Further Banking Arrangement Agreed

27th August 2013

Bovis Homes Group PLC

Further Banking Arrangement Agreed

Bovis Homes Group PLC is pleased to announce that it has signed a further £50m commitment as part of its banking deal to provide the Group with additional financial flexibility.

The Group has signed a £50m extension to the £125 million committed revolving credit facility agreed in January 2013 taking the facility to £175m in total. Combined with the three year term loan of £25 million entered into in January 2013, the Group now has £200m of facilities in place. The £50m extension, with the existing syndicate banks, expires in December 2015 with the remaining £125m expiring in March 2017.

As at 30 June 2013, the Group retained a robust balance sheet with net debt of £48 million following significant land investment in H1 2013. This additional facility gives the Group improved financial flexibility to take advantage of opportunities in the consented and strategic land market.

-ENDS-

Enquiries:

David Ritchie, Chief ExecutiveJonathan Hill, Group Finance DirectorBovis Homes Group PLCTel: 01474 876200

Andrew Jaques, Reg Hoare, James White, Giles RobinsonMHP CommunicationsTel: +44 (0)203 128 8756