Director/PDMR Shareholding

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

The Company notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of PDMRs as follows:

(i)             Vestings

Awards vested under the Deferred Share Bonus Plan (DSBP) on 18 December 2019. A sufficient number of shares were sold to satisfy the tax liability for each individual and those who had already met their shareholding guideline requirements sold all of their vested shares.

Name	Number of Shares disposed
Jens Bech	21,061
Richard Davis	26,009
Jason Elphick	16,536
Hasan Kazmi	17,478
Clive Kornitzer	44,186
Lisa Odendaal	10,745
Richard Wilson	27,394

(ii)            Other Disposals

Name	Number of Shares disposed
Alan Cleary	500,000
Peter Elcock	74,291

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

Jens Bech

2 - Reason for the notification

Position/status	Group Commercial 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
	18 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.17635		21,061		£87,958.11
			Aggregated	£4.17635		21,061		£87,958.11

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

Name of natural person

Richard Davis

2 - Reason for the notification

Position/status	Chief Information 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
	18 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.17635		26,009		£108,622.69
			Aggregated	£4.17635		26,009		£108,622.69

  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 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
Nature of Transaction:  Disposal			Price		Volume		Total
			£4.17635		16,536		£69,060.12
		Aggregated	£4.17635		16,536		£69,060.12

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

Name of natural person

Hasan Kazmi

2 - Reason for the notification

Position/status	Chief Risk Officer, OSB
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 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
Nature of Transaction:  Disposal			Price		Volume		Total
			£4.17635		17,478		£72,994.25
		Aggregated	£4.17635		17,478		£72,994.25

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

Name of natural person

Clive Kornitzer

2 - Reason for the notification

Position/status	Group 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
	18 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.17635		44,186		£184,536.20
			Aggregated	£4.17635		44,186		£184,536.20

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

Name of natural person

Lisa Odendaal

2 - Reason for the notification

Position/status	Chief Internal Auditor
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 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
Nature of Transaction:  Disposal			Price		Volume		Total
			£4.17635		10,745		£44,874.88
		Aggregated	£4.17635		10,745		£44,874.88

  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
	18 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.17635		27,394		£114,406.93
			Aggregated	£4.17635		27,394		£114,406.93

  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)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	19 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.267428		500,000		£2,133,714.00
			Aggregated	£4.267428		500,000		£2,133,714.00

  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, CCFS
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 December 2019	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP – British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£4.15		74,291		£308,307.65
			Aggregated	£4.15		74,291		£308,307.65

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 (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. 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.The Bank acquired Charter Court Financial Services Group Plc (CCFS) and its subsidiary businesses on 4 October 2019.

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, and through its Charter Savings Bank brand. Diversification of funding is provided by securitisation programmes, the Term Funding Scheme and the Bank of England Index Long-Term Repo operation.