Notice of release of guarantor given by Co-operative Group Limited

December 14, 2015

(a registered society registered in England and Wales under the Co-operative and Community Benefit Societies Act 2014 with registered number IP525R)

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

£36,653,721.12 INSTALMENT REPAYMENT SUBORDINATED NOTES DUE 2025
(ISIN: GB00BFXWHQ29. ) (the Instalment Repayment Notes)
constituted by a trust deed dated 20 December 2013 as supplemented by a Supplemental Trust Deed dated 11 December 2014 (the Instalment Repayment Notes Trust Deed)

and

£109,062,852 11 PER CENT. SUBORDINATED FINAL REPAYMENT NOTES DUE 2025
(ISIN: GB00BFXW0630. ) (the Final Repayment Notes)
constituted by a trust deed dated 20 December 2013 as supplemented by a Supplemental Trust Deed dated 11 December 2014 (the Final Repayment Notes Trust Deed and, together with the Instalment Repayment Notes Trust Deed, the Trust Deeds)

of the Issuer presently outstanding
(the “Noteholders” and the “Notes” respectively).

NOTICE IS HEREBY GIVEN pursuant to Condition 12 of the Instalment Repayment Notes and Condition 13 of the Final Repayment Notes that Somerfield Stores Limited has, in accordance with Condition 4.4 of the Notes and Clause 5.13 of each of the Trust Deeds, been released as a Guarantor in respect of the Notes.

Registrar and paying agent

Computershare Investor Services plc
The Pavilions
Bridgewater Road
Bristol BS13 8AE
United Kingdom

Trustee

Law Debenture Trustees Limited
Fifth Floor
100 Wood Street
London EC2 7EX
United Kingdom

This Notice is given by:

Co-operative Group Limited
1 Angel Square
Manchester
M60 0AG