National Transparency Template Page 1 of 5

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1 National Transparency Template August 218 Administration Name of issuer Coventry Building Society Name of RCB programme Coventry Building Society Philip Hemsley (Assistant Treasurer Liquidity) Telephone: +44 () Mailing Address: Oak Tree Court, Binley Business Park, Harry Weston Road, Name, job title and contact details of person validating this form Coventry, CV3 2UN Date of form submission 3/9/18 Start Date of reporting period 1/8/18 End Date of reporting period 31/8/18 Web links prospectus, transaction documents, loanlevel data Counterparties, Ratings Counterparty/ies Fitch Moody's S&P DBRS Rating trigger Current rating Rating trigger Current rating Rating trigger Current rating Rating trigger Current rating Covered bonds N/A AAA N/A Aaa N/A N/A N/A N/A Issuer Coventry Building Society N/A A N/A A2 N/A N/A N/A N/A Seller(s) Coventry Building Society N/A A N/A A2 N/A N/A N/A N/A Cash manager Coventry Building Society BBB A Baa1 A2 N/A N/A N/A N/A Account bank HSBC Bank plc F1 F1+ P1 P1 N/A N/A N/A N/A Standby account bank N/A Servicer(s) Coventry Building Society BBB A Baa1 A2 N/A N/A N/A N/A Standby servicer(s) N/A Swap provider(s) on cover pool Coventry Building Society A A A2 A2 N/A N/A N/A N/A Standby swap provider(s) on cover pool N/A Swap notional amount(s) (GBP) 3,879,911,266 Swap notional maturity/ies 24/11/222 LLP receive rate/margin % LLP pay rate/margin % Collateral posting amount(s) (GBP) Accounts, Ledgers Revenue receipts (please disclose all parts of waterfall) Value as of End Date of reporting period Value as of Start Date of reporting period Targeted Value AVAILABLE REVENUE RECEIPTS (a) Revenue Receipts Interest received from Borrowers: 7,21,783 (a) Revenue Receipts Fees charged to Borrowers: 195,232 (b) Interest received: 43,629 (c) Excess Reserve Fund: (d) Other Revenue Receipts : 7,218 (e) Excess Required Coupon Amount: (f) Reserve Ledger credit amounts following tice to Pay: (g) Amounts Belonging to Third Parties: 195,232 (h) Required Coupon Amount: (i) Interest Accumulation Ledger: Total Available Revenue Receipts: 7,261,63 AVAILABLE REVENUE RECEIPTS (a) Revenue Receipts Interest received from Borrowers: 7,586,489 (a) Revenue Receipts Fees charged to Borrowers: 315,448 (b) Interest received: 27,843 (c) Excess Reserve Fund: (d) Other Revenue Receipts : 7,594 (e) Excess Required Coupon Amount: (f) Reserve Ledger credit amounts following tice to Pay: (g) Amounts Belonging to Third Parties: 315,448 (h) Required Coupon Amount: (i) Interest Accumulation Ledger: Total Available Revenue Receipts: 7,621,925 PREACCELERATION REVENUE PRIORITY OF PAYMENTS (a) Fees due to Bond Trustee and Security Trustee: (b) Fees due to Agent: (c) Amounts due to Servicer, Cash Manager, Standby Account Bank, Corporate Services Provider and Asset Monitor: (d) Amounts due to the Interest Rate Swap Provider: 1,592,387 (e) (i) Amounts due to/(from) the Covered Bond Swap Providers: 513,49 (ii) Amounts due on the Term Advance: 2,962,4 (f) Transfer to Coupon Payment Ledger following Cash Manager Event: (g) Transfer to Standby GIC Account following Servicer Event of Default: (h) Transfer to Reserve Ledger: 