The Virgin UK Index Tracking Trust. Interim Report and Financial Statements For the period 16 March 2015 to 15 September 2015 (unaudited)

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1 The Virgin UK Index Tracking Trust Interim Report and Financial Statements For the period 16 March 2015 to 15 September 2015 (unaudited)

2 Contents Page 1 Manager s investment report 3 Performance record 4 Portfolio statement 16 Top purchases and sales of investments 17 Statement of total return and Statement of change in unitholders funds 18 Balance sheet 19 Notes to the financial statements 20 Distribution tables 21 Directors statement 22 Management and professional services

3 Manager s investment report for the period ended 15 September 2015 Investment objective and policy The objective of the Virgin UK Index Tracking Trust is to closely match the performance of the FTSE All-Share Index #, after taking charges into account. The policy for achieving this is to fully replicate the FTSE All-Share Index, which comprises approximately 600 company shares. Stock index futures contracts (derivatives) may also be used to manage the pool of investors cash before it is invested in stocks which form the All-Share Index. This is for the purpose of efficient portfolio management. No trading or speculation in these investments is undertaken. Trust status The Trust is an authorised unit trust scheme under S243 of the Financial Services and Markets Act 2000 and is categorised as a UCITS scheme under the Collective Investment Schemes Sourcebook (COLL). Financial instruments In pursuing its investment objective set out above, the Trust holds a number of financial instruments. The Trust s financial instruments, other than derivatives, comprise securities and other investments, cash balances and debtors and creditors that arise directly from its operations. For example, in respect of sales and purchases of securities and other investments awaiting settlement, debtors and creditors are created. Similarly, amounts receivable for creations and payable for liquidations of units, and accrued income relating to debtors are reflected in debtors and creditors. Unit Trust schemes are not permitted by the Regulations* to enter into a transaction if its purpose could reasonably be regarded as speculative. The Trust s use of financial instruments satisfies these requirements and no trading in financial instruments is undertaken. *The Regulations derive from UK and EU financial services legislation including the Financial Services and Markets Act 2000, the Undertakings in Collective Investments in Transferable Securities (UCITS) Directive and FCA rules, principally the Collective Investment Schemes Sourcebook (COLL). Risk and Reward profile The Trust s Synthetic Risk and Reward Indicator (SRRI) is 5 on a scale of 1 (lower) to 7 (higher) as it invests in company shares. For further information, please refer to the fund s Key Investor Information Document (KIID). Income The interim distribution for the period ended 15 September 2015 for Income Unit Class will be 4.071p net per unit payable on Friday 13 November The interim distribution for the period ended 15 September 2015 for AE Income Unit Class will be 1.541p net per unit payable on Friday 13 November The AE Income Unit Class is only available for investment to Virgin Money Nominees Limited on behalf of Virgin Stakeholder Pension Scheme auto-enrolment members. This unit class is not available to retail customers. Fund performance The Virgin UK Index Tracking Trust fell by 7.41% compared with the FTSE All-Share Index fall of 7.33%. The tracking error at the end of the six months was 0.10%**. Over any 6 month period the tracking error of the Trust (before charges) is expected to be within a plus or minus 15 basis point (0.15%) range of the FTSE All-Share Index. Based on net asset value. ** Tracking error is calculated as the standard deviation of returns excluding annual management charges for the year. In tracking the performance of the Index, the Fund uses full replication to track the performance of the Index as closely as possible. The difference in return can be attributed, among other things, to a number of managed and non-managed factors, including small differences in weightings resulting from trading activity; transaction costs; and differences in the Company s valuation and withholding tax treatment between the Fund s and the Index vendor s methodologies. 1

