OneSavings Bank plc - redemption by the Company of £15,000,000 Perpetual Subordinated Bonds

The Company has today posted a notice to the holders of the Bonds informing them that it will fully redeem the outstanding Bonds on 27 August 2024 (the “Redemption Date”) in accordance with the terms and conditions of the Bonds (the “Conditions”) (the “Notice”). The Bonds will be redeemed at 100 per cent. of their principal amount together with accrued interest. Pursuant to the Conditions, the Notice will be deemed to have been given to all Bondholders on 4 July 2024.

Following redemption, the Bonds will be cancelled pursuant to the Conditions. Accordingly, the listing of the Bonds on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Main Market of the London Stock Exchange will be cancelled on, or shortly after, 29 August 2024.