Effective 2 December 2021, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:

• A 0.25% increase to variable rates
• A 0.35% increase to the revolving credit rates

Because our rates have increased, the applicable interest rate for customers:

• with existing lending in place as at 2 December 2021; and
• whose current interest rate* is made up of one of the rates that is increasing,

will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).

The increases for these customers will be effective from 16 December 2021.

_{*See your loan contract for information on which interest rate applies to your loan.}