4 Manager s investment report for the period ended 15 September 2015 (continued) Markets and economic commentary Following a strong start to the period, financial markets became volatile in June, largely due to the continuing issues in Greece. Although some improvement was seen in July, the six-month period ended with stock markets falling back and the FTSE All-Share reporting a negative return of -7.33% for the period overall. The first part of the reporting period saw most global stock markets, including the UK, perform positively. This was due to fading deflationary worries, unexpectedly strong economic activity and the European Central Bank s (ECB) announcement of a larger-than-anticipated quantitative easing (QE) programme of more than 1 trillion, aimed at improving growth in the Eurozone. The UK stock market was also helped in the early part of the reporting period by the UK general election result a positive surprise for the markets as the Conservatives won an outright majority, removing concerns of a hung parliament and the economic uncertainty that might have followed. This all led to many stock markets reaching highs not seen for at least 15 years, with the FTSE in the UK reaching a new all-time high in March and again in April and staying near to those historic high levels for much of May. June and July saw stock market volatility increase as concerns about the Greek economy returned. This was due to the newly-elected anti-austerity government delaying a debt repayment to the International Monetary Fund in early June, before calling a referendum and missing the repayment deadline at the end of June. This led to the introduction of capital controls and the country s banks and stock market being closed for much of July. However, to avert a potential economic and banking collapse Greece did agree a deal towards the end of July. The period ended with global stock markets falling back further mainly due to concerns about an economic slowdown in China, which led Chinese shares to fall over 9% in a single day (their biggest one-day fall since 2007). However, it was not all bad news during the period. The UK economy maintained its reasonably steady progress, with Gross Domestic Product (GDP) growth (the measure of growth of the UK economy) of 0.4% in the first quarter of 2015 and 0.7% growth in the second quarter. The second quarter of 2015 also saw a rebound in retail sales activity as well as solid housing and unemployment data, indicating ongoing strength in the economy. The Eurozone maintained its modest recovery, and the region is now forecast to grow by 1.5% across 2015, while US GDP was quite strong at 3.7% for the second quarter of Darrell Evans Director Virgin Money Unit Trust Managers Limited 29 October 2015 # FTSE, FT-SE and Footsie are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. All-World, All-Share and All-Small are trade marks of FTSE International Limited. The FTSE All-Share Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent lists vests in FTSE International Limited. Virgin Unit Trust Managers Limited has obtained full licence from FTSE International Limited to use such copyright in the creation of this product. 2

5 Performance record The Virgin UK Index Tracking Trust was first offered on 3 March 1995 at an offer price of p per unit. On 2 April 2015, the Virgin UK Index Tracking Trust AE Unit Class was offered at p per unit. Unit price history and Income record Calendar year Income Units * Highest Offer price p p p p Lowest Bid price p p p p Income record per unit 5.607p 5.734p 5.739p 6.258p AE Income Units * p 89.78p 1.541p Net asset value & Ongoing Charges Income Units Final 15 March 2013 Final 15 March 2014 Final 15 March 2015 Interim 15 September 2015 Net asset value 2,397,818,480 2,501,321,662 2,615,767,275 2,390,342,643 Units in issue 1,046,574,282 1,062,070,329 1,070,207,644 1,056,234,958 Net asset value per unit p p p p Ongoing charges % AE Income Units 1 Interim 15 September ,451,366 26,737, p Launched 2 April * To 15 September The Ongoing Charge Figure (OCF) is the total expenses paid by the Trust in the year against its average net asset value. 3

6 Portfolio statement Market Value % of Net Security Holdings 000 Assets BASIC RESOURCES (5.95%*) 112, Forestry & Paper Mondi 463,814 6, Industrial Metals & Mining Evraz 608, Ferrexpo 223, Mining Acacia Mining 195, Anglo American 1,599,221 11, Anglo Pacific 151, Antofagasta 432,201 2, Aquarius Platinum 2,036, BHP Billiton 2,578,744 27, Centamin 1,590, Fresnillo 204,062 1, Gem Diamonds 75, Glencore 13,026,379 16, Hochschild Mining 203, KAZ Minerals 330, Kenmare Resources 2,843, Lonmin 718, Petra Diamonds 445, Petropavlovsk 1,725, Polymetal International 240,167 1, Randgold Resources 116,079 4, Rio Tinto 1,485,972 35, Vedanta Resources 122, CHEMICALS (0.71%*) 16, Chemicals Alent 299,460 1, Carclo 35, Croda International 168,863 4, Elementis 531,993 1, Johnson Matthey 251,327 6, Synthomer 320,982 1, Victrex 100,410 1, AUTOMOBILES & PARTS (0.28%*) 5, Automobiles & Parts GKN 2,007,099 5, FOOD & BEVERAGE (6.49%*) 153, Beverages A.G.BARR 106, Britvic 287,672 1, Coca-Cola HBC 246,472 3, Diageo 3,058,889 53, SABMiller 1,141,717 34, Stock Spirits 297, Food Producers Anglo-Eastern Plantations 25, Associated British Foods 426,552 13, Cranswick 60, Dairy Crest 185,800 1, Devro 200, Greencore 543,861 1, Hilton Food 55, Premier Foods 755, Tate & Lyle 586,893 3, Unilever 1,464,501 37,

