One Heritage Group plc (OHG) One Heritage Group plc: Signing of a Relationship Agreement with majority shareholder 29-Jun-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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29 June 2022

ONE HERITAGE GROUP PLC

(the "Company" or "One Heritage")

Signing of a Relationship Agreement with majority shareholder

One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is pleased to announce that it has signed an agreement with One Heritage Property Development Limited ("OHPD") that sets out the formal relationship between OHPD and the Company (the "Relationship Agreement"). The Board keeps corporate governance under continuous review and the signing of the Relationship Agreement was undertaken as a result of the Board's ongoing commitment to continually improve the corporate governance in the Company.

OHPD is the Company's majority shareholder, holding 63.8% of the issued share capital in the Company. It also shares a common director in Yiu Tak (Peter) Cheung and provides One Heritage with a GBP7.5 million loan facility. The Relationship Agreement ensures that One Heritage continues to operate independently of OHPD and that any transactions between OHPD and One Heritage will be on normal commercial and arm's length terms.

OHPD has agreed that the Board of One Heritage will always be required to contain at least two Independent Directors, one of whom will be Chair. OHPD further agrees that its Nominated Director will not be permitted to exercise the voting rights of OHPD in respect of certain matters. These matters are set out in the Relationship Agreement. In relation to such matters the quorum of the Board will require at least two Independent Directors and exclude the Nominated Director.

The Relationship Agreement, which contains the Schedule of Matters Reserved for the Board in this respect, is available via the Company's website at https://www.oneheritageplc.com/

Contacts

One Heritage Group plc

Jason Upton

Chief Executive Officer

Email: jason.upton@one-heritage.com

Luke Piggin

Finance Director

Email: luke.piggin@one-heritage.com

Hybridan LLP (Financial Adviser and Broker)

Claire Louise Noyce

Email: claire.noyce@hybridan.com

Tel: +44 (0)203 764 2341

About One Heritage Group

One Heritage Group PLC is a property development and management company. It focuses on the residential sector primarily in the North of England, seeking out value and maximising opportunities for our investors. In 2020 One Heritage Group PLC became one of the first publicly listed residential developers with a focus on co-living.

The Company is listed on the Standard List of the Main Market of the London Stock Exchange, trading under the ticker OHG.

For further information, please visit the Company's website at https://www.oneheritageplc.com/

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ISIN:           GB00BLF79495 
Category Code:  UPD 
TIDM:           OHG 
LEI Code:       2138008ZZUCCE4UZHY23 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   171258 
EQS News ID:    1385917 
 
End of Announcement  EQS News Service 
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June 29, 2022 02:00 ET (06:00 GMT)

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