NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD - MONTHLY INVESTOR REPORT. Transaction Overview

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1 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Transaction Overview Amounts disclosed within this report are shown as at the Determination Date Bloomberg Ticker: NDPFT Report for the period ended: 15/04/2015 Reporting Periods: From: To: Collection Period: 11/03/ /04/2015 Determination Date: 10/04/2015 Monthly Period: 01/03/ /03/2015 Transfer Date: 14/04/2015 Interest Period: 16/03/ /04/2015 Interest Payment Date: 15/04/2015 Series Note Class Currency Issuance Amount Outstanding Amount Scheduled Redemption Date * Final Redemption Date Interest Basis Margin Stepup Margin A GBP 222,300, ,300, /12/ /12/ mth GBP LIBOR 0.75% 1.50% B GBP 27,000, ,000, /12/ /12/ mth GBP LIBOR 1.35% 2.35% C GBP 16,800, ,800, /12/ /12/ mth GBP LIBOR 1.75% 2.75% D GBP 12,600, ,600, /12/ /12/ mth GBP LIBOR 2.25% 3.25% E GBP 7,800, ,800, /12/ /12/ mth GBP LIBOR 3.25% 4.25% F GBP 6,600, ,600, /12/ /12/ mth GBP LIBOR 4.25% 5.25% A GBP 185,250, ,250, /04/ /04/ mth GBP LIBOR 0.90% 1.80% B GBP 22,500, ,500, /04/ /04/ mth GBP LIBOR 1.50% 2.50% C GBP 14,000, ,000, /04/ /04/ mth GBP LIBOR 1.85% 2.85% D GBP 10,125, ,125, /04/ /04/ mth GBP LIBOR 2.40% 3.40% E GBP 6,875, ,875, /04/ /04/ mth GBP LIBOR 3.50% 4.50% F GBP 5,500, ,500, /04/ /04/ mth GBP LIBOR 4.50% 5.50% 2014VFN N/A GBP 373,517, ,405, /12/ /12/ mth GBP LIBOR / CP Rate 1.00% 1.30% 2.00% 2.50% Originator VFN N/A GBP 83,349, ,202, /04/ /04/ mth GBP LIBOR 7.50% N/A * Subject to extension Master Trust Assets and Liabilities Eligible Balance 679,514, Series ,100, Series ,250, VFN 66,405, Originator VFN 46,202, Transferor Interest 29,556, CRR Retention 6.92% The Transferor confirms that it will retain a material net economic interest of not less than 5% of the nominal value of the securitisation in accordance with Article 405 of the CRR and Article 51 of the AIFMR, by way of an originator's interest of not less than 5% of the nominal value of the securitised exposures. As at the reporting date this retention is in the form of the Originator VFN Loan Note. Transaction Party Ratings Triggers RT Account Bank LNI Account Bank Issuer Account Bank Transferor Collection Account Bank Primary Collection Account Bank *Long Term rating only required where Short Term rating is not available Name Required Rating* Current Rating (S&P ST/LT, Fitch ST/LT) (S&P ST/LT, Fitch ST/LT) Trigger Status Citibank N.A. A1 / A+, F1 / A A1 / A, F1 / A Pass Citibank N.A. A1 / A+, F1 / A A1 / A, F1 / A Pass Citibank N.A. A1 / A+, F1 / A A1 / A, F1 / A Pass Citibank N.A. A1 / A+, F1 / A A1 / A, F1 / A Pass Santander UK plc A2 / BBB, F2 / BBB+ A1 / A, F1 / A Pass Consequences of Trigger Breach Replacement within specified period Replacement within specified period Replacement within specified period Replacement within specified period Replacement within specified period Counterparty Role Transferor: Originator: Servicer: Cash Manager: Backup Cash Manager: Trustee: RT / LNI / Issuer Account Bank: Transferor Account Bank Primary Collection Account Banks Counterparty NewDay Partnership Transferor Plc NewDay Ltd NewDay Cards Ltd NewDay Cards Ltd Citibank N.A Citibank N.A Citibank N.A Citibank N.A Santander UK Contact Name Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Graham Stanford / Hoesli Labhart Davide Pluchino Davide Pluchino Davide Pluchino Davide Pluchino John Sacco Contact graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk graham.stanford@newday.co.uk / hoesli.labhart@newday.co.uk davide.pluchino@citi.com davide.pluchino@citi.com davide.pluchino@citi.com davide.pluchino@citi.com John.Sacco@santandergbm.com Key Contacts Graham Stanford Hoesli Labhart Contact graham.stanford@newday.co.uk hoesli.labhart@newday.co.uk

