MATURITYVistry Group PLC 2020

ShareSave Maturity

YOU HAVE A CHOICE TO MAKE

3 year saving contract 1 June 2017, Option Price £6.116

5 year saving contract 1 July 2015, Option Price £7.656

SHARESAVE 2020

Contents

YOU HAVE A CHOICE TO MAKEYou are now invited to make a choice about what you would like to do with the savings in your ShareSave account.

Remember, you don’t have to make up your mind straight away. You are able to buy shares at the fixed Option Price for up to six months following the Maturity Date stated. Please note that you will need to allow sufficient time for the processing of your instructions before your Option lapses. It is recommended that you submit your instructions no later than 21 days prior to the Option Lapse Date.

Please note that if you decide to exercise your Option and buy the shares, the value of your shares and any income from them can go down as well as up and you may not recover the amount of your original investment. Past performance is no indication of future performance. It is recommended that you check the price of Vistry Group PLC shares regularly before deciding whether or not to buy shares at the fixed Option Price.

Information regarding the Vistry Group PLC share price can be found on the Vistry Group website, www.vistrygroup.co.uk and also on share tracking websites or apps (such as www.morningstar.co.uk)

As the coronavirus (Covid-19) pandemic continues to evolve and impact stock markets around the world, it is important that you consider carefully before deciding whether or not you want to buy any shares at the fixed Option Price. You have up to six months from the maturity date to decide if you wish to purchase shares or have your savings returned. You will find confirmation of the Option Prices for the maturing 3 and 5 year ShareSave accounts online and on the front of this booklet.

If YBS Share Plans receive your instruction to buy any shares and the Vistry Group PLC share price is lower than the fixed Option Price at the time of closure, then YBS Share Plans reserve the right to cancel your instruction, close your ShareSave account and return your savings to you.

The following choices are available to you:-

1 Exercise your Option to buy and keep some or all of the shares at the fixed Option Price

2 Exercise your Option to buy some or all of the shares at the fixed Option Price and then sell them using the maturity share dealing service being offered by Equiniti Sharesave Dealing Service

3 Take a refund of the savings in your ShareSave account and not buy any shares at the fixed Option Price

YOUR CHOICES EXPLAINEDExercise your Option to buy and keep shares

If you select this choice, you will be using the savings in your ShareSave account to buy the Vistry Group PLC shares to which you are entitled and to keep them in the form of a share certificate. This is known as ‘exercising your Option’.

When your share certificate arrives you have the choice to either hold on to the shares or to sell the shares. You can to use any broker of your choosing to sell the shares.

If you retain the shares, as a shareholder of the Company you will be entitled to receive dividends (if and when they are paid) and have the chance to vote on important issues at general meetings of Vistry Group PLC.

The exercise of share Options is an involved process and therefore it may take a little time for YBS Share Plans to complete this process with Vistry Group and Computershare (the Registrar). YBS Share Plans cannot be held responsible for any adverse movements in the share price during this period. Once the share Option exercise process is complete you will be issued with a share certificate in your name. Please allow up to 30 days from the completion of the exercise process to receive your share certificate. You should keep your certificate in a safe place, as you will need it if you want to sell or transfer your shares at a later date.

1

Exercise your Option to buy the shares and sell some or all of them using Equiniti Sharesave Dealing Service

If you select this choice, you will be using the savings in your ShareSave account to buy the Vistry Group PLC shares to which you are entitled and to sell some or all of them using the maturity share dealing service being provided by Equiniti Sharesave Dealing Service. Equiniti Sharesave Dealing Service will charge a commission of 0.35%, or a minimum fee of £20 per trade for the sale of your shares. This will be deducted from your sale proceeds before the balance is paid directly into the bank account you specify on the Equiniti Sharesave Dealing Service application form.

The sale of your shares will be subject to the Equiniti Sharesave Dealing Service Sale Facility Terms and Conditions. Please take the time to read this document before proceeding with this choice.

