Statement re (credit rating upgrade)

31 October 2018

Announcement of credit rating upgrade relating to WM Housing Group

Moody's Public Sector Europe ("MPSE") have today issued a press release regarding the upgrading of the issuer rating of WM Housing Group Ltd to A2 from A3, with a stable outlook. Concurrently, MPSE have upgraded the ratings on subsidiaries WM Treasury Plc and WM Treasury 2 Plc, from A3 to A2 with stable outlook.

A link to the press release on Moody's website is below:

https://www.moodys.com/research/Moodys-upgrades-WM-Housing-Group-to-A2-outlook-stable--PR_390436

The published credit opinion will be available via Moody's own website and via WM Housing Group's website later today.

This announcement contains inside information and has been made by Stuart Kellas, Group Chief Financial Officer, on behalf of WM Treasury plc and WM Treasury 2 plc.

For further information please contact:

WM Housing Group

Stuart Kellas

4040 Lakeside

Solihull Parkway

Birmingham Business Park

B37 7YN

Telephone: +44 (0)121 329 0314

Email: stuart.kellas@wmhousing.co.uk