Transfer of Engagements

Summary by AI ^BETAClose X

Stonewater Funding plc has announced a potential corporate reorganisation involving the transfer of engagements of Mount Green Housing Association Limited to Stonewater Limited, which is considered a Permitted Re-organisation under the existing bond indentures. Mount Green is currently a borrower under the £250,000,000 1.625% Secured Sustainability Notes due 2036 and the £200,000,000 5.034% Secured Bonds due 2042, while Stonewater Limited is a borrower under all three bond series: the 2036 Bonds, the 2042 Bonds, and the £250,000,000 3.375% Secured Bonds due 2045. This transfer is subject to due diligence and funder consents, with Stonewater Limited remaining the parent of the Stonewater Group.

Disclaimer*

Stonewater Funding PLC

03 June 2026

RNS Number: 4671G

Stonewater Funding plc

3 June 2026

Stonewater Group

Mount Green Housing Association Limited

Transfer of Engagements

Stonewater Funding plc

£250,000,000 1.625 per cent. Secured Sustainability Notes due 2036 (the "2036 Bonds")

£200,000,000 5.034 per cent. Secured Bonds due 2042 (the "2042 Bonds")

£250,000,000 3.375 per cent. Secured Bonds due 2045 (the "2045 Bonds" and together with the 2036 Bonds and the 2042 Bonds, the "Bonds")

Notice is hereby given to the holders of the Bonds that members of the Stonewater Group are considering a corporate reorganisation.

The current intention, subject to, amongst other things, completion of due diligence and funder consents, is for Mount Green Housing Association Limited ("Mount Green"), a Registered Provider of Social Housing and community benefit society with registered number 16264R to transfer its engagements to Stonewater Limited, pursuant to section 110 of the Co-operative and Community Benefit Societies Act 2014. This transfer of engagements falls within the definition of a Permitted Re-organisation under the Bonds.

Stonewater Limited is currently a Borrower under each of the Bond structures; Mount Green is currently a Borrower under each of the 2036 Bonds and the 2042 Bonds.

Stonewater Limited will remain the parent of the Stonewater Group.

For further information, please contact:

Jonathan Layzell Telephone: +44 1202 319119

Stonewater Group Email: investor.relations@stonewater.org

Suite C, Lancaster House

Grange Business Park

Enderby Road

Whetstone

Leicester, LE8 6EP

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