7 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets PERSONAL & HOUSEHOLD GOODS (8.02%*) 208, Household Goods & Home Construction Barratt Developments 1,232,708 8, Bellway 156,432 4, Berkeley 152,184 5, Bovis Homes 162,735 1, Crest Nicholson 245,794 1, Headlam 45, McBride 219, MJ Gleeson 21, Persimmon 369,768 7, Reckitt Benckiser 768,391 43, Redrow 308,218 1, Taylor Wimpey 3,949,212 7, Personal Goods Burberry 550,943 7, PZ Cussons 265, Supergroup 37, Ted Baker 39,881 1, Tobacco British American Tobacco 2,253,479 78, Imperial Tobacco 1,170,915 38, RETAIL (3.84%*) 101, Food & Drug Retailers Booker 2,032,433 3, Greggs 148,420 1, J Sainsbury 1,714,610 3, McColl s Retail 40, Ocado 511,512 1, Tesco 9,901,500 17, Wm Morrison Supermarkets 2,657,248 4, General Retailers AA 742,867 2, B&M European 676,861 2, Card Factory 262, Carpetright 63, Darty 708, Debenhams 1,559,290 1, Dignity 55,889 1, Dixons Carphone 1,199,937 5, Dunelm 97, Findel 103, GAME Digital 46, Halfords 283,746 1, Home Retail 1,057,964 1, Inchcape 577,234 4, JD Sports Fashion 126,204 1, Just Eat 517,242 1, Kingfisher 2,901,710 10, Laura Ashley 255, Lookers 305, Marks & Spencer 1,986,370 9, Moss Bros 45, Mothercare 192, N Brown 220, Next 180,425 13, Pendragon 1,692, Pets at Home 441,168 1, Photo-Me International 340,

8 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Poundland 121, Saga 740,106 1, Sports Direct International 311,846 2, Topps Tiles 159, WH Smith 137,115 2, MEDIA (3.71%*) 89, Media 4imprint 16, Auto Trader 858,162 2, Bloomsbury Publishing 88, Centaur Media 185, Chime Communications 46, Entertainment One 120, Euromoney Institutional Investor 38, Huntsworth 296, Informa 820,933 4, ITE 323, ITV 4,558,797 11, Johnston Press 53, Moneysupermarket.com 390,895 1, Pearson 987,016 11, Reed Elsevier 1,374,240 14, Rightmove 110,954 4, Sky 1,272,887 12, STV Group 19, Trinity Mirror 356, UBM 530,492 2, UTV Media 115, WPP 1,594,200 21, Zoopla Property 102, TRAVEL & LEISURE (4.47%*) 110, Travel & Leisure , Betfair 110,561 3, Bwin.Party Digital Entertainment 849, Carnival 224,390 7, Cineworld 155, Compass 2,025,237 20, Domino s Pizza 216,493 1, easyjet 310,322 5, Enterprise Inns 610, Firstgroup 1,548,903 1, Flybe 115, Fuller Smith & Turner 41, Games Workshop 17, Go-Ahead 51,270 1, Greene King 401,319 3, InterContinental Hotels 286,953 6, International Consolidated Airlines 2,246,457 13, JD Wetherspoon 177,812 1, Ladbrokes 1,191,940 1, Marston s 788,708 1, Merlin Entertainments 777,260 2, Millennium & Copthorne Hotels 189,292 1, Mitchells & Butlers 310,878 1, National Express 614,349 1, Playtech 259,429 2, Punch Taverns 163, Rank 287, Restaurant 241,030 1,

