REG-OneSavings Bank plc : Directorate change <Origin Href="QuoteRef">OSBO.L</Origin>

OsbAnnouncement

05/12/2017 14:10

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5 December 2017 
  LEI: 213800WTQKOQI8ELD692

OneSavings Bank plc

OneSavings Bank ("OSB") announces the resignation of Tim Hanford,
Non-Executive Director

Highlights

OneSavings Bank announces today that Mr Tim Hanford has tendered his
resignation from the Board effective 31 December 2017, after nearly seven
years as a Non-Executive Director of the Company, to focus on his other
business interests. Tim joined the Board in February 2011 and is a member of
the Nomination and Governance Committee.

OSB Chief Executive, Andy Golding said:

"I would like to thank Tim for the enormous contribution he has made to the
success of OneSavings Bank and for his personal support over the last six
years. Tim has been a member of the Board since OSB was created and has been a
huge strategic influence on the Bank's outstanding journey to become the
respected specialist lender and established FTSE 250 company that it is today.
He will be missed and I wish him well in the future."

Tim Hanford said:

"OSB has been an extraordinary success story. It has been a pleasure to have
been part of the development of the Bank from a struggling building society
into the dynamic specialist that it is today. I leave OSB confident in its
future, with an excellent management team and a strong Board to guide its
development. Working with Andy and his talented colleagues has been a great
privilege. I now wish them all the very best in continuing to build on their
successes to date."

Enquiries:

OneSavings Bank plc

Alastair Pate t: 01634 838 973

Brunswick Group

Robin Wrench / Simone Selzer t: 020 7404 5959

This announcement contains inside information

Notes

For the purposes of section 430 (2B) of the Companies Act 2006 no payment for
loss of office will be made to Mr Hanford.

About OneSavings Bank plc

OneSavings Bank plc 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. OSB is a specialist lending and
retail savings group authorised by the Prudential Regulation Authority, part
of the Bank of England, and regulated by the Financial Conduct Authority and
Prudential Regulation Authority.

OSB primarily targets underserved 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 and secured funding lines. OSB originates
organically through specialist brokers and independent financial advisers. 
It is differentiated through its use of high 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 access to a securitisation programme; and the
Funding for Lending Scheme and Term Funding Scheme, which OSB joined in 2014
and 2016, respectively.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: OneSavings Bank plc via Globenewswire