If you would prefer to sell your shares via another broker of your own choosing, please follow the instructions under Choice 1 and make your own arrangements to sell your shares following receipt of your share certificate.

2

Choose not to buy shares and receive a full refund of your savings

Residual BalanceIf you decide to buy the shares there will often be a small cash residue remaining in your ShareSave account. This is because it’s very unlikely that your savings will divide exactly by the fixed Option Price. You can choose to donate your cash residue to charity (no greater than the value of one more share at the fixed Option Price) or receive a refund of the residue when providing your instructions. If you would like to donate this money to charity (Yorkshire Building Society’s Charitable Foundation), please tick the appropriate box online. To find out more about the work of the Charitable Foundation, visit www.ybs.co.uk.

Selling your shares at a later dateIf you buy and keep your shares (see Choice 1) with a view to selling them at a later date, you can do so by making your own private arrangements with any broker of your choosing on receipt of your share certificate.

Missed any payments or leaving the Company?If you’ve missed any payments during the savings period (up to a maximum of 12) your Maturity Date will be deferred by one month for every payment that you have missed and you will continue to have deductions taken from your pay until you have completed the savings contract. In these circumstances you will have six months from the deferred Maturity Date (shown on the enclosed Maturity Instruction Form), in which to exercise your Option and buy your shares.

You do not have to buy Vistry Group PLC shares. If you prefer, you can simply request a refund of your savings. If YBS Share Plans have bank details registered against your Sharesave account your savings will be returned to you by bank transfer. If we don’t have a record of your bank details, you’ll be asked to provide these when you enter your closure instruction online.

For this choice only, you can also call the YBS Share Plans Helpline on 0345 1200 300 and close your account over the phone.

If you choose to close your account and take back your savings, you still retain the right to buy shares at the fixed Option Price for the remainder of the six monthly period immediately following your Maturity Date. If you decide to follow this course of action you will need to call the YBS Share Plans Helpline to make the necessary arrangements.

3

If you are no longer an employee of Vistry Group or leave after the Maturity Date but before you have provided your maturity instructions, you may not be able to buy the shares. This will depend on your reason for leaving and the date on which you left. If you are in any doubt about whether you can buy any shares please contact the YBS Share Plans Helpline on 0345 1200 300. If you are able to buy shares, you must do so within six months of leaving Vistry Group or within six months of the Maturity Date, whichever event comes first.

What about tax?Under current legislation there is no Income Tax to pay as a result of buying your shares or taking your savings. You may however have to pay Capital Gains Tax (CGT) if you sell your shares at a profit (this is the difference between the cost of buying your shares and the price you sell them for minus any sale expenses). HM Revenue & Customs (‘HMRC’) currently allows you to make a certain amount of capital gains in each tax year without being taxed. If your gain (which must include any other profit you’ve made within the tax year) exceeds the annual exemption limit, you’ll have to pay tax on any gain above this limit. The CGT limit for the 2020/2021 tax year is £12,300. Further information can be found on the HMRC website (www.hmrc.gov.uk).

Transferring to an ISAYou can transfer your Vistry Group shares into an ISA, provided your ISA manager agrees to hold the shares and you have not exceeded your annual ISA allowance (ISA limit) of £20,000 for the tax year of 2020/2021.

An ISA allows you to hold onto your Vistry Group PLC shares in a tax efficient manner as any growth in their value is free from Capital Gains Tax (‘CGT’). Dividends paid within an ISA are currently tax free. You should bear in mind that the level and bases of taxation may change. Providing you have not already reached your ISA limits in the tax year of 2020/2021, you have 90 days from your exercise date in which to directly transfer your shares. If you have paid into an ISA since 6 April 2020, you will not be able to open a further ISA before 6 April 2021. You may however transfer some shares into your existing account, up to the £20,000 ISA limit if allowed by your existing ISA provider. Alternatively, you may transfer the ISA account to another provider that will allow additional subscriptions.

