Director/PDMR Shareholding

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with the PDMRs

The Company notifies that following completion of the combination between the Company and Charter Court Financial Services (CCFS) the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the PDMRs.

(i)            Beneficial holdings

Directors	Number of Shares held
Sir George Malcolm Williamson	71,764
Rajan Kapoor	8,970
Ian Ward	35,882
Other PDMRs
Alan Cleary	1,517,157
Peter Elcock	74,291
John Nixon	1,758,480
Paul Whitlock	76,099

(ii)           Awards

The Company granted awards under the Mirror Performance Share Plan. The number of shares awarded was calculated using the following formula:

(N*I)*0.8253

Where N is the number of CCFS shares that were subject to the corresponding PSP Award and I is the inverse of the time-based pro rata vesting proportion applied at the Sanction Date.

The PSP awards are based on a mixture of internal financial performance targets and relative total shareholder return on the same terms as the equivalent awards made by the Company in the relevant year. Clawback and malus provisions apply to these Awards and they will be subject to a two year retention period post vesting.

Name	Number of Awards granted
PDMR	2018 PSP	2019 PSP	Total
Alan Cleary	30,822	70,226	101,048
Peter Elcock	30,822	70,226	101,048
John Nixon	30,822	70,226	101,048
Paul Whitlock	13,801	33,745	47,546

(iii)          Roll over sharesave options

Some sharesave options over CCFS shares have also been rolled over to the Company.

Name	Number of roll over options granted
PDMR	2017 Sharesave
Alan Cleary	7,944
Peter Elcock	7,944
John Nixon	7,944
Paul Whitlock	7,944

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Sir George Malcolm Williamson

2 - Reason for the notification

Position/status	Chairman
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		71,764		0.00
			Aggregated	£0.00		71,764		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Rajan Kapoor

2 - Reason for the notification

Position/status	Non-Executive Director
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		8,970		0.00
			Aggregated	£0.00		8,970		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Ian Ward

2 - Reason for the notification

Position/status	Non-Executive Director
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		35,882		0.00
			Aggregated	£0.00		35,882		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Alan Cleary

2 - Reason for the notification

Position/status	Group Managing Director, Mortgages
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		1,626,149		0.00
			Aggregated	£0.00		1,626,149		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Peter Elcock

2 - Reason for the notification

Position/status	Chief Risk Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		183,283		0.00
			Aggregated	£0.00		183,283		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	John Nixon

2 - Reason for the notification

Position/status	Chief Operating Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		1,867,472		0.00
			Aggregated	£0.00		1,867,472		0.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Paul Whitlock

2 - Reason for the notification

Position/status	Executive Director, Savings
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OneSavings Bank plc
Legal Entity Identifier code	213800WTQKOQI8ELD692

4 - Details of the transaction(s)

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	4 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£0.00		131,589		0.00
			Aggregated	£0.00		131,589		0.00

Enquiries:

OneSavings Bank plc
Nickesha Graham-Burrell,                                               t: 01634 835 796
Head of Company Secretariat   

Brunswick                                                       
Robin Wrench / Simone Selzer                                        t:  020 7404 5959

Notes to Editors

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.