One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is providing an update on the repayment of its £1.5 million unsecured corporate bond due for repayment 15th March 2024.

The Company is pleased to have today signed a new 12-month £500,000 unsecured Loan with a Bond holder, at an interest rate of 8% per annum.

Due to delayed property refinancing, payment of the remaining £1 million is expected to be repaid by 18th March 2024. The Company is not in default unless the Bond is not repaid by 29th March 2024.

Contacts

Jason Upton

Chief Executive Officer

Email: jason.upton@one-heritage.com

Stuart Ormisher

Chief Financial Officer

Email: stuart.ormisher@one-heritage.com

Hybridan LLP (Financial Adviser and Broker)

Claire Louise Noyce

Email: claire.noyce@hybridan.com

Tel: +44 (0)203 764 2341