9 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Sportech 83, SSP 389,793 1, Stagecoach 515,131 1, Thomas Cook 1,773,520 2, TUI 569,614 6, Whitbread 218,879 10, William Hill 1,126,501 3, Wizz Air 49, BANKS (10.26%*) 258, Banks Aldermore 71, Bank of Georgia 35, Barclays 20,028,649 52, HSBC 23,588, , Lloyds Banking 71,789,383 54, Royal Bank of Scotland 3,680,975 12, Shawbrook 26, Standard Chartered 2,523,342 18, Virgin Money*** 147, FINANCIAL SERVICES (5.78%*) 150, Equity Investment Instruments 3i Infrastructure 716,807 1, Aberdeen Asian Income Fund 134, Aberdeen Asian Smaller Companies Investment Trust 24, Aberdeen New Dawn Investment Trust 153, Aberdeen New Thai Investment Trust 76, Aberdeen UK Tracker Trust 129, Aberforth Smaller Companies Trust 123,009 1, Advance Developing Markets Fund 47, Alliance Trust 809,470 3, Artemis Alpha Trust 37, Asian Total Return Investment 14, BACIT 8, Baillie Gifford Japan Trust 78, Bankers Investment Trust 146, Baring Emerging Europe 33, BBGI 259, BH Global (GBP) 23, BH Macro (GBP) 22, BlackRock Commodities Income Investment Trust 56, BlackRock Income Strategies Trust 395, BlackRock Latin American Investment Trust 45, BlackRock Smaller Cos Trust 61, BlackRock Throgmorton Trust 170, BlackRock World Mining Trust 213, Bluecrest Allblue Fund 416, British Empire Securities and General Trust 199, Brunner Investment Trust 46, Caledonia Investments 53,690 1, City Merchants High Yield Trust 52, City of London Investment Trust 259, Dexion Absolute 223, Dexion Equity Alternative** 94,357 Diverse Income Trust 204, Dunedin Income Growth Investment Trust 195, Ecofin Water & Power Opportunities 255, Edinburgh Dragon Trust 295, Edinburgh Investment Trust 234,993 1, Edinburgh Worldwide Investment Trust 62, Electra Private Equity 47,404 1,

10 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Electric and General Investment Trust** 77,402 European Investment Trust 65, F&C Capital & Income Investment Trust 89, F&C Global Smaller Companies 64, F&C Private Equity Trust 43, Fidelity Asian Values 118, Fidelity China Special Situations 719, Fidelity European Values 659,470 1, Fidelity Special Values 370, Finsbury Growth & Income Trust 63, Foreign & Colonial Investment Trust 822,040 3, Gartmore Irish Growth Fund** 17,434 GCP Infrastructure Investments 298, Genesis Emerging Markets Fund 161, Graphite Enterprise Trust 95, Greencoat UK Wind 259, Hansa Trust 5, Henderson European Focus Trust 43, Henderson EuroTrust 32, Henderson Far East Income 91, Henderson Global Trust 64, Henderson High Income Trust 77, Henderson Smaller Companies Investment Trust 106, Henderson Value Trust 61, Herald Investment Trust 108, HgCapital Trust 33, HICL Infrastructure 1,571,820 2, Impax Environmental Markets 277, International Public Partnerships 741, Invesco Asia Trust 63, Invesco Income Growth Trust 72, Invesco Perpetual UK Smaller Companies Investment Trust 88, John Laing Infrastructure Fund 515, JPMorgan American Investment Trust 267, JPMorgan Asian Investment Trust 47, JPMorgan Chinese Investment Trust 57, JPMorgan Claverhouse Investment Trust 78, JPMorgan Emerging Markets Investment Trust 133, JPMorgan European Investment Trust 178, JPMorgan European Smaller Companies Trust 271, JPMorgan Indian Investment Trust 121, JPMorgan Japan Smaller Companies Trust 48, JPMorgan Japanese Investment Trust 232, JPMorgan Mid Cap Investment Trust 35, JPMorgan Overseas Investment Trust 37, JPMorgan Russian Securities 70, JPMorgan Smaller CosIT 30, Jupiter European Opportunities Trust 98, Jupiter US Smaller Companies 25, Keystone Investment Trust 16, Law Debenture 143, Lowland Investment Company 29, Majedie Investments 32, Martin Currie Pacific Trust 51, Martin Currie Portfolio Investment Trust 187, Mercantile Investment Trust 122,679 2, Merchants Trust 129, Monks Investment Trust 337,747 1, Montanaro UK Smaller Companies Investment Trust 43, Murray Income Trust 82,

