Director/PDMR Shareholding

LEI: 213800WTQKOQI8ELD692

OneSavings Bank plc
(the Company)

Notification of Transactions of a Person Discharging Managerial Responsibilities (PDMR)

The Company notifies the following:

• changes in the interests in the ordinary shares of £0.01 each of the Company of a PDMR, at a price of £2.40 each, arising from the exercise of the 2016 3 Year Sharesave Scheme
   
• the cancellation of options over ordinary shares of £0.01 each of the Company by a PDMR, at a price of £3.3451 each, relating to the 2018 3 Year Sharesave Scheme.

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

Richard Wilson

2 - Reason for the notification

Position/status	Group Chief Credit 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
	23 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		outside a trading venue		GBP – British Pound
	Nature of Transaction:   Exercise of Options			Price		Volume		Total
				£2.40		4,500		£10,800
			Aggregated	£2.40		4,500		£10,800

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

Name of natural person

Jason Elphick

2 - Reason for the notification

Position/status	Group General Counsel and Company Secretary
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
	18 October 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Cancellation of Options			Price		Volume		Total
				£3.3451		1,076		£3,599.33
			Aggregated	£3.3451		1,076		£3,599.33

Enquiries:

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

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.