Onesav. Fix Sub Regulatory News (1SBA)

Date: 28 April 2012

On behalf of: OneSavings Bank plc

OneSavings Bank plc

Appointments

·; Finance Director

·; Chief Risk Officer

·; Operations Director

·; Sales and Marketing Director

The Board of OneSavings Bank plc, the mutual Bank, is pleased to announce that it has appointed April Talintyre to the Board as Finance Director, along with three other key executive management appointments following the arrival of the Bank's new Chief Executive, Andy Golding, in January 2012.

April's appointment was effective from 25 June 2012 following FSA approval. Prior to joining the Bank, she worked for Goldman Sachs International for over 16 years, most recently as an Executive Director in the Rothesay Life pensions insurance business and prior to that as an Executive Director in the Controllers division in London and New York. April began her career at KPMG in a general audit department and has been a member of the Institute of Chartered Accountants in England and Wales since 1992.

Jens Bech has been appointed Chief Risk Officer and joins OneSavings Bank from the Asset Protection Agency (APA), an executive arm of HM Treasury, where he held the position of Chief Risk Officer. Prior to the APA, Jens spent nearly a decade at management consultancy Oliver Wyman where he advised a global portfolio of financial services firms and supervisors on strategy and risk management. During his time at Oliver Wyman, Jens led numerous assignments including Oliver Wyman's support of Iceland during the financial crisis.

David Jervis has been appointed Operations Director. He joined OneSavings Bank following a 21 year career at Norwich and Peterborough Building Society where his last role was as Operations Director. He was appointed to the Norwich and Peterborough Board in August 2006 and left in July 2011 to set up his own Financial Services consultancy. Prior to his time at Norwich and Peterborough, David served eight years at Barclays Bank in a range of operational roles.

John Eastgate joined on the 25th June as the Sales and Marketing Director, a role he has formerly performed at the Saffron Building Society. John was at the Saffron for over 4 years and prior to that had a 5 year career at Experian across a number of roles.

Commenting on the appointments, Andy Golding, OneSavings Bank plc's Chief Executive, said:

"We are delighted to have attracted such high calibre executives to join the Bank's management team. We have now completed the recruitment programme to replace interim positions with permanent executives; these appointments reflect the significant confidence we have in the business and our opportunity to build a truly connected banking business based on our mutual roots.

"We are making strong progress with our strategy of providing value for money for our members and customers through the Kent Reliance brand and continue to explore opportunities to expand our offering both internally and through external acquisitions."

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Enquiries:

About OneSavings Bank plc

·; Kent Reliance, krbs.com, Jersey Home Loans and Guernsey Home Loans are all trading names of OneSavings Bank plc. The Bank originates from mutual roots and has operated for over 150 years. Today it operates as a hybrid modern mutual bank, with core values in terms of treating its customers fairly and offering long term sustainable value for money, but with the capital advantages of a bank.

·; OneSavings Bank plc is registered at Reliance House, Sun Pier, Chatham, Kent (registered number 7312896) and is authorised and regulated by the Financial Services Authority (registered number 530504).

·; OneSavings Bank plc is a member of the Financial Services Compensation Scheme.

·; OneSavings Bank plc was formed as Sevco 5067 Limited on 13 July 2010; it changed its name to OneSavings Limited on 3 August 2010 and was converted to OneSavings plc on 8 October 2010 and became OneSavings Bank plc on 1 February 2011 and, following confirmation by the members of Kent Reliance Building Society (KRBS) and the Financial Services Authority (FSA), began trading as a bank on this date when the trade and assets of KRBS were transferred into the business.