Turn your everyday spending into amazing Virgin travel experiences with extra perks with the brand-new Virgin Red Rewards Mastercard®. The credit card, issued by Synchrony and launching today, allows cardholders to earn three Virgin Points for every $1 spent on purchases with Virgin
Atlantic, Virgin Hotels and Virgin Voyages. On top of this, cardholders will earn two Virgin Points for every $1 spent on dining, at grocery stores, on select streaming services and for EV charging, and one Virgin Point for every $1 spent on anything else anywhere Mastercard is accepted. Virgin Points can be redeemed on a huge variety of rewards across Virgin Red and Virgin Atlantic Flying Club.

Cardholders can gain access to a choice of six industry-leading exclusive Virgin perks up to twice a year – one can be selected when they spend $15,000 and another can be selected when they spend $30,000, and the annual fee is just $99. The perks to choose from currently include:

• Flying Club reward voucher for a companion seat or a cabin upgrade on Virgin Atlantic.
• One free hotel night stay at a participating Virgin Hotel.
• One priority room upgrade at a participating Virgin Hotel.
• Up to $300 bar tab with Virgin Voyages.
• Blue Extras Perk Package with Virgin Voyages – includes laundry service, exclusive cocktail
party, daily coffee credits.

Customers can select the same option up to two times.

To celebrate the launch of the card, Virgin Red is offering a boarding bonus of 40,000 Virgin Points to new cardholders that spend $3,000 in the first 90 days – enough for two tickets across the pond to the UK and back.*

The card also offers a number of cardholder benefits such as no foreign transaction fees on purchases when travelling overseas, 2,500 Virgin Points when you add a loved one as an additional user (up to four users) and an anniversary bonus of 5,000 Virgin Points each year upon renewal of the cardholders' card. Virgin Red Rewards cardholders will also earn 25 Flying Club Tier Points for each $2,500 in eligible purchases (maximum 50 Tier Points per month) and enjoy a third night free after booking two nights at a participating Virgin Hotel once a year.

Cardholders will also enjoy meaningful World Elite Mastercard® rewards, savings and Priceless Experiences with partners across travel, shopping, wellness and more. Mastercard security protections including ID Theft Protection™, Zero Liability Protection and Global Services for
emergency assistance.

Virgin Points can be redeemed on extraordinary rewards from Virgin including flights, cruises and hotel stays, as well as on rewards with other partners such as movie tickets. Virgin Red has something for everyone.

Andrea Burchett, Chief Loyalty Officer and Managing Director for Virgin Red, says:“We're thrilled to partner with Virgin's brilliant travel companies to offer our US members the chance to turn the dollars they spend every day into Virgin Points. The Virgin Red Rewards Card is the first of its kind in the industry to span flights, cruises and hotels – it's your passport to more flights across the Atlantic, more Voyaging around Caribbean hotspots and more Bellinis at The Pool Club.”

Shai Weiss, Chief Executive Officer of Virgin Atlantic, said: “The Virgin Red Rewards Card allows US cardholders to enjoy our brilliantly different customer experience across every part of their journey. They can now earn and burn Virgin Points, putting them towards their next adventure to the UK on Virgin Atlantic, staying at the brand new Virgin Hotels London-Shoreditch, before setting sail on a Virgin Voyage from ports across Europe. We can't wait for more people to experience our award-winning Clubhouses and experience on board, delivered by our amazing
people.”

“At Virgin Hotels, we're all about creating meaningful value and irresistible experiences for our
guests,” says James Bermingham, Chief Executive Officer at Virgin Hotels Collection. “We're
excited to partner with our friends at Virgin to bring the Virgin Red Rewards Card to life. The card
will revolutionize the guest experience by converting spending into Virgin Points, offering guests
enhanced hotel stays and opening the door to a whole new world of travel rewards.”

Nirmal Saverimuttu, Chief Executive Officer at Virgin Voyages, says: “We're always looking for
new opportunities to reward our loyal sailors which is why we're excited to launch the Virgin Red
Rewards Card in partnership with Virgin's travel companies. This innovative card turns everyday
purchases into Virgin Points, allowing sailors to unlock exclusive on-board perks, explore new
horizons, and create more unforgettable experiences with Virgin Voyages.”

For example: Cardholders who spend $700 on everyday purchases and $300 at grocery stores each
month for a year would earn 15,600 Virgin Points. This, combined with the boarding bonus of
40,000 Virgin Points for spending $3,000 in the first 90 days, is enough for two round trip flights
between the UK and the US* with points to spare. Cardholders that spend $4,700 on everyday
purchases and $300 at grocery stores each month would earn 63,000 Virgin Points in a year, which
is enough for a 4-night cruise in the Caribbean with Virgin Voyages when combined with the
boarding bonus.** In addition, they would get to select from two Virgin perks and, if they are a
Virgin Atlantic Flying Club member, earn 25 Tier Points for every $2,500 spent.

For more information on the Virgin Red Rewards Card and its welcome offer, visit here.

-ends-
* Points based on a standard price for return flights in Economy. Taxes, fees and carrier-imposed
surcharges apply. Subject to availability.

** Points required for redemption accurate at time of publication but subject to change and
rewards are subject to availability.

The Virgin Red Rewards Mastercard® is only available to U.S residents, 18 or older. This communication is exempt from the general restriction under section 21 of the Financial Services and Markets Act 2000 (FSMA) on the communication of invitations or inducements to engage in
investment activity on the grounds that it is made or directed only at persons outside the UK and within the USA.

Virgin Red membership required to use Virgin Points. Certain benefits and rewards may also require membership of the loyalty program of the relevant Virgin company such as Virgin Atlantic Flying Club in the case of reward flights and upgrades. Terms apply.

For further information:
Download imagery here.
Angela Palmer
Virgin Red
Angela.palmer@virgin.com

Caitlin Marsh
Virgin Red
Caitlin.marsh@virgin.com

Alyssa Rosenblatt
Mastercard
Alyssa.rosenblatt@mastercard.com

Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.com

Notes to editors:

About Virgin Red
Virgin Red is Virgin's rewards club, connecting the Virgin family, where members can earn on the
everyday to save for the extraordinary. Virgin Red also makes it easy to support local communities,
charities and the environment.

Virgin Red celebrates its members for living a life more Virgin – giving them exclusive access to
rewards from the Virgin family and beyond. It makes it really easy for members to earn and spend
Virgin Points – Virgin's universal currency which never expires.

Whether it's spending points on an everyday treat like a cinema ticket or saving for a bigger
extraordinary experience like a holiday, there is something for everyone. Top up your points
balance by earning on your everyday online shopping with some of the U.S.'s biggest retailers.
About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect
and power an inclusive, digital economy that benefits everyone, everywhere by making
transactions safe, simple, smart and accessible. Using secure data and networks, partnerships
and passion, our innovations and solutions help individuals, financial institutions, governments and
businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and
everything we do inside and outside of our company. With connections across more than 210
countries and territories, we are building a sustainable world that unlocks priceless possibilities
for all. Visit www.mastercard.com.

About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the
industry's most complete digitally-enabled product suites. Our experience, expertise and scale
encompass a broad spectrum of industries including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet and more. We have an established and diverse
group of national and regional retailers, local merchants, manufacturers, buying groups, industry
associations and healthcare service providers, which we refer to as our “partners.” We connect our
partners and consumers through our dynamic financial ecosystem and provide them with a diverse
set of financing solutions and innovative digital capabilities to address their specific needs and
deliver seamless, omnichannel experiences. We offer the right financing products to the right
customers in their channel of choice. For more information, visit www.synchrony.com