Oak No. 1 PLC - Investor Report Reporting Information Cashflows at last distribution Report Date 22-Oct-15 Ledger Balance Reporting Period 1-Sep-15 - 30-Sep-15 Principal Ledger balance 16,536,375.67 Note Payment Date 26-Nov-15 Revenue Ledger balance 1,909,137.71 Next Interest Date 26-Nov-15 General reserve required amount 10,868,480.50 Accrual Start Date - Notes (from and including) 26-Aug-15 General reserve fund 10,868,480.50 Accrual End Date - Notes (to but excluding) 26-Nov-15 Class A Principal Deficiency Ledger Balance - Accrual Days 92 Class Z Principal Deficiency Ledger Balance - Calculation Date 17-Nov-15 Issuer profit ledger balance 1,500.00 Issuance details Class A Notes Class Z Notes Available Revenue Receipts Available Principal receipts Issuer Oak No. 1 PLC Oak No. 1 PLC Revenue receipts 2,026,257.37 Principal receipts 16,536,375.67 Issue Date 10 April 2014 10 April 2014 Interest on bank account and Authorised Investments 17,232.61 Class Z VFN excess of proceeds - ISIN (International Securities Number) XS1028959325 N/A Swap receipts - PDL reduction - Stock Exchange Listing ISE N/A General Reserve ledger - Reconciliation amounts - Original Rating (S & P/Moody's) AAA(sf)/Aaa(sf) Not rated Other Income - less: Current Rating (S & P/Moody's) AAA(sf)/Aaa(sf) Not rated From principal Priority of payments - APR to cover revenue deficiency - Principal Payment date 26 November 2015 From preceding revenue Priority of payments - plus: Currency GBP GBP Reconciliation amounts - On and following step up date - - available revenue receipts Reference index 3 Month GBP LIBOR - 3 Month GBP LIBOR - less: - 16,536,375.67 interpolated for first period interpolated for first period Day count convention Modified following Modified following Insurance premiums - Coupon Reference Rate % 0.58688% 0.58688% Repaid DD's 74,717.74 Relevant margin 0.67000% - Fee payments 59,634.53 Current coupon % 1.25688% 0.58688% Third party payments - Current pool factor 0.649591 1.000000 plus: - Previous pool factor 0.649591 1.000000 APR to cover revenue deficiency - Principal amount - at issue 333,300,000.00 38,945,500.00 Principal outstanding - prior to 216,508,692.96 38,945,500.00 1,909,137.71 payment Principal outstanding - subsequent to 216,508,692.96 38,945,500.00 payment Principal payment - current - - Revenue priority of payment (Pre-Note acceleration) Principal priority of payment (Pre-Note acceleration) Principal payment - previous - - Fees - Note trustee - Principal Repayment - A Notes - Total principal payments - (cumulative) 116,791,307.04 - Fees - Security Trustee - Principal Repayment - Z Notes - Interest payment - current - - Fees - Agent Bank - Excess to Available Revenue - Interest payment - previous - - Account Bank fees - - Total interest payments (cumulative) 4,903,594.10 304,320.07 Swap collateral bank fees - Subordination - current 28,077,019.50 Corporate secretarial fees - General Reserve Fund - current 10,868,480.50 Z vfn notes registrar fees - Total Credit Enhancement - current 38,945,500.00 Third party services - Subordination - previous 28,077,019.50 Fees - Servicer - General Reserve Fund - previous 10,868,480.50 Fees - Cash Manager - Total Credit Enhancement - previous 38,945,500.00 Fees - Back up Servicer - Subordination - at issue 28,982,726.21 Fees - Back up Cash Manager - General Reserve Fund - at issue 9,962,773.79 Fees - Back up service facilitator - Total Credit Enhancement -at issue 38,945,500.00 Swap payments - Step up date 26 May 2019 N/A Interest - A notes - Legal Final Maturity Date 26 February 2052 26 February 2052 Class A Notes - Principal Deficiency Sub-ledger - Excess Spread % - current 0.0000% General reserve ledger - Excess Spread % - previous 0.4976% On and following step up date - issuer profit - Retention undertaking Aldermore Bank PLC has undertaken to the Issuer, the Swap On and following step up date - class A notes principal - Providers and the Trustee, on behalf of the Noteholders, that it will outstanding retain a material net economic interest of not less than 5% in the Class Z Notes - Principal Deficiency Sub-ledger - securitisation (for the life of the transaction) in accordance with the Interest - Z notes - text of each of Article 405 of Regulation (EU) No 575/2013 (the Capital Requirements Regulation) and Article 51 of Regulation (EU) Issuer profit amount up to step up date - No 231/2013 (the AIFM Regulation) (which in each case does not Swap - excluded termination amounts - take into account any national measures). As at the closing date, such interest will be comprised of an interest in the first loss tranche Excess following determination period - as required by the text of Article 405 and Article 51. Aldermore Bank Class Z principal repayments - PLC can confirm that as at the