598,854 (i) Excluded Swap Termination Amounts: (j) Indemnity amounts due to the Members: (k) Repayment of Cash Capital Contributions : (l) Deferred Consideration: 2,621,399 (m) Fees due to the Liquidation Member: (n) Members profit amount: PREACCELERATION REVENUE PRIORITY OF PAYMENTS (a) Fees due to Bond Trustee and Security Trustee: (b) Fees due to Agent: (c) Amounts due to Servicer, Cash Manager, Standby Account Bank, Corporate Services Provider and Asset Monitor: 6, (d) Amounts due to the Interest Rate Swap Provider: 1,711,994 (e) (i) Amounts due to/(from) the Covered Bond Swap Providers: 98,31 (ii) Amounts due on the Term Advance: 1,337,56 (f) Transfer to Coupon Payment Ledger following Cash Manager Event: (g) Transfer to Standby GIC Account following Servicer Event of Default: (h) Transfer to Reserve Ledger: 775,332 (i) Excluded Swap Termination Amounts: (j) Indemnity amounts due to the Members: (k) Repayment of Cash Capital Contributions : (l) Deferred Consideration: 2,883,9 (m) Fees due to the Liquidation Member: (n) Members profit amount: Principal receipts (please disclose all parts of waterfall) AVAILABLE PRINCIPAL RECEIPTS (a) Scheduled amounts received from Borrowers: 21,46,658 Unscheduled amounts received from Borrowers: 56,726,594 Less Further Advances made: 2,142,469 (b) (i) Term Advance: (ii) Cash Capital Contributions: (iii) Sale of Selected Loans: Total Available Principal Receipts: 75,63,782 PREACCELERATION PRINCIPAL PRIORITY OF PAYMENTS (a) Purchase of New Loans or Substitution Assets: (b) Transfer to Principal Ledger : (c) (i) Amounts due to the Covered Bond Swap Providers: (ii) Amounts due on the Term Advance: (d) Capital Distribution to Members: 75,63,782 AVAILABLE PRINCIPAL RECEIPTS (a) Scheduled amounts received from Borrowers: 21,679,228 Unscheduled amounts received from Borrowers: 94,754,358 Less Further Advances made: 3,532,993 (b) (i) Term Advance: (ii) Cash Capital Contributions: (iii) Sale of Selected Loans: Total Available Principal Receipts: 112,9,593 PREACCELERATION PRINCIPAL PRIORITY OF PAYMENTS (a) Purchase of New Loans or Substitution Assets: (b) Transfer to Principal Ledger : (c) (i) Amounts due to the Covered Bond Swap Providers: (ii) Amounts due on the Term Advance: (d) Capital Distribution to Members: 112,9,593 Reserve ledger 7,234,913 6,459,581 7,234,913 Revenue ledger 8,456,862 8,937,373 Principal ledger 75,63, ,9,593 Prematurity liquidity ledger N/A N/A N/A National Transparency Template Page 1 of 5

2 Asset Coverage Test Value Description (please edit if different) A 4,436,149,853 A: Arrears Adjusted True Balance B 75,63,782 B: Principal Receipts Retained in Cash C C: Retained Cash Contributions D D: Substitution Assets Principal Receipts¹ & D: Substitution Assets Capital Contributions E V W X 193,86,397 X: Savings set off balance Y Y : Flexible draw deduction Z 94,846,969 Z: Negative carry adjustment Total 4,223,127,269 Method used for calculating component 'A' A: Arrears Adjusted True Balance Asset percentage (%) 87.% Maximum asset percentage from Fitch (%) 87.% Maximum asset percentage from Moody's (%) 99.5% Maximum asset percentage from S&P (%) N/A Maximum asset percentage from DBRS (%) N/A Credit support as derived from ACT (GBP) 1,35,827,269 Credit support as derived from ACT (%) 47.