11 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Murray International Trust 152,611 1, NB Global Floating Rate Income Fund 1,515,471 1, North American Income Trust 44, North Atlantic Smaller Companies Investment Trust 15, P2P Global Investments 56, P2P Global Investments C Share Class 30, Pacific Assets Trust 156, Pacific Horizon Investment Trust 52, Pantheon International 41, Perpetual Income and Growth Investment Trust 248,047 1, Personal Assets Trust Polar Capital Technology Trust 169, RIT Capital Partners 188,051 2, Riverstone Energy 23, Ruffer Investment Company 116, Schroder AsiaPacific Fund 192, Schroder Income Growth Fund 94, Schroder Japan Growth Fund 157, Schroder Oriental Income Fund 186, Schroder UK Growth Fund 203, Schroder UK Mid Cap Fund 43, Scottish American Investment 166, Scottish Investment Trust 166, Scottish Mortgage Investment Trust 1,739,350 4, Scottish Oriental Smaller Companies Trust Securities Trust of Scotland 123, Standard Life Equity Income Trust 50, Standard Life European Private Equity Trust 99, Temple Bar Investment Trust 72, Templeton Emerging Markets Investment Trust 401,748 1, The Biotech Growth Trust 43, The Renewables Infrastructure Group 395, TR European Growth Trust 94, TR Property Investment Trust 385,499 1, Troy Income & Growth Trust 140, TwentyFour Income Fund 104, Utilico Emerging Markets 191, Value and Income Trust 57, Witan Investment Trust 262,203 1, Witan Pacific Investment Trust 91, Woodford Patient Capital Trust 966,944 1, Worldwide Healthcare Trust 61,337 1, Financial Services 3i 1,225,324 5, Aberdeen Asset Management 1,235,624 3, Allied Minds 36, Arrow Global 8, Ashmore 559,513 1, Brewin Dolphin 248, City of London Investment 10, Close Brothers 198,309 2, Hargreaves Lansdown 271,242 3, Henderson 1,344,977 3, ICAP 657,565 3, IG 439,536 3, Intermediate Capital 394,167 2, International Personal Finance 312,555 1, Investec 688,581 3, IP 621,976 1, John Laing 168,

12 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Jupiter Fund Management 503,972 2, Liontrust Asset Management 19, London Stock Exchange 380,222 9, Man 2,047,588 3, OneSavings Bank 53, Paragon 466,288 1, Provident Financial 176,988 5, Rathbone Brothers 51,162 1, Real Estate Credit Investments PCC 40, S&U 1, Schroders 141,205 4, SVG Capital 308,346 1, Tullett Prebon 258, INSURANCE (6.44%*) 146, Life Insurance Aviva 4,797,932 22, Chesnara 126, Hansard Global 37, Just Retirement 161, Legal & General 7,285,030 18, Old Mutual 6,020,392 11, Partnership Assurance 172, Phoenix 255,958 2, Prudential 3,106,185 44, St. James s Place 623,086 5, Standard Life 2,411,770 9, Non Life Insurance Admiral 240,893 3, Amlin 605,588 3, Beazley 655,457 2, Direct Line Insurance 1,776,525 6, esure 334, Hiscox 349,609 3, Jardine Lloyd Thompson 166,870 1, Lancashire 274,626 1, Novae 83, RSA Insurance 1,251,870 6, REAL ESTATE (2.68%*) 71, Real Estate Investment & Services Capital & Counties Properties 955,672 4, Capital & Regional 533, CLS 34, Countrywide 169, Daejan 5, Development Securities 146, F&C Commercial Property Trust 368, F&C UK Real Estate Investment 281, Foxtons 225, Grainger 440,287 1, Helical Bar 111, Kennedy Wilson Europe Real Estate 134,718 1, LSL Property Services 96, Macau Property Opportunities Fund 38, MedicX Fund 435, Mountview Estates Picton Property Income 650, Quintain Estates & Development 636, Raven Russia 496, Savills 162,576 1,

