Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 114

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 114
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#### Material U.K. Tax Considerations
The following is intended as a general guide to current U.K. tax law and HM Revenue & Customs, or HMRC, practice applying as at the date of this prospectus supplement (both of which are subject to change at any time, possibly with retrospective effect) and sets out certain specific U.K. tax matters relating to holding the notes and (following conversion) ADSs. It does not constitute legal or tax advice and does not purport to be a complete analysis of all U.K. tax considerations relating to the holding of notes or ADSs, or all of the circumstances in which holders of notes or ADSs may benefit from an exemption or relief from U.K. taxation. More specifically, this guide relates only to the U.K. withholding tax treatment of interest payable on the notes, and dividends on the ADSs, and certain aspects of the U.K. stamp duty and stamp duty reserve tax (“SDRT”) treatment of the issue and transfer of the notes, and (upon conversion) the issue and transfer of ADSs (and the underlying ordinary shares). It also provides some brief guidance concerning the expected U.K. direct tax treatment of holding the notes and ADSs for investors that are not resident for tax purposes in the U.K. This guide does not deal with any other U.K. tax implications of acquiring, holding or disposing of notes or ADSs (including on the conversion of the notes), and relates only to the position of investors who are the absolute beneficial owners of the notes and ADSs. It does not necessarily apply to certain classes of person (such as dealers) or where the income is deemed for tax purposes to be the income of any other person.

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#### TABLE OF CONTENTS
**THESE PARAGRAPHS ARE A SUMMARY OF CERTAIN U.K. TAX CONSIDERATIONS AND ARE INTENDED AS A GENERAL GUIDE ONLY. IT IS RECOMMENDED THAT ALL HOLDERS OF NOTES OR ADSs OBTAIN ADVICE AS TO THE CONSEQUENCES OF THE ACQUISITION, OWNERSHIP AND DISPOSAL OF THE NOTES OR ADSs (INCLUDING ON THE CONVERSION OF THE NOTES) IN THEIR OWN SPECIFIC CIRCUMSTANCES FROM THEIR OWN TAX ADVISORS. IN PARTICULAR, NON-U.K. RESIDENT OR DOMICILED PERSONS ARE ADVISED TO CONSIDER THE POTENTIAL IMPACT OF ANY RELEVANT DOUBLE TAXATION AGREEMENTS.

In particular, except as expressly set