% ProgrammeLevel Characteristics Programme currency EUR Programme size 7bn Covered bonds principal amount outstanding (GBP, nongbp series converted at swap FX rate) 2,872,3, Covered bonds principal amount outstanding (GBP, nongbp series converted at current spot rate) 2,945,5, Cover pool balance (GBP) 5,11,182,733 GIC account balance (GBP) 91,322,558 Any additional collateral (please specify) Any additional collateral (GBP) Aggregate balance of offset mortgages (GBP) 947,796,662 Aggregate deposits attaching to the cover pool (GBP) 193,86,397 Aggregate deposits attaching specifically to the offset mortgages (GBP) 164,458,425 minal level of overcollateralisation (GBP) 2,319,936,436 minal level of overcollateralisation (%) 8.8% Number of loans in cover pool 42,293 Average loan balance (GBP) 12,615 Weighted average nonindexed LTV (%) 48.8% Weighted average Indexed LTV (%) 43.4% Weighted average seasoning (months) 5.9 Weighted average remaining term (months) 27.5 Weighted average interest rate (%) 2.4% Standard Variable Rate(s) (%) 5.% Constant PrePayment Rate (%, current month) 1.4% Constant PrePayment Rate (%, quarterly average) 1.5% Principal Payment Rate (%, current month) 1.9% Principal Payment Rate (%, quarterly average) 2.1% Constant Default Rate (%, current month) Constant Default Rate (%, quarterly average) Fitch Discontinuity Factor (%) 9.3% Moody's Timely Payment Indicator Probable Moody's Collateral Score (%, including/excluding systemic risk) 5.% / 2.5% Mortgage collections Mortgage collections (scheduled interest) 7,21,783 Mortgage collections (scheduled principal) 21,46,658 Mortgage collections (unscheduled interest) Mortgage collections (unscheduled principal) 54,584,125 Loan Redemptions & Replenishments Since Previous Reporting Date Number % of total number Amount (GBP) % of total amount Loan redemptions since previous reporting date % 5,586,32 1.% Loans bought back by seller(s) 46 4,55,88 of which are nonperforming loans 39 3,323,717 of which have breached R&Ws 7 731,371 Loans sold into the cover pool 9, % 1,264,26, % Product Rate Type and Reversionary Profiles Weighted average Number % of total number Amount (GBP) % of total amount Current rate Remaining teaser period (months) Current margin Reversionary margin Initial rate Fixed at origination, reverting to SVR 24, % 2,662,23, % 2.4% %.25% 2.35% Fixed at origination, reverting to Libor.%.%.%.% Fixed at origination, reverting to tracker 2, % 161,92,58 3.2% 1.55%.8%.8% 5.42% Fixed for life 4.%.%.%.% Tracker at origination, reverting to SVR % 91,477, % 2.65% %.14% 2.1% Tracker at origination, reverting to Libor.%.%.%.% Tracker for life 2, % 134,534, % 1.5%.75%.75% 3.65% SVR, including discount to SVR 19,71 4.3% 2,51,226, % 2.57% 2.57%.% 2.31% Libor.%.%.%.% Total 48, ,11,182, % 1.93% 2.46% National Transparency Template Page 2 of 5