If you would like to transfer your shares to an ISA, you will need to select the Exercise your Option to buy and keep shares, which is detailed under section one. Once you receive your share certificate, you will then be able to forward to your chosen ISA Provider.

For more information on the ISA, please visit the HM Revenue & Customs (HMRC) website at www.gov.uk/individual-savings-accounts.

WHAT HAPPENS IF?The following explains in simple terms what may happen if there is a change in your employment or personal circumstances before the end of the ShareSave Scheme. If you leave Bovis Homes before the end of the contract YBS Share Plans will notify you of the choices available to you.

I WANT TO PAY MY SHARESAVE DEDUCTIONS DIRECT FROM MY BANK, RATHER THAN THROUGH MY PAYROLL DEPARTMENT?Deductions for your ShareSave account have to be made via payroll. If, however you are on maternity leave, sabbatical leave or are on a secondment, you may arrange to pay your deductions direct to YBS Share Plans. Please call the YBS Share Plans Helpline on 0345 1200 300 to arrange this.

I WANT TO SUSPEND MY PAYMENTS FOR A PERIOD OF TIME?You may suspend your monthly payments for up to a maximum of 12 months during the savings period by contacting your Payroll Department. If this happens, the maturity will be delayed by 1 month for each missed month’s payment. If you miss more than 12 payments the contract will end and you will lose your right to buy shares.

I WANT TO CLOSE MY ACCOUNT?Just give YBS Share Plans Helpline a call on 0345 1200 300, who will return your savings to you.

I LEAVE BOVIS HOMES AFTER MY MATURITY DATE?If your account has reached maturity and you subsequently leave your option may lapse depending on the reason for leaving.

I LEAVE BEFORE THE END OF THE 3 OR 5 YEARS BECAUSE OF INJURY, DISABILITY, REDUNDANCY, RETIREMENT , TRANSFER OF EMPLOYMENT TO WHICH THE TRANSFER OF UNDERTAKINGS (PROTECTION OF EMPLOYMENT) REGULATIONS 2006 APPLY, OR THERE IS A CHANGE OF CONTROL OF MY EMPLOYING COMPANY?You will be able to continue saving privately and buy a reduced number of shares within 6 months of leaving using your savings to date. If you wish you can also close your account and have all your savings returned to you.

YOUR QUESTIONS ANSWEREDMADE UP YOUR MIND?Once you have decided what you would like to do, follow the simple steps online at www.ybsshareplans.co.uk/vistry to complete your instructions.

Simply register your account providing your instructionsYou will need to register to view your account online before you can submit your instructions (unless you have already registered previously). You will need your ShareSave account number to hand and will be asked to provide some security information. Registration will only take a few minutes of your time. Once registered, your login details will be sent to you through the post and you will then be able to provide your instructions.

Make your choiceIf you have already registered to view your account online and are unsure of any of the details, please contact the YBS Share Plans Helpline for further assistance.

Once you’ve logged in you will need to select the maturing ShareSave account in the account view section, click on ‘Closure Options’, make your choice and then follow the onscreen instructions to complete the cash or shares closure process. You will receive an email confirmation once you have successfully submitted your instructions.

YBS Share Plans may use an electronic system to verify your identity when you provide your maturity instruction online.

Batch Deadline for receipt of instructions to YBS Share Plans

YBS Share Plans close your ShareSave account and transfer balance to Vistry Group to cover cost of shares

Date shares will be sold by Equiniti Sharesave Dealing Service

Batch 1 26 May 2020 1 June 2020 1 June 2020

Batch 2 1 June 2020 8 June 2020 8 June 2020

Batch 3 8 June 2020 15 June 2020 15 June 2020

Batch 4 22 June 2020 29 June 2020 29 June 2020

Sale dates quoted in the table above are the dates Equiniti are expected to sell shares but please note all dates are subject to change. Neither YBS Share Plans nor Vistry Group PLC can be held responsible for any changes to advertised dates which are outside their control or any resulting loss

WHEN WILL I RECEIVE MY CASH OR SHARES?This will depend on the date that you provide your instructions to YBS Share Plans. The sooner you provide your instructions to YBS Share Plans, the sooner you should receive your shares or cash. The timetable below clarifies when YBS Share Plans need to receive your instructions for the first four weekly batches, when your ShareSave account will be closed and if applicable when the sale of your shares is scheduled to take place and the sale proceeds transferred to you.

