Update in relation to the Group’s MREL requirements

Core Viewpoint - OSB Group PLC is preparing for changes in its Minimum Requirements for Own Funds and Eligible Liabilities (MREL) regime, effective from January 1, 2026, as notified by the Bank of England [4][5]. Group's MREL Requirements - The Group's MREL will be equal to the minimum capital requirements, which include Pillar 1 and Pillar 2A capital requirements set by the Prudential Regulation Authority (PRA) [5]. Company Overview - OSB Group PLC, trading as OneSavings Bank, began operations on February 1, 2011, and was listed on the London Stock Exchange in June 2014, joining the FTSE 250 index in June 2015 [7]. - The Group provides specialist lending and retail savings, regulated by the Financial Conduct Authority and the Prudential Regulation Authority [7]. Business Segments - OSB primarily targets high-growth market sub-sectors, including Buy-to-Let, commercial mortgages, and bespoke residential lending, utilizing a skilled underwriting process [8][9]. - Charter Court Financial Services Group (CCFS) focuses on Buy-to-Let and specialist residential mortgages, leveraging automated technology for efficient processing and risk management [11][12]. Funding Sources - OSB is mainly funded by retail savings through the Kent Reliance brand, with additional funding from securitisation programmes and the Bank of England's Term Funding Scheme [10]. - CCFS is predominantly funded by retail savings from its Charter Savings Bank brand, also utilizing securitisation and the Bank of England's funding schemes [13].