31 May 2023

Barratt Developments PLC

Signing of the Scottish Safer Buildings Accord

In line with its belief that leaseholders should not have to pay for remediation, Barratt has signed the Scottish Safer Buildings Accord ("the Accord"), an industry commitment supporting the remediation and / or mitigation of external wall cladding systems on buildings of 11 metres and above, in Scotland.

In signing the Accord, Barratt has committed to resolving life critical fire safety defects in a property which:

We will work in good faith with the Scottish Government in order to support the remediation and / or mitigation of external wall cladding systems, where identified through a fire risk assessment, as required for in-scope buildings.

These commitments remain subject to our agreeing with the Scottish Government, the necessary legal documentation in respect of the principles set out above. We will therefore work constructively with Homes for Scotland and the Scottish Government to address outstanding issues and agree, as quickly as possible, a legally binding, long-form contract, in order to give effect to the above principles of both self-remediation and mitigation.

Further details on our approach to building safety can be viewed on our website at: https://www.barrattdevelopments.co.uk/about-us/our-approach-to-building-safety.

For further information, please contact:

Barratt Developments PLC:

Analyst / investor enquiries

Mike Scott, Chief Financial Officer                                                     07881 327 748

John Messenger, Group Investor Relations Director                       07867 201 763

Media enquiries

Tim Collins, Group Corporate Affairs Director                                  020 7299 4874

Brunswick

Jonathan Glass / Rosie Oddy                                                                020 7404 5959

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