REG-OSB GROUP PLC - Share Repurchase Programme

OsbAnnouncement

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LEI: 213800ZBKL9BHSL2K459
Date: 5 March 2026

OSB GROUP PLC
(the Company or the Group)

Share repurchase programme

The Group announces that, as outlined in the announcement of its full year
results for the year ended 31 December 2025 on 5 March 2026, it intends to
commence on 6 March 2026, a share repurchase programme to return up to £100
million to shareholders (the Share Repurchase Programme). The Share
Repurchase Programme aligns with the Group’s stated commitment to return
excess capital to its shareholders.

The Company has entered into a non-discretionary agreement (the Agreement)
with Jefferies International Limited (Jefferies) to undertake the Share
Repurchase Programme on its behalf by making market purchases, as riskless
principal, of the Company’s ordinary shares of one pence each (the Ordinary
Shares) on the London Stock Exchange or another recognised investment
exchange(1). Jefferies shall make trading decisions under the Share Repurchase
Programme independently of the Company, subject to certain parameters agreed
between Jefferies and the Company prior to the commencement of the Share
Repurchase Programme and to the Company’s right to terminate the Agreement
in certain limited circumstances. Jefferies will continue to operate the Share
Repurchase Programme during any closed period.

Ordinary Shares acquired by Jefferies under the Agreement will be sold on to
the Company. It is the Company’s present intention for such repurchased
Ordinary Shares to be cancelled. The purpose of the Share Repurchase Programme
is therefore to reduce the Company’s share capital. The maximum number of
Ordinary Shares to be acquired under the Share Repurchase Programme is
37,035,134 (being the number of Ordinary Shares the Company is authorised to
repurchase under the Company’s general authority to repurchase Ordinary
Shares granted by its shareholders at the Annual General Meeting on 8 May 2025
(the 2025 Authority).

The Share Repurchase Programme is expected to complete no later than 6
March 2027.

Any purchase of Ordinary Shares contemplated by this announcement will be
executed in accordance with the 2025 Authority, the Market Abuse Regulation
596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as
incorporated into UK domestic law by the European Union (Withdrawal) Act
2018), and Chapter 9 of the Financial Conduct Authority's Listing Rules.

Any repurchase of Ordinary Shares will be announced no later than 7.30 a.m. on
the business day following the calendar day on which the repurchase occurred.

(1)CBOE BXE, CBOE CXE and Aquis Exchange.

Enquiries:
Jason Elphick
Group General Counsel and Company Secretary
t: 01634 835 796

Investor relations
Alexander Holcroft
Group Director of Investor Relations
t: 01634 838 973

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

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