13 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Schroder Real Estate Investment Trust 624, St. Modwen Properties 170, Standard Life Investment Property Income Trust 283, UK Commercial Property Trust 663, Unite 195,238 1, Real Estate Investment Trusts Assura 803, Big Yellow 108, British Land 1,238,556 9, Custodian Reit 103, Derwent London 129,409 4, Great Portland Estates 416,853 3, Hammerson 971,558 5, Hansteen 683, Intu Properties 1,251,723 3, Land Securities 954,959 11, Londonmetric Property 750,947 1, McKay Securities 93, Mucklow (A & J) 57, Primary Health Properties 107, Redefine International 935, Safestore 169, Segro 898,019 3, Shaftesbury 384,428 3, Town Centre Securities 51, Tritax Big Box 758, Workspace 95, HEALTH CARE (8.87%*) 207, Health Care Equipment & Services Al Noor Hospitals 32, Cambian 52, Consort Medical 55, NMC Health 44, Smith & Nephew 1,092,287 12, Spire Healthcare 339,963 1, Synergy Health 76,781 1, UDG Healthcare 355,698 1, Pharmaceuticals & Biotechnology AstraZeneca 1,531,868 66, BTG 500,404 3, Circassia Pharmaceuticals 50, Dechra Pharmaceuticals 101,628 1, Genus 85,410 1, GlaxoSmithKline 5,901,623 76, Hikma Pharmaceuticals 169,615 4, Indivior 797,335 1, Oxford Biomedica 1,469, Shire 714,185 34, Skyepharma 60, Vectura 487, CONSTRUCTION & MATERIALS (0.94%*) 27, Construction & Materials Balfour Beatty 898,138 2, Costain 87, CRH 995,050 19, Galliford Try 77,320 1, Henry Boot 58, Keller 80, Kier 98,048 1,

14 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Low & Bonar 374, Marshalls 247, Morgan Sindall 39, Norcros 299, Polypipe 87, Tyman 180, Volution 37, INDUSTRIAL GOODS & SERVICES (9.51%*) 226, Aerospace & Defence BAE Systems 3,839,375 17, Chemring 290, Cobham 1,503,129 4, Meggitt 1,016,585 4, QinetiQ 722,292 1, Rolls-Royce 2,222,753 16, Senior 476,912 1, Ultra Electronics 87,348 1, Electronic & Electrical Equipment Dialight 17, E2V Technologies 163, Halma 455,082 3, HellermannTyton 253,136 1, Morgan Crucible 393,944 1, Oxford Instruments 61, Renishaw 45, Spectris 157,489 2, TT electronics 339, Xaar 85, XP Power 8, General Industrials British Polythene Industries 32, DS Smith 1,170,078 4, Rexam 884,614 4, RPC 257,580 1, Smiths 501,891 5, Vesuvius 313,072 1, Industrial Engineering Bodycote 228,745 1, Fenner 205, Goodwin 2, Hill & Smith 90, IMI 336,805 3, Melrose Industries 1,252,330 3, Porvair 22, Renold 108, Rotork 1,142,810 2, Severfield 335, Spirax-Sarco Engineering 99,980 3, Vitec 51, Weir 261,771 3, Industrial Transportation BBA Aviation 619,861 1, Braemar Shipping Services 24, Clarkson 16, James Fisher & Sons 62, Royal Mail 945,647 4, Stobart 312, UK Mail 27,

15 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Wincanton 148, Support Services Aggreko 303,999 3, Ashtead 626,879 6, Babcock International 618,934 5, Berendsen 209,253 2, Brammer 155, Bunzl 401,380 7, Capita 803,456 9, Carillion 569,970 1, Charles Taylor 64, Communisis 117, Connect 285, DCC 110,799 5, De La Rue 115, Diploma 142, Electrocomponents 533, Essentra 304,261 2, Exova 63, Experian 1,209,584 12, G4S 2,009,100 4, Grafton 271,452 1, Hays 1,824,615 2, Hogg Robinson 135, Homeserve 368,823 1, Howden Joinery 795,910 3, Interserve 141, Intertek 203,442 5, John Menzies 53, Lavendon 203, Mears 121, Michael Page International 419,749 2, Mitie 563,994 1, Northgate 179, PayPoint 63, Premier Farnell 501, Regus 908,058 2, Rentokil Initial 2,188,325 3, Ricardo 62, Robert Walters 105, RPS 264, Serco 1,355,010 1, Shanks 485, SIG 821,791 1, Speedy Hire 544, St. Ives 128, Sthree 129, Travis Perkins 314,448 6, Tribal 56, Vp 27, Wolseley 314,676 13, WS Atkins 128,406 1, Xchanging 298, OIL & GAS (11.46%*) 258, Oil & Gas Producers BG 4,149,809 41, BP 22,138,149 74, Cairn Energy 774,661 1, EnQuest 867, Exillon Energy 143,