Report Date, it continues to hold a material net economic interest of at least 5%. Deferred consideration - - 1 Oak No. 1 PLC - Investor Report Assets Performance Ratio Current Previous Monthly 3 Month Average Monthly Figure Annualised Current Constant Prepayment Rate (CPR) 2.93% 3.21% 29.99% Number of Mortgage Accounts in Pool 1,832 1,884 Current Balance of Mortgage Accounts Current Principal Payment Rate (PPR) 3.10% 3.37% 31.50% in Pool £228,771,243.25 £236,106,406.24 Current Constant Default Rate (CDR) 0.11% 0.10% 1.29% Cash and Other substitution Assets - - Previous Constant Prepayment Rate (CPR) 3.61% 3.35% 35.64% Borrower deposits £26,547.99 £6,516.68 Previous Principal Payment Rate (PPR) 3.75% 3.51% 36.82% Collections Previous Constant Default Rate (CDR) 0.12% 0.08% 1.44% Current Previous Scheduled Principal Payments £414,413.83 £363,400.09 Arrears Capitalisation Percentage of original pool Number Value of Arrears (£) Unscheduled Principal Payments £6,912,620.53 £8,845,941.22 balance Interest £932,650.15 £976,487.56 Arrears Capitalisation - current month - - - Arrears Capitalisation - to date - - - Arrears Capitalisation - greater than 3 months arrears Pool Changes - - - Reason Number Value (£) Additional Borrowings - - Net Losses Percentage of original pool Unscheduled Principal Payments * Number Value of Losses (£) 52 £6,912,620.53 balance Repurchases Losses - current month - - - - Breaches to Warranties - - Losses - to date - - - - Product Transfers - - - Additional Borrowings - - Properties in Possession - Term Extensions Number Current Balance (£) Arrears balance (£) - - Total unscheduled principal received during period 6,912,620.53 Properties in Possession (current) - - - * The number of accounts for Unscheduled Principal Payments only includes redemptions whereas the Value captures all Unscheduled Principal received. Possessed (current period) - - - Properties returned to borrower (current period) - - - Mortgage interest rate Sold (current period) - - - Aldermore Bank plc With effect from Existing borrower Standard variable rate - Current 4.98% 01/06/2010 Possessed (programme to date) - - - Standard variable rate - Previous 4.98% 01/06/2010 Properties returned to borrower (programme to date) - - - Base Mortgage Rate - Current N/A N/A Sold (programme to date) - - - Base Mortgage Rate - Previous N/A N/A Summary Statistics Remaining Loan Size (£) Seasoning Current Indexed Arrears Balance term Original LTV (%) (months) LTV(%) LTV (%) (£) (years) Whole Pool Interest Only Repayment Part & Part Minimum 20 5 6,002 6,002 15,258 - 4.42% 3.79% 6.01% 101 Maximum 64 33 949,972 949,972 832,716 - 80.64% 77.86% 81.37% 5,317 Weighted Average 36 19 203,994 315,317 146,556 - 62.67% 55.05% 66.59% 2,154 2 Oak No. 1 PLC - Investor Report Current Balance Current At Issue Number of Accounts % of Portfolio Current Balance (£) % of Portfolio Number of Accounts % of Portfolio Current Balance (£) % of Portfolio >0 - <=50k 215 11.74% 8,025,508 3.51% >0 - <=50k 217 8.08% 8,255,658 2.28% >50 - <=100k 709 38.70% 52,765,826 23.06% >50 - <=100k 963 35.85% 72,537,655 20.02% >100 - <=150k 476 25.98% 59,153,416 25.86% >100 - <=150k 744 27.70% 91,706,631 25.31% >150 - <=200k 203 11.08% 34,959,772 15.28% >150 - <=200k 388 14.45% 66,415,155 18.33% >200 - <=250k 90 4.91% 20,121,194 8.80% >200 - <=250k 138 5.14% 30,755,297 8.49% >250 - <=300k 53 2.89% 14,439,052 6.31% >250 - <=300k 88 3.28% 23,985,062 6.62% >300 - <=350k 29 1.58% 9,421,372 4.12% >300 - <=350k 36 1.34% 11,707,293 3.23% >350 - <=400k 14 0.76% 5,195,205 2.27% >350 - <=400k 35 1.30% 13,013,657 3.59% >400 - <=450k 13 0.71% 5,436,638 2.38% >400 - <=450k 21 0.78% 8,760,158 2.42% >450 - <=500k 5 0.27% 2,437,084 1.07% >450 - <=500k 10 0.37% 4,787,561 1.32% >500 - <=550k 8 0.44% 4,255,059 1.86% >500 - <=550k 14 0.52% 7,418,109 2.05% >550 - <=600k 2 0.11% 1,143,241 0.50% >550 - <=600k 9 0.34% 5,255,431 1.45% >600 - <=650k 5 0.27% 3,031,484 1.33% >600 - <=650k 6 0.22% 3,713,123 1.02% >650 - <=700k - - - - >650 - <=700k 1 0.04% 696,405 0.19% >700 - <=750k 3 0.16% 2,188,172 0.96% >700 - <=750k 6 0.22% 4,418,971 1.22% >750 - <=800k - - - - >750 - <=800k - - - - >800 - <=850k 1 0.05% 832,716 0.36% >800 - <=850k 1 0.04% 806,257 0.22% >850 - <=900k 3 0.16% 2,609,538 1.14% >850 - <=900k 4 0.15% 3,474,587 0.96% >900 - <=950k 3 0.16% 2,755,966 1.20% >900 - <=950k 5 0.19% 4,575,673 1.26% >950 - <=1000k - - - - >950 - <=1000k - - - - Total 1,832 100.00% 228,771,243 100.00% Total 2,686 100.00% 362,282,683 100.00% Minimum 6,002 5,895 Maximum 949,972 949,865 Weighted Average 203,994 214,854 Original Balances Current At Issue Number of Accounts % of Portfolio Current Balance (£) % of Portfolio Number of Accounts % of Portfolio Current Balance (£) % of Portfolio >0 - <=50k 135 7.37% 4,519,257 1.98% >0