One Heritage Group PLC (“the Company” or “OHG”), the UK-based residential developer, development manager, and property manager focused on the North of England, notes the speculation with respect to a company connected with OHG’s majority shareholder, One Heritage Property Development Limited, namely One Heritage Trust Limited.

On the evening of 25th April, the directors of the Company became aware of allegations regarding two directors and ultimate beneficial owners of its Hong Kong based majority shareholder, One Heritage Property Development Limited, and business related to One Heritage Trust Limited. It is important to clarify that any allegations and suspicion is specific to China and affects China-based investors. One Heritage Property Development Limited, the Group’s majority shareholder which owns 65.3%, based in Hong Kong, so far as the directors are aware, is not implicated in the allegations. It should be noted that One Heritage Trust Limited is not part of the Company’s group.

It is important to note that OHG has a shareholder facility of up to £14 million, which, at OHG’s discretion, is not due for repayment to One Heritage Property Development Limited until December 2028.

OHG operates independently of One Heritage Property Development Limited and its other businesses and is conducting business as usual. We want to reassure our stakeholders and investors that our operations remain unaffected by any of these allegations or speculation.

Contacts

Jason Upton

Chief Executive Officer

Email: jason.upton@one-heritage.com

Hybridan LLP (Financial Adviser and Broker)

Claire Louise Noyce

Email: claire.noyce@hybridan.com

Tel: +44 (0)203 764 2341