OneSavings Bank plc : Result of AGM

9 May 2019

OneSavings Bank plc

(the `Company`)

Results of Annual General Meeting (AGM)

Results of AGM

Results of the proxy voting for the 2019 AGM held on Thursday, 9 May 2019.

All resolutions were passed by the requisite majority on a poll; resolutions 1 to 9 as ordinary resolutions and resolutions 10 to 14 as special resolutions.

The following proxy votes were cast in respect of the AGM resolutions:

Ordinary Resolutions		Total votes For	%	Total votes Against	%	Total votes cast	% of issued share capital	Votes withheld
1	To receive the Report and Accounts	202,506,602	99.99	16,379	0.01	202,522,981	82.61%	287,136
2	To approve the Remuneration Report	184,483,824	91.42	17,322,608	8.58	201,806,432	82.32%	1,003,684
3	To declare a dividend	202,810,118	100.00	0	0.00	202,810,118	82.73%	0
4(a)	To elect Sarah Hedger	202,804,521	100.00	2,742	0.00	202,807,263	82.73%	2,855
4(b)	To re-elect John Graham Allatt	202,803,833	100.00	3,430	0.00	202,807,263	82.73%	2,855
4(c)	To re-elect Eric Anstee	202,800,830	100.00	1,473	0.00	202,802,303	82.72%	7,815
4(d)	To re-elect Rodney Duke	193,388,421	95.36	9,418,842	4.64	202,807,263	82.73%	2,855
4(e)	To re-elect Margaret Hassall	202,804,286	100.00	2,977	0.00	202,807,263	82.73%	2,855
4(f)	To re-elect Mary McNamara	185,527,886	91.49	17,257,026	8.51	202,784,912	82.72%	25,205
4(g)	To elect David Weymouth	192,646,212	95.00	10,147,873	5.00	202,794,085	82.72%	16,033
4(h)	To re-elect Andrew Golding	202,254,286	100.00	2,977	0.00	202,257,263	82.50%	552,855
4(i)	To re-elect April Talintyre	201,338,661	99.43	1,148,256	0.57	202,486,917	82.60%	323,201
5	To appoint Deloitte LLP as Auditor	202,783,106	99.99	24,157	0.01	202,807,263	82.73%	2,855
6	To give authority to the Audit Committee to agree the Auditor`s remuneration	202,805,630	100.00	3,488	0.00	202,809,118	82.73%	1,000
7	To give authority to allot shares (general authority)	199,787,641	98.51	3,019,622	1.49	202,807,263	82.73%	2,855
8	To give authority to allot shares - Regulatory Capital Convertible Instruments	201,959,165	99.58	848,097	0.42	202,807,262	82.73%	2,855
9	To give authority to make political donations	193,071,382	95.20	9,738,136	4.80	202,809,518	82.73%	600
Special Resolutions
10	To give authority to disapply pre-emption rights	202,782,246	99.99	25,017	0.01	202,807,263	82.73%	2,855
11	To give authority to disapply pre-emption rights (acquisitions and specified capital investments)	196,946,383	97.11	5,860,879	2.89	202,807,262	82.73%	2,855
12	To give authority to disapply pre-emption rights - Regulatory Capital Convertible Instruments	201,934,061	99.57	873,201	0.43	202,807,262	82.73%	2,855
13	To give authority to re-purchase shares	201,976,333	99.61	798,838	0.39	202,775,171	82.71%	34,946
14	To authorise the convening of a general meeting other than an AGM on not less than 14 clear days` notice	199,008,011	98.13	3,802,107	1.87	202,810,118	82.73%	0

NOTES:
1. `Total Votes For` include votes recorded as at the discretion of the appointed proxy.
2. The `vote withheld` option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote `For` and `Against` a resolution.
3. At the date of the AGM the issued share capital of the Company was 245,155,033 ordinary shares.
4. The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website www.osb.co.uk

Copies of the special business resolutions passed at the AGM have been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority`s National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/NSM

The announcement date for the trading update date will be aligned with the publication of the OSB circular and prospectus relating to the proposed combination with Charter Court Financial Services Group plc.

Enquiries:

OneSavings Bank plc

Nickesha Graham-Burrell

Head of Company Secretariat

t: 01634 835 796

Brunswick Group

Robin Wrench/Simone Selzer

t: 020 7404 5959

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 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 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 Term Funding Scheme.

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This announcement is distributed by West Corporation on behalf of West Corporation 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
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