3 Stratifications Arrears breakdown Number % of total number Amount (GBP) % of total amount Current 42, % 5,81,171, % 1 month in arrears 131.3% 16,194,275.3% 12 months in arrears 35 3,817,19 23 months in arrears 36 months in arrears 612 months in arrears 12+ months in arrears Total 42, ,11,182,733 1 Current nonindexed LTV Number % of total number Amount (GBP) % of total amount 5% 28, % 2,487,862, % 555% 2, % 482,753,72 9.5% 556% 2,941 7.% 53,266, % 665% 2,81 6.6% 532,81, % 657% 2, % 534,343, % 775% 1,85 4.4% 48,643,465 8.% 758% % 12,152,837 2.% 885% 86.2% 19,371,745.4% 859% 16 2,987,52 995% 951% 115% 1511% 11125% 125%+ Total 42,293 1.% 5,11,182,733 1.% Current Indexed LTV Number % of total number Amount (GBP) % of total amount 5% 32, % 3,174,494, % 555% 2, % 482,45, % 556% 2, % 487,654, % 665% 2,116 5.% 436,691, % 657% 1, % 34,55,8 6.7% 775% % 166,332, % 758% 3 7,7, % 19 4,457, % 7 1,543, % 951% 115% 1511% 11125% 125%+ Total 42, ,11,182,733 1 Current outstanding balance of loan Number % of total number Amount (GBP) % of total amount 5, % 2,5,21 5,1, % 7,14,734 1,25, 3, % 6,18,31 1.2% 25,5, 6, % 236,717,57 4.6% 5,75, 6, % 38,474, % 75,1, 5, % 448,658, % 1,15, 7, % 967,56, % 15,2, 4, % 813,85, % 2,25, 2, % 6,794, % 25,3, 1, % 427,891, % 3,35, % 37,512,283 6.% 35,4, % 235,525, % 4,45, 397.9% 168,123, % 45,5, 285.7% 134,864, % 5,6, 255.6% 137,934, % 6,7, 135.3% 87,169, % 7,8, 5 36,766,479.7% 8,9, 35 29,382,599.6% 9,1,, 2 18,582,864.4% 1,, + Total 42, ,11,182,733 1 Regional distribution Number % of total number Amount (GBP) % of total amount East Anglia 2,8 4.7% 217,784, % East Midlands 4, % 388,771,92 7.6% London 4, ,57, % rth 1,65 3.9% 133,233,76 2.6% rth West 3, % 379,111,44 7.4% rthern Ireland Outer Metro 5, % 867,37, % South East 4, % 646,632, % South West 4, % 527,146, % Scotland Wales 1, % 142,862, % West Midlands 6, % 584,941, % Yorkshire 3, % 336,9, % Other Total 42,293 1.% 5,11,182,733 1.% Repayment type Number % of total number Amount (GBP) % of total amount Capital repayment 39, % 3,863,565, % Partandpart 253.5% 2,511,73.4% Interestonly 2,62 5.3% 269,39,32 5.3% Offset 6, % 947,796, % Total 48, ,11,182,733 1 National Transparency Template Page 3 of 5

4 Seasoning Number % of total number Amount (GBP) % of total amount 12 months 1, % 32,536,79 6.3% 1224 months 6, % 1,15,644, % 2436 months 5, % 886,55, % 3648 months 5, % 762,638, % 486 months 4, % 522,138, % 672 months 3, % 46,29,452 8.% 7284 months 3, % 299,691, % 8496 months 2, % 212,24,53 4.2% 9618 months 2, % 182,38, % 1812 months 1, % 1,165,469 2.% 1215 months 4, % 38,997, % 1518 months 1, % 84,521, % 18+ months Total 42, ,11,182,733 1 Interest payment type Number % of total number Amount (GBP) % of total amount Fixed 23, % 2,597,78,97 5.9% SVR 21,18 43.% 2,137,175, % Tracker 4, % 366,225,87 7.2% Other (please specify)_capped Total 48,893 1.% 5,11,182,733 1.% Loan purpose type Number % of total number Amount (GBP) % of total amount Owneroccupied 48,88 1 5,99,21,942 1 Buytolet 13 2,16,791 Second home Total 48, ,11,182,733 1 Income verification type Number % of total number Amount (GBP) % of total amount Fully verified 42, ,11,182,733 1 Fasttrack Selfcertified Total 42, ,11,182,733 1 Remaining term of loan Number % of total number Amount (GBP) % of total amount 3 months 1, % 54,27, % 36 months 3, % 132,992, % 612 months 8, % 616,824, % 1218 months 1, % 1,137,946, % 1824 months 8, % 1,332,863, % 243 months 5, % 1,164,147, % 336 months 2, % 478,422, % 36+ months % 183,714, % Total 42, ,11,182,733 1 Employment status Number % of total number Amount (GBP) % of total amount Employed 