16 Portfolio statement (continued) Market Value % of Net Security Holdings 000 Assets Nostrum Oil & Gas 29, Ophir Energy 789, Premier Oil 658, Royal Dutch Shell A Share Class 671,088 10, Royal Dutch Shell A Share Class (Dutch Listing) 4,042,437 66, Royal Dutch Shell B Share Class 2,964,387 48, Soco International 335, Tullow Oil 1,114,392 2, Oil Equipment, Services & Distribution AMEC 436,817 3, Cape 139, Gulf Marine Services 74, Hunting 190, John Wood 451,508 2, Lamprell 306, Petrofac 313,665 2, TECHNOLOGY (1.63%*) 38, Software & Computer Services Aveva 88,068 1, Computacenter 116, FDM 19, Fidessa 41, Innovation 1,219, Micro Focus International 162,623 2, NCC 262, RM 44, Sage 1,367,121 6, SDL 90, Servelec 39, Sophos 212, Telecity 245,393 2, Technology Hardware & Equipment ARM 1,728,911 16, Imagination Technologies 275, Laird 324,678 1, Pace 389,842 1, Sepura 104, Spirent Communications 907, TELECOMMUNICATIONS (4.97%*) 125, Fixed Line Telecommunications BT 10,159,317 42, Cable & Wireless Communications 3,702,662 2, KCOM 617, TalkTalk Telecom 759,311 2, Telecom Plus 63, Mobile Telecommunications Inmarsat 584,606 5, Vodafone 32,312,026 70, UTILITIES (3.54%*) 88, Electricity Drax 543,072 1, SSE 1,144,654 16, Gas, Water & Multiutilities Centrica 6,230,651 14, National Grid 4,577,974 38, Pennon 539,982 3, Severn Trent 296,803 6, United Utilities 847,156 7,

17 Portfolio statement (continued) DERIVATIVES (0.03%*) 192 Futures FTSE 100 Index Futures December , Investment assets 2,398, Total other assets (0.42%*) 16, Net assets 2,414, * Comparative figures shown in brackets relate to 15 March ** Unlisted and suspended securities. *** A related party of Virgin Money Unit Trust Managers Limited. Financial Derivative Instrument Risk Exposure The exposure obtained through financial derivative instruments and the identity of counterparties as at 15 September 2015 were as follows: Counterparty Value of Exposure 000 Goldman Sachs 192 Total

18 Top purchases and sales of investments Cost Purchases 000 HSBC 5,749 Lloyds Banking 5,122 Royal Bank of Scotland 3,700 AA 3,007 Auto Trader 2,663 Royal Dutch Shell A Share Class (Dutch Listing) 2,449 B&M European 2,343 XL 1,859 London Stock Exchange 1,665 Standard Chartered 1,630 Pets at Home 1,237 Spire Healthcare 1,205 Woodford Patient Capital Trust 1,099 Serco 970 Tritax Big Box 885 HICL Infrastructure 847 Card Factory 832 Wizz Air 800 Saga 781 Royal Mail 777 Other purchases 22,450 Total for the period 62,070 Major purchases are those that constitute the largest twenty of the total purchases for the period. Proceeds Sales 000 Royal Dutch Shell A Share Class (Dutch Listing) 5,179 Caltin 4,812 HSBC 4,591 South32 3,064 CSR 1,934 Reckitt Benckiser 1,684 International Consolidated Airlines 1,541 Standard Chartered 1,443 British American Tobacco 1,342 GlaxoSmithKline 1,321 SSE 1,263 Domino Printing Sciences 1,238 Rio Tinto 1,147 Reed Elsevier 1,092 BP 1,083 AstraZeneca 1,018 Rolls-Royce 958 WPP 950 Vodafone 870 Royal Dutch Shell B Share Class 817 Other sales 35,555 Total for the period 72,902 Major sales are those that constitute the largest twenty of the total sales for the period. 16