2 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Portfolio Key Performance Indicators Reporting Period ** Opening * (GBP) No of Accounts Average Account Balance (GBP) Mar15 710,042, ,533, Feb15 757,881, ,497, Jan15 736,063, ,485, Dec14 709,145, ,851, * Balances will not exactly match those set out in the stratification tables due to those tables showing Designated Accounts only. ** Portfolio Key Performance Indicators reported one month in arrears. Reporting Period ** Payments Received in Monthly Period (GBP) Payment Rate Mar15 140,667, % Feb15 174,966, % Jan15 182,705, % Dec14 140,547, % Reporting Period ** Purchases Received in Monthly Period (GBP) Purchase Rate Mar15 107,048, % Feb15 115,918, % Jan15 194,134, % Dec14 157,118, % Reporting Period ** Charges, Fees and Interchange in Monthly Period (GBP) Yield Mar15 12,706, % Feb15 14,991, % Jan15 14,060, % Dec14 13,330, % Reporting Period ** Chargeoffs in Monthly Period (GBP) Gross Chargeoff Rate Mar15 2,808, % Feb15 2,815, % Jan15 2,823, % Dec14 3,238, %

3 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Portfolio Stratifications Designated Accounts as at 31 March 2015 Account Balance Range Total ( ) Credit Balance 1,274, % 8,508, % No Balance 2,382, % % , % 24,826, % , % 39,835, % , % 42,822, % , % 40,143, % , % 71,495, % , % 81,870, % ,200 60, % 62,125, % 1, ,000 69, % 106,479, % 2, ,000 32, % 79,067, % 3, ,000 20, % 78,507, % 5, ,500 5, % 33,740, % 7, ,000 2, % 17,041, % 10, or more % 918, % Credit Limit Range Total ( ) Less than , % 31, % , % 2,555, % , % 11,330, % , % 12,116, % , % 37,362, % , % 48,937, % ,200 1,055, % 67,243, % 1, , , % 111,274, % 2, , , % 103,034, % 3, , , % 127,276, % 5, , , % 67,314, % 7, , , % 78,638, % 10, or more 1, % 3,311, % APR Total ( ) 0% 173, % 32,120, % 0.01% 9.90% 4, % 191, % 9.91% 14.90% 26, % 2,239, % 14.91% 16.90% 54, % 6,916, % 16.91% 18.90% 339, % 29,662, % 18.91% 19.90% 1,335, % 88,077, % 19.91% 23.90% 132, % 33,302, % 23.91% 24.90% 712, % 127,236, % 24.91% 28.90% 120, % 14,730, % 28.91% 29.90% 2,302, % 329,806, % 29.91% 34.90% 41, % 1,339, % 34.91% or more 29, % 4,742, % Account Age Total ( ) Not More Than 6 Months 421, % 28,802, % Over 6 Months to 12 Months 371, % 25,892, % Over 12 Months to 24 Months 694, % 50,842, % Over 24 Months to 36 Months 391, % 64,418, % Over 36 Months to 48 Months 436, % 46,543, % Over 48 Months to 60 Months 466, % 41,834, % Over 60 Months to 72 Months 366, % 43,444, % Over 72 Months 2,123, % 368,588, %