32, % 3,653,576, % Selfemployed 8,69 2.5% 1,377,889, % Unemployed 12.2% 6,663,622 Retired 1,11 2.4% 41,611,892.8% Guarantor Other 199.5% 21,441,74.4% Total 42, ,11,182,733 1 Covered Bonds Outstanding, Associated Derivatives (please disclose for all bonds outstanding) Series Issue date 22/7/8 2/11/8 3/11/14 17/3/15 12/1/17 Original rating (Moody's/S&P/Fitch/DBRS) Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Current rating (Moody's/S&P/Fitch/DBRS) Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Aaa / NR / AAA Denomination GBP GBP EUR GBP EUR Amount at issuance 1,5,, 5,, 5,, 65,, 5,, Amount outstanding 9,, 5,, 5,, 65,, 5,, FX swap rate (rate: 1) Maturity type (hard/softbullet/passthrough) Soft bullet Soft bullet Soft bullet Soft bullet Soft bullet Scheduled final maturity date 24/7/22 24/11/22 3/11/21 17/3/2 12/1/24 Legal final maturity date 24/7/22 24/11/22 3/11/21 17/3/2 12/1/24 ISIN XS XS XS XS XS Stock exchange listing LSE LSE LSE LSE LSE Coupon payment frequency Monthly Monthly Annually Quarterly Annually Coupon payment date 24/9/18 24/9/18 5/11/18 17/9/18 14/1/19 Coupon (rate if fixed, margin and reference rate if floating) 1.223% 1.223%.625%.931%.5% Margin payable under extended maturity period (%).5%.5%.3%.3%.18% Swap counterparty/ies N/A N/A HSBC Bank plc Coventry Building Society Natixis Swap notional denomination N/A N/A EUR GBP EUR Swap notional amount N/A N/A 5,, 5,, 5,, Swap notional maturity N/A N/A 3/11/21 17/3/2 12/1/24 LLP receive rate/margin N/A N/A.625%.931%.5% LLP pay rate/margin N/A N/A 1.125% 1.122% 1.763% Collateral posting amount National Transparency Template Page 4 of 5

5 Programme triggers Event (please list all triggers) Summary of Event Trigger (S&P, Moody's, Fitch, DBRS; shortterm, longterm) Trigger breached (yes/no) Consequence of a trigger breach Issuer Event of Default Issuer failure to pay on Covered Bonds or issuer insolvency N/A Activates the Covered Bond Guarantee Servicer Trigger (1) Servicer's ratings fall below required levels NR / N/A / N/A NR / P2 / F2 Servicer Trigger (2) Servicer's ratings fall below required levels NR / N/A / N/A NR / Baa1 / BBB At initial trigger, direct funds to account held with Standby Account Bank Replace servicer within 6 days at subsequent breach Asset Coverage Test Adjusted Aggregate Loan Amount less than Aggregate Principal Amount Outstanding N/A If not remedied within three calculation dates, triggers Issuer Event of Default Interest Rate Shortfall Test Forecast revenue insufficient to fund the next month's payments N/A Consider a cash capital contribution Swap Counterparty Rating Trigger Interest Rate (Asset) Swap Breach of ratings trigger NR / A2 / A Swap Counterparty Rating Trigger Covered Bond (Liability) Swap Breach of ratings trigger NR / A2 / A Cash Manager (1) Cash Manager's ratings fall below required levels NR / N/A / N/A NR / Baa1 / BBB Cash Manager (2) Cash Manager's ratings fall below required levels NR / N/A / N/A NR / Baa3 / BBB Collateral posting Collateral posting Enter into Back up Cash Manager Agreement Appoint Back up Cash Manager Standby Account Bank Account Bank's ratings fall below required levels NR / N/A / N/A Appoint Standby Account Bank National Transparency Template Page 5 of 5