 with registered number IP28501R)

(the “Issuer”) to the holders of those of the

£450,000,000 5.625 PER CENT. GUARANTEED NOTES DUE 2020
(ISIN: XS0629969352)
Constituted by a trust deed dated 25 May 2011 as amended, restated and supplemented from time to time (the Series A Trust Deed)

and

£350,000,000 6.250 PER CENT. GUARANTEED NOTES DUE 2026
(ISIN: XS0629974352)
Constituted by a trust deed dated 25 May 2011 as amended, restated and supplemented from time to time (the Series B Trust Deed and, together with the Series A Trust Deed, the Trust Deeds)
of the Issuer presently outstanding

(the “Noteholders” and the “Notes” respectively).

NOTICE IS HEREBY GIVEN pursuant to Condition 13 of the Notes that Somerfield Stores Limited has, in accordance with Condition 3.3 of the Notes and Clause 6.12 of the Trust Deed, been released as a Guarantor in respect of the Notes.

Principal paying agent

The Bank of New York Mellon
London Branch
One Canada Square
United Kingdom

Trustee

BNY Mellon Corporate Trustee Services Limited
40th Floor
One Canada Square
London E14 5AL
United Kingdom

This Notice is given by:

Co-operative Group Holdings (2011) Limited
1 Angel Square
Manchester
M60 0AG