4 Region Total ( ) East Midlands 348, % 42,604, % East of England 472, % 60,297, % London 570, % 77,847, % North East England 270, % 33,981, % North West England 619, % 76,725, % Northern Ireland 182, % 25,293, % Scotland 501, % 66,601, % South East England 692, % 90,467, % South West England 401, % 46,609, % Wales 272, % 33,386, % West Midlands 473, % 58,147, % Yorkshire and Humberside 446, % 55,370, % Other 18, % 3,033, % Period of Delinquency Total ( ) (Days Contractually Delinquent) Not Delinquent 5,215, % 639,104, % Up to 29 Days 26, % 13,955, % 30 to 59 Days 8, % 4,557, % 60 to 89 Days 7, % 3,388, % 90 to 119 Days 5, % 3,157, % 120 to 149 Days 4, % 2,892, % 150 to 179 Days 3, % 2,814, % 180 or More Days % 497, % Payment Behaviour Total ( ) Accounts with Minimum Payment Made 376, % 208,941, % Accounts with Full Payment Made 543, % 82,842, % Note: Table only includes accounts with balances outstanding on the previous statement date Partner Total ( ) Debenhams 2,367, % 336,999, % Arcadia Group 1,369, % 106,975, % House of Fraser 465, % 82,466, % Laura Ashley 346, % 45,688, % Other 722, % 98,236, % Product Total ( ) Credit Card 2,328, % 360,624, % Store Card 2,719, % 271,966, % Instalment Credit 223, % 37,775, %

5 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Series Notes Note Details Series Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS XS XS XS XS XS S&P/Fitch Rating (Original) AAA(sf)/AAAsf AA(sf)/AAsf A+(sf)/Asf BBB+(sf)/BBBsf BBB+(sf)/BBsf BB(sf)/Bsf S&P/Fitch Rating (Current) AAA(sf)/AAAsf AA(sf)/AAsf A+(sf)/Asf BBB+(sf)/BBBsf BBB+(sf)/BBsf BB(sf)/Bsf Pool Factor (Original) Pool Factor (Current) Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/05/ /05/ /05/ /05/ /05/ /05/2015 Interest Basis 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 15/01/ /01/ /01/ /01/ /01/ /01/2015 Scheduled Start of Accumulation Period 15/12/ /12/ /12/ /12/ /12/ /12/2016 Scheduled Redemption Date * 15/12/ /12/ /12/ /12/ /12/ /12/2017 Final Redemption Date 15/12/ /12/ /12/ /12/ /12/ /12/2022 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Rate % % % % % % Margin % % % % % % AllIn Rate % % % % % % Note Balances Note Size 222,300, ,000, ,800, ,600, ,800, ,600, Interest Due 229, , , , , , Interest Paid 229, , , , , , Unpaid Interest NonRating Triggers Minimum Transferor Interest Series Portfolio Yield Series Eligible Balance Series [A] Available Originator VFN Excess Amount * 9,933, [A] Average Portfolio Yield * ** 19.39% [A] Eligible Balance 306,428, [B] Transferor Interest * 12,972, [B] Average Expense Rate ** 7.87% [B] Minimum Aggregate Principal 293,100, [C] = [A] + [B] 22,905, Excess Spread [A] [B] ** 11.52% [D] Minimum Transferor Interest (GBP) ** 11,540, Trigger [C] < [D] Pass Trigger [A] < [B] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 4.28% of Average over 90 days, excluding Runoff Accounts ** Average over three periods

6 Series Notes Sources and Application of Funds Source of Funds Series Application of Available Funds Series Billed Finance Charges 5,407, Available Funds 6,404, Acquired Interchange 258, Recoveries 733, Payments: Investment Proceeds 4, Investor Aggregate Trustee Payment Amount Available Funds 6,404, LNI Costs Amount and Issuer Costs Amount LNI Profit Amount and Issuer Profit Amount 18, , Further Subscriptions Investor Servicing Fee 1,498, Principal Collections 55,045, Qualifying Swap Amounts Application of Principal Collections Series Class A Monthly Distribution Amount & Qualifying Swap Payments Class B Monthly Distribution Amount Class C Monthly Distribution Amount Class D Monthly Distribution Amount Required Liquidity Reserve Amount topup Class A D Investor Defaults & Chargeoffs 229, , , , ,358, Available Principal Collections and Further Subscriptions 55,045, Class E Monthly Distribution Amount Class F Monthly Distribution Amount 24, , Reallocated Principal Collections Class E F Investor Defaults & Chargeoffs 70, Monthly Principal Amounts Required Accumulation Reserve Amount Shared Principal Collections Excess Finance Charges Payments for Further 55,045, Subordinated Swap Payments Cash Available for Investment Excess Spread 3,076, Excess Spread Percentage 12.77% Trustee Bank Account Ledgers Series Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance 7,500, Collections received 6,404, ,045, Payments out under Master Cash Settlement Agreement 4,504, ,045, Payments in Payments out Closing Balance 1,899, ,500, Required amount (if any) 7,500,000.00

