Please be advised that this announcement replaces the one made on 9th November
    2016.

    For filings with the FCA include the annex                                                         
                                                                                                       
    For filings with issuer exclude the annex                                                          
                                                                                                       
    TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                                    
                                                                                                       
    1. Identity of the issuer or the underlying issuer                 UK Mortgages Limited            
    of existing shares to which voting rights are                                                      
    attached: ii                                                                                       
                                                                                                       
    2 Reason for the notification (please tick the appropriate box or boxes):                          
                                                                                                       
    An acquisition or disposal of voting rights                                                  X     
                                                                                                       
    An acquisition or disposal of qualifying financial instruments which may result                    
    in the acquisition of shares already issued to which voting rights are attached                    
                                                                                                       
    An acquisition or disposal of instruments with similar economic effect to                          
    qualifying financial instruments                                                                   
                                                                                                       
    An event changing the breakdown of voting rights                                                   
                                                                                                       
    Other (please                                                                                      
    specify):                                                                                          
                                                                                                       
    3. Full name of person(s) subject to the                                                           
    notification obligation: iii                   TwentyFour Asset Management LLP, acting as          
                                                   Investment Advisor to:                              
                                                                                                       
                                                   St. James's Place Strategic Income Unit Trust       
                                                                                                       
                                                   And                                                 
                                                                                                       
                                                   MI TwentyFour Investment Funds - Asset Backed Income
                                                   Fund                                                
                                                                                                       
    4. Full name of shareholder(s)                 State Street Nominees Limited as nominee for:       
     (if different from 3.):iv                     St. James's Place Strategic Income Unit Trust       
                                                                                                       
                                                   Nortrust Nominees Limited as nominee for:           
                                                   MI TwentyFour Investment Funds - Asset Backed Income
                                                   Fund                                                
                                                                                                       
                                                                                                       
    5. Date of the transaction and date on                                                   08/11/2016
    which the threshold is crossed or                                                                  
    reached: v                                                                                         
                                                                                                       
    6. Date on which issuer notified:                                                        09/11/2016
                                                                                                       
    7. Threshold(s) that is/are crossed or                                                          10%
    reached: vi, vii                                                                                   
                                                                                                       

       

    8. Notified details:                                                                                      
                                                                                                              
    A: Voting rights attached to shares viii, ix                                                              
                                                                                                              
    Class/type of       Situation previous          Resulting situation after the triggering transaction      
    shares              to the triggering                                                                     
                        transaction                                                                           
    if possible using                                                                                         
    the ISIN CODE       Number        Number        Number       Number of voting            % of  voting     
                        of            of            of shares    rights                      rights x         
                        Shares        Voting                                                                  
                                      Rights        Direct       Direct xi    Indirect xii   Direct Indirect  
                                                                                                              
    Ord 1p              24,368,649    24,368,649                              25,118,649            10.05%    
                                                                                                              
    GG00BXDZMK63                                                                                              
                                                                                                              
    B: Qualifying Financial Instruments                                                                       
                                                                                                              
    Resulting situation after the triggering transaction                                                      
                                                                                                              
    Type of financial       Expiration   Exercise/                Number of voting        % of voting         
    instrument              date xiii    Conversion Period xiv    rights that may be      rights              
                                                                  acquired if the                             
                                                                  instrument is                               
                                                                  exercised/ converted.                       
                                                                                                              
    C: Financial Instruments with similar economic effect to Qualifying Financial                             
    Instruments xv, xvi                                                                                       
                                                                                                              
    Resulting situation after the triggering transaction                                                      
                                                                                                              
    Type of financial Exercise     Expiration   Exercise/     Number of voting      % of voting rights xix, xx
    instrument        price        date xvii    Conversion    rights instrument                               
                                                period xviii  refers to                                       
                                                                                                              
                                                                                    Nominal          Delta    
                                                                                                              
    Total (A+B+C)                                                                                             
                                                                                                              
    Number of voting rights                              Percentage of voting rights                          
                                                                                                              
    25,118,649                                           10.05%                                               
                                                                                                              

       

    9. Chain of controlled undertakings through which the voting rights and/or the              
    financial instruments are effectively held, if applicable: xxi                              
                                                                                                
                                                                                                
    Voting rights held in the name of State Street Nominees Limited as nominee for:             
    St. James's Place Strategic Income Unit Trust                                               
                                                                                                
    Voting rights held in the name of Nortrust Nominees Limited as nominee for:                 
    MI TwentyFour Investment Funds - Asset Backed Income Fund                                   
                                                                                                
    Proxy Voting:                                                                               
                                                                                                
    10. Name of the proxy holder:                                                               
                                                                                                
    11. Number of voting rights proxy holder will cease                                         
    to hold:                                                                                    
                                                                                                
    12. Date on which proxy holder will cease to hold                                           
    voting rights:                                                                              
                                                                                                
                                                 Figures based on shares in issue of 250,000,000
    13. Additional information:                                                                 
                                                                                                
                                                                                                
    14. Contact name:                                                               Helen Howell
                                                                                                
    15. Contact telephone number:                                                  0207 015 8908