The first sale of shares following 1 June maturity is scheduled to take place on 1 June 2020 and you will need to provide your instructions to YBS Share Plans

no later than 26 May 2020 to be included in this batch. There are three further sale batches scheduled (please refer to the dates in the timetable below).

After the dates advertised below, buy and keep instructions (Choice 1) and buy and sell (Choice 2) will be processed fortnightly for the remainder of the six month period during which you are entitled to buy the shares. If you choose to buy and keep the shares you should allow 30 days from the date YBS Share Plans close your account and transfer the balance to Vistry Group, for receipt of your share certificate.

GENERAL INFORMATIONNo information contained within this document or any accompanying document should be taken as providing any advice or as a recommendation to exercise or not to exercise your Option or, having exercised, to sell or not to sell your shares – the choice is yours. Neither Vistry Group PLC, YBS Share Plans or Equiniti Sharesave Dealing Service can advise you on the best course of action for you in your particular circumstances.

Tax rules and legislation can change. Tax relief, which is referred to in this document, are those currently available and will

depend upon your individual circumstances.

If you are in any doubt as to the legal, financial or taxation implications (including any Capital Gains Tax

considerations and the collection of such taxes) for you on the exercise of your Options, and/or the subsequent sale of shares, or the suitability of the maturity share dealing service, you should seek the advice of an Independent Financial Adviser duly authorised under the Financial Services and Markets Act 2000.

Please remember that the price of shares, and the income from them, can go down as well as up, and that you may not recover the amount originally invested.

It is advisable to keep copies of all documentation sent to YBS Share Plans and Vistry Group PLC in relation to the exercise of your Option as you may need to refer to this information when completing future tax returns.

Dealing RestrictionsIf you have been notified by Vistry Group that you are subject to its employee share dealing rules, you must comply with the requirements of those rules and seek clearance in accordance with the rules before proceeding with any transaction. All staff will be subject to the general law regarding insider dealing e.g. dealing when in possession of inside information.

CONTACT DETAILS

YBS Share Plans

The Vistry Group PLC ShareSave is administered by YBS Share Plans.

If you have any queries about your ShareSave account, you may contact the YBS Share Plan Helpline on 0345 1200 300.

Lines open 8.30am-5.30pm Mon-Fri, 9am-1pm Sat (excluding public holidays in England and Wales).

or

YBS Share Plans, Yorkshire Building Society, Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ.

Equiniti Financial Services Limited

Equiniti Sharesave Dealing Service Level 6 Broadgate Tower 20 Primrose Street London EC2A 2EW

Tel: UK Freephone 0808 208 4433** or, from overseas +44 (0)20 7649 9268**

Email: ecdshareplans@equiniti.com **Calls may be recorded

YBM 8517 27 03 20

YBS Share Plans is part of Yorkshire Building Society. YBS Share Plans, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Tel: 0345 1 200 300. Fax: 01274 357 950. ybsshareplans.co.uk. Yorkshire Building Society provides share plan trustee and administration services, including deposit taking, all of which are subject to English law, with deposit taking being regulated by the Financial Conduct Authority. The provision of share plan trustee and administration services is not regulated by the Financial Conduct Authority. We are not responsible for share plan deposits held by local savings carriers outside the UK.Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register under registration number 106085. Head Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.Yorkshire Building Society is a member of the Financial Ombudsman Service. Further details are available on request from the Society.All communications with Yorkshire Building Society may be monitored/recorded to improve the quality of their service and for your protection and security. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.