7 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Series Notes Note Details Series Class A B C D E F Currency GBP GBP GBP GBP GBP GBP ISIN XS XS XS XS XS XS S&P/Fitch Rating (Original) AAA(sf)/AAAsf AA(sf)/AAsf A+(sf)/Asf BBB+(sf)/BBBsf BBB+(sf)/BBsf BB(sf)/Bsf S&P/Fitch Rating (Current) AAA(sf)/AAAsf AA(sf)/AAsf A+(sf)/Asf BBB+(sf)/BBBsf BBB+(sf)/BBsf BB(sf)/Bsf Pool Factor (Original) Pool Factor (Current) Pay Frequency Monthly Monthly Monthly Monthly Monthly Monthly Next Distribution Date 15/05/ /05/ /05/ /05/ /05/ /05/2015 Interest Basis 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR 1mth GBP LIBOR Status Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period Revolving Period First Distribution Date 15/04/ /04/ /04/ /04/ /04/ /04/2015 Scheduled Start of Accumulation Period 15/04/ /04/ /04/ /04/ /04/ /04/2019 Scheduled Redemption Date * 15/04/ /04/ /04/ /04/ /04/ /04/2020 Final Redemption Date 15/04/ /04/ /04/ /04/ /04/ /04/2025 Amortisation Type Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet Soft Bullet *Subject to extension Current Period Rates Rate % % % % % % Margin % % % % % % AllIn Rate % % % % % % Note Balances Note Size 185,250, ,500, ,000, ,125, ,875, ,500, Interest Due 256, , , , , , Interest Paid 256, , , , , , Unpaid Interest NonRating Triggers Minimum Transferor Interest Series Portfolio Yield Series Eligible Balance Series [A] Available Originator VFN Excess Amount * 8,278, [A] Average Portfolio Yield * ** 20.65% [A] Eligible Balance 255,357, [B] Transferor Interest * 10,810, [B] Average Expense Rate ** 8.38% [B] Minimum Aggregate Principal 244,250, [C] = [A] + [B] 19,088, Excess Spread [A] [B] ** 12.27% [D] Minimum Transferor Interest (GBP) ** 9,617, Trigger [C] < [D] Pass Trigger [A] < [B] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 4.28% of Average over 90 days, excluding Runoff Accounts ** Average over three periods

8 Series Notes Sources and Application of Funds Source of Funds Series Application of Available Funds Series Billed Finance Charges 4,506, Available Funds 5,336, Acquired Interchange 215, Recoveries 611, Payments: Investment Proceeds 3, Investor Aggregate Trustee Payment Amount Available Funds 5,336, LNI Costs Amount and Issuer Costs Amount LNI Profit Amount and Issuer Profit Amount 15, , Further Subscriptions Investor Servicing Fee 1,248, Principal Collections 45,871, Qualifying Swap Amounts Application of Principal Collections Series Class A Monthly Distribution Amount & Qualifying Swap Payments Class B Monthly Distribution Amount Class C Monthly Distribution Amount Class D Monthly Distribution Amount Required Liquidity Reserve Amount topup Class A D Investor Defaults & Chargeoffs 256, , , , ,130, Available Principal Collections and Further Subscriptions 45,871, Class E Monthly Distribution Amount Class F Monthly Distribution Amount 27, , Reallocated Principal Collections Class E F Investor Defaults & Chargeoffs 60, Monthly Principal Amounts Required Accumulation Reserve Amount Shared Principal Collections Excess Finance Charges Payments for Further 45,871, Subordinated Swap Payments Cash Available for Investment Excess Spread 2,463, Excess Spread Percentage 12.27% Trustee Bank Account Ledgers Series Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Liquidity Reserve Ledger Accumulation Reserve Ledger Opening Balance 6,300, Collections received 5,336, ,871, Payments out under Master Cash Settlement Agreement 3,654, ,871, Payments in Payments out Closing Balance 1,682, ,300, Required amount (if any) 6,300,000.00

