REG-Appointment of CEO

OsbAnnouncement

20/02/2026 16:00

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20 February 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

OSB GROUP PLC

Appointment of CEO

OSB GROUP PLC (“OSBG” or the “Group”) is very pleased to announce the
appointment of Enrique Alvarez Labiano as Chief Executive Officer (CEO),
subject to regulatory approval, with effect from a date to be agreed.   This
appointment follows a comprehensive search process conducted by the Board,
facilitated by a global executive search firm and managed by David Weymouth,
Chair, which considered both internal and external candidates.

Enrique is CEO of Retail and Business Banking and an Executive Director of
Santander UK plc and Santander UK Group Holdings plc. He joined Santander
Group in 2015, progressing through senior strategy roles, including Group Head
of Strategy and Chief of Staff to the Executive Chair, during which he also
led the Group’s Insurance Business and Responsible Banking. Moving to the UK
in 2019, he became Head of Strategy and Corporate Development before serving
as Chief People Officer (2020) and Head of Everyday Banking (2021). He has
been CEO of Retail and Business Banking since 2023 and joined the Santander UK
Board in February 2025. Earlier in his career, he worked as Partner at
McKinsey & Company (2007–2015). He holds an MEng from ICAI, Pontificia
Comillas University, and an MBA from INSEAD.

Enrique will succeed Andy Golding, whose intention to retire was announced on
13 November 2025.

A further announcement will be made in due course regarding the date on which
Enrique will join OSBG.

David Weymouth, Chairman of OSBG, said: “Enrique brings compelling strategic
vision having extensive experience leading group-level strategy at Santander.
His strong track record in retail and business banking, together with his
excellent leadership experience will be instrumental in building on the
strengths of the existing management team, and I look forward to welcoming him
to OSBG”.

Enrique Alvarez Labiano said: “I am honoured to have been chosen to lead
OSBG, a Company with a clear commitment to its customers. I look forward to
working with colleagues across the organisation to build on the strong
foundations and strategy already in place and to continue supporting
customers, communities and shareholders.”

Andy will continue as a Board director and Group CEO until Enrique joins OSBG
and, alongside the Board and the experienced executive team, will continue to
focus on delivering the Group’s strategy, including the 2026 financial
guidance and medium-term aspirations, set out at the Investor Update in March
2025.

Andy Golding, CEO of OSBG, said: “Enrique will be warmly welcomed at OSBG
and will be supported by a highly committed and experienced team across the
Group as it continues to deliver on its purpose.  I wish him every success as
he takes the business forward.”

There are no other matters to be disclosed under LR 6.4.8R in relation to
Enrique Alvarez Labiano’s appointment. As previously announced, a statement
concerning particulars of Andy Golding’s remuneration payments in accordance
with section 430(2B) of the Companies Act 2006 will be made available on
OSBG’s website in due course.

Enquiries:

OSB GROUP PLC

Investor relations

Alexander
Holcroft                                                t:
01634 838 973

                                                                Email:
osbrelations@osb.co.uk

Brunswick Group
Robin Wrench/Simone Selzer
                                        t:
020 7404 5959

The person responsible for arranging release of this announcement is Jason
Elphick, Group General Counsel and Company Secretary.

Notes to Editors

About OSB GROUP PLC

OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and was
admitted to the main market of the London Stock Exchange in June 2014 (OSB.L).
OSB joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired
Charter Court Financial Services Group plc (CCFS) and its subsidiary
businesses. On 30 November 2020, OSB GROUP PLC became the listed entity and
holding company for the OSB Group. The Group provides specialist lending and
retail savings and is authorised by the Prudential Regulation Authority, part
of the Bank of England, and regulated by the Financial Conduct Authority and
Prudential Regulation Authority. The Group reports under two segments,
OneSavings Bank and Charter Court Financial Services.

OneSavings Bank (OSB)

OSB primarily targets market sub-sectors that offer high growth potential and
attractive risk-adjusted returns in which it can take a leading position and
where it has established expertise, platforms and capabilities. These include
private rented sector Buy-to-Let, commercial and semi-commercial mortgages,
residential development finance, bespoke and specialist residential lending,
secured funding lines and asset finance.

OSB originates mortgages organically via specialist brokers and independent
financial advisers through its specialist brands including Rely, Kent Reliance
for Intermediaries and InterBay Commercial. It is differentiated through its
use of highly skilled, bespoke underwriting and efficient operating model.

OSB is predominantly funded by retail savings originated through the
long-established Kent Reliance name, which includes online and postal channels
as well as a network of branches in the South East of England. Diversification
of funding is currently provided by securitisation programmes and the Bank of
England’s lending facilities.

Charter Court Financial Services Group (CCFS)

CCFS focuses on providing Buy-to-Let and specialist residential mortgages,
mortgage servicing, administration and retail savings products. It operates
through its brands: Precise Mortgages and Charter Savings Bank.

It is differentiated through risk management expertise and best-of-breed
automated technology and systems, ensuring efficient processing, strong credit
and collateral risk control and speed of product development and innovation.
These factors have enabled strong balance sheet growth whilst maintaining high
credit quality mortgage assets.

CCFS is predominantly funded by retail savings originated through its Charter
Savings Bank brand. Diversification of funding is currently provided by
securitisation programmes and the Bank of England’s lending facilities