Bromford 48 Regulatory News (42RA)

Bromford Housing Group Limited

21 October 2020

Amendments to the £50,000,000 2.554 per cent. Guaranteed Secured Bonds due 2054 (the Bonds) of Bromford Housing Group Limited (the Issuer)

The sole holder of the Bonds has, by way of written Extraordinary Resolution, today approved, sanctioned and assented to amendments to the Conditions of the Bonds and the Transaction Documents:

(a) to permit the Issuer to immediately repurchase further Bonds issued pursuant to Condition 19 (Further Issues) and hold these for later sale to third party investors (any such Bonds, the Retained Bonds);

(b) to permit the entry by the Issuer into a retained bond custody agreement for the purpose of appointing a custodian to hold the Retained Bonds on its behalf and to waive its right to receive interest and principal in respect thereof;

(c) to amend the Asset Cover Test to exclude, for the purpose of determining the principal amount of the Bonds outstanding, the principal amount of any Retained Bonds then held by the Issuer;

(d) to amend the repayment profile of the Bonds to provide for them to be redeemed in three instalments as follows:

; and

(e) to rename the Bonds the "2.554 per cent. Guaranteed Secured Bonds due 2056".

The Issuer intends to issue a further £200,000,000 in principal amount of Bonds pursuant to Condition 19 (Further Issues) (the New Bonds) on or around 28 October 2020 and the written Extraordinary Resolution shall take effect, and the modifications referred above will be implemented, immediately prior to the issue of the New Bonds.

Terms used but not otherwise defined in this Notice shall have the meanings given to them in the Conditions of the Bonds.

For further information, please contact:

Imran Mubeen

Bromford Housing Group Limited

1 Exchange Court

Brabourne Avenue

Wolverhampton Business Park

Wolverhampton WV10 6AU

imran.mubeen@bromford.co.uk