9 NEWDAY PARTNERSHIP RECEIVABLES TRUSTEE LTD MONTHLY INVESTOR REPORT Originator VFN Notes Note Details Originator VFN Components Series Originator VFN Series Subordination 6,900, Class N/A Series Subordination 5,750, Currency GBP 2014VFN Subordination 5,229, ISIN N/A Excess Amount 28,323, S&P/Fitch Rating (Original) Not Rated Total 46,202, S&P/Fitch Rating (Current) Not Rated Pool Factor (Original) Pool Factor (Current) Pay Frequency Monthly Next Distribution Date 15/05/2015 Interest Basis 1mth GBP LIBOR Status Revolving Period First Distribution Date 15/01/2015 Scheduled Start of Accumulation Period N/A Scheduled Redemption Date * 15/04/2026 Final Redemption Date 15/04/2026 Amortisation Type Soft Bullet *Subject to extension Current Period Rates Rate % Margin % AllIn Rate % Note Balances Note Size 46,202, Interest Due 117, Interest Paid 117, Unpaid Interest 0.00 NonRating Triggers Minimum Transferor Interest Orignator VFN Portfolio Yield Orignator VFN Eligible Balance Orignator VFN [A] Available Originator VFN Excess Amount * 1,565, [A] Average Portfolio Yield * ** 19.11% [A] Eligible Balance 48,303, [B] Transferor Interest * 2,044, [B] Average Expense Rate ** 10.22% [B] Minimum Aggregate Principal 21,448, [C] = [A] + [B] 3,610, Excess Spread [A] [B] ** 8.89% [D] Minimum Transferor Interest (GBP) ** 1,819, Trigger [C] < [D] Pass Trigger [A] < [B] Pass Trigger [A] < [B] Pass Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event Consequence of Trigger Breach Series Pay Out Event * Average over 30 consecutive days * Includes Investor Defaults ** As 4.28% of Average over 90 days, excluding Runoff Accounts ** Average over three periods

10 Originator VFN Notes Sources and Application of Funds Source of Funds Orignator VFN Application of Available Funds Originator VFN Billed Finance Charges 852, Acquired Interchange 40, Available Funds 1,009, Recoveries 115, Investment Proceeds Payments: Available Funds 1,009, Investor Aggregate Trustee Payment Amount LNI Costs Amount and Issuer Costs Amount 2, Further Subscriptions LNI Profit Amount and Issuer Profit Amount 7.11 Principal Collections 8,677, Investor Servicing Fee 236, Qualifying Swap Amounts Excess Amount Application of Principal Collections Orignator VFN Aggregate Supported Finance Charge Shortfalls Aggregate Supported Defaults & Chargeoffs 225, Available Principal Collections and Further Subscriptions 8,677, Originator VFN Monthly Distribution Amount 117, Excess Finance Charges Reallocated Principal Collections Subordinated Swap Payments Monthly Principal Amounts 450, Shared Principal Collections Excess Spread 427, Payments for Further 8,226, Excess Spread Percentage 11.26% Cash Available for Investment Trustee Bank Account Ledgers Origniator VFN Finance Charge Collections Ledger Principal Collections Ledger Consideration Ledger Opening Balance Collections received 1,009, ,677, Payments out under Master Cash Settlement Agreement 770, ,226, Payments in Payments out Closing Balance 239, , Required amount (if any)