£150 million Fixed Rate Reset Perpetual Subordinated Contingent Convertible Securities Publication of Offering Memorandum

Company Overview - OSB Group PLC, originally OneSavings Bank plc, began trading as a bank on 1 February 2011 and was admitted to the London Stock Exchange in June 2014 [8] - The company joined the FTSE 250 index in June 2015 and became the listed entity and holding company for the OSB Group on 30 November 2020 [8] - OSB Group provides specialist lending and retail savings, authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority [8] Business Segments - OSB operates under two segments: OneSavings Bank and Charter Court Financial Services [8] - OneSavings Bank primarily targets high growth potential market sub-sectors, including Buy-to-Let, commercial mortgages, and bespoke residential lending [9] - Charter Court Financial Services focuses on Buy-to-Let and specialist residential mortgages, mortgage servicing, and retail savings products [12] Funding and Operations - OSB is predominantly funded by retail savings through the Kent Reliance brand, utilizing both online and branch channels [11] - The company also diversifies funding through securitisation programmes and the Bank of England's lending facilities [11][14] - Charter Court Financial Services is similarly funded by retail savings through its Charter Savings Bank brand, with additional funding diversification [14] Recent Financial Instrument - OSB Group has published an offering memorandum for the issuance of £150 million Fixed Rate Reset Perpetual Subordinated Contingent Convertible Securities at an initial fixed interest rate of 7.750% per annum [2]