14 November 2025

ANNINGTON FUNDING PLC

Announces:

Annington acquires portfolio of single family homes

through the purchase of Langoen from Arrow

Transaction adds 298 PRS units across 85 sites, scaling Annington's UK residential rental platform at an attractive valuation

Annington today announces that it has acquired a 298 unit portfolio of single family private rented sector (PRS) homes through the purchase of Langoen Assets Ltd, an owner of newly-built residential rental homes across England. Langoen's portfolio spans 85 sites nationwide and has been purchased for consideration of approximately £93.5 million, subject to finalisation of completion accounts.  The portfolio is fully operational and let to tenants who benefit from quality accommodation at affordable rental levels.

In a continuation of Annington's long-term strategy, the acquisition adds a high-quality, complementary residential rental portfolio that aligns with the company's mission to provide affordable housing and help address the UK's housing shortage.

The acquisition leverages Annington's nearly three decades of experience in the UK residential and rental market. Annington's proven track record in the sector includes refurbishing, developing and actively managing homes at scale, supported by a deep technical skillset, dynamic management of its portfolio through new acquisitions and sales, and a longstanding commitment to delivering well-managed homes for families and local communities, having already repurposed and returned over 18,000 properties to the UK housing market.

The acquisition further expands Annington's platform of over 1,500 homes and comes in addition to Annington's plans to invest over £87 million into the refurbishment and modernisation of nearly 500 properties.  Annington also expects to receive further homes from the Ministry of Defence in the near term which, along with planning and development projects in the pipeline, will be used to further expand its portfolio.

Annington has bid on a number of other portfolios of residential assets in recent months and is hopeful of announcing further transactions in the near term, as it continues to explore opportunities to acquire stable quality assets with an attractive yield, particularly focusing on single-family homes, while remaining open to complementary residential and living sector investments.

Ian Rylatt, Chief Executive Officer of Annington, said:
"This is a strategically aligned acquisition that accelerates our growth in the UK private rented sector. Langoen has assembled a portfolio of high-quality, energy-efficient homes throughout the UK in places where people want to live. Bringing these homes into the Annington platform enhances our ability to provide affordable, well-managed housing at scale -supporting our long-standing commitment to help address the UK's housing shortage while investing at an attractive entry valuation for our stakeholders."

For further information, please contact:

Stephen Leung

Chief Financial Officer

Annington Funding plc
Hays Lane House,

1 Hays Lane,

London, SE1 2HB

Enquiries - Annington Limited

[email protected]

This announcement is released by Annington Funding plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the EUWA ("MAR"). For the purposes of MAR this announcement is made by Stephen Leung, Director, on behalf of Annington Funding plc.

LEI: 549300KK63W8VZIONZ83