19 Statement of total return for the period ended 15 September 2015 (unaudited) 15/09/15 15/09/ Income Net capital (losses)/gains (193,188) 74,412 Revenue 57,007 49,685 Expenses (13,349) (13,174) Finance costs: Interest (1) Net revenue before taxation 43,657 36,511 Taxation (197) (255) Net revenue after taxation 43,460 36,256 Total return before distributions (149,728) 110,668 Finance costs: Distributions (43,460) (36,256) Change in unitholders funds from investment activities (193,188) 74,412 Statement of change in unitholders funds for the period ended 15 September 2015 (unaudited) 15/09/15 15/09/ Opening net assets attributable to unitholders 2,615,767 2,501,320 Movement due to creation and cancellation of units: Amounts receivable on issue of units 68,406 52,556 Less: Amounts payable on cancellation of units (76,191) (37,896) (7,785) 14,660 Change in unitholders funds from investment activities (see above) (193,188) 74,412 Unclaimed distributions 4 Closing net assets attributable to unitholders 2,414,794 2,590,396 Comparative information is provided for the Statements of change in net assets attributable to unitholders. Since this information is for the prior interim period, the net assets at the end of that period do not correspond to the net assets at the start of the current period. 17

20 Balance sheet 15/09/15 15/03/ Assets Investment assets 2,398,217 2,604,812 Debtors 21,550 17,410 Cash and bank balances 46,458 21,095 Total other assets 68,008 38,505 Total assets 2,466,225 2,643,317 Liabilities Creditors (8,016) (4,141) Distribution payable on income units (43,415) (23,409) Total other liabilities (51,431) (27,550) Total liabilities (51,431) (27,550) Net assets attributable to unitholders 2,414,794 2,615,767 Notes to the financial statements are on page

21 Notes to the financial statements for the period ended 15 September 2015 (unaudited) Accounting policies Basis of accounting The interim financial statements have been prepared on the same basis as the audited financial statements for the year ended 15 March They have been prepared under the historical cost basis, as modified by the revaluation of investments, and in accordance with the Statement of Recommended Practice (SORP) for Financial Statements of Authorised Funds issued by the Investment Association (IA), (formerly the Investment Management Association), in May 2014 (the IMA SORP 2014) and United Kingdom Generally Accepted Accounting Practice. Under the SORP guidelines adopted by the Trust, Complete Notes to the financial statements are not disclosed for the interim accounts. Complete Notes to the financial statements are available in the year end accounts. 19

22 Distribution tables for the period ended 15 September 2015 (unaudited) Distribution in pence per unit Interim distribution payable 13 November 2015 Group 1 Units purchased prior to 16 March 2015 Group 2 Units purchased between 16 March 2015 and 15 September 2015 Income Distribution Distribution Net payable paid income Equalisation 13/11/15 14/11/14 (p) (p) (p) (p) Group Group AE Income 1 Distribution Net payable income Equalisation 13/11/15 (p) (p) (p) Group Launched 2 April Corporate Tax A unitholder liable to corporation tax receives this distribution, excluding equalisation, as follows: Interim 100% of the dividend, together with the tax credit, is received as franked investment income. 20

23 Directors statement We approve the Report and Financial Statements of The Virgin UK Index Tracking Trust for the period ending 15 September 2015 on behalf of Virgin Money Unit Trust Managers Limited in accordance with the requirements of the Collective Investment Schemes Sourcebook. Darrell Evans Marian Watson Director Director 29 October

24 Management and professional services Manager and registrar Virgin Money Unit Trust Managers Limited Directors: D. Evans (appointed 22 June 2015) Jubilee House M. Parker (resigned 24 September 2015) Gosforth M. Watson Newcastle upon Tyne NE3 4PL Telephone ^ Compliance Officer: M. Watson Secretary: K. Marshall Authorised and regulated by the Financial Conduct Authority. Investment advisers State Street Global Advisors Limited 20 Churchill Place Canary Wharf London E14 5HJ Authorised and regulated by the Financial Conduct Authority. Trustee Citibank International Limited Citigroup Centre Canada Square Canary Wharf London E14 5LB Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Independent auditors KPMG LLP Saltire Court 20 Castle Terrace Edinburgh EH1 2EG ^ Calls use inclusive minutes if available as part of your phone package. If not, they cost no more than a national rate call to an 01 or 02 number. Calls may be monitored and recorded. 22

25 Virgin Money Unit Trust Managers Limited Authorised and regulated by the Financial Conduct Authority. Registered office: Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL Registered in England no MR

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