MORHOMES ANNUAL GENERAL MEETING RESULTS

At an Annual General Meeting of the Company duly convened on Thursday 5 September 2024 the following resolutions were unanimously passed as an ordinary resolution and a special, respectively:

ORDINARY RESOLUTION

THAT the directors of the company be and are hereby generally and unconditionally authorised pursuant to section 551 of the Companies Act 2006 to exercise any power of the company to allot relevant securities of the company up to a maximum nominal amount of £2,100,000, provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the date of the Company's next annual general meeting save that the Company may, before such expiry, make an offer or agreement which would or might require shares to be allotted or rights to be granted and the Directors may allot shares or grant rights in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired.

SPECIAL RESOLUTION

THAT, subject to the passing of Resolution 3 and in accordance with section 570 of the Companies Act 2006 (the "Act"), the directors be generally empowered to allot securities (as defined in section 560 of the Act) pursuant to the authority conferred by Resolution 3, as if section 561(1) of the Act did not apply to any such allotment provided that this power shall:

a)  be limited to the allotment of equity securities up to an aggregate nominal amount of £2,100,000; and

b)  expire on the date of the Company's next annual general meeting (unless renewed, varied or revoked by the Company prior to or on that date), save that the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.

 CHANGE OF DIRECTORATE

At the AGM, as part of planned Board rotation, Neil Hadden, Chair of the Company, announced his intention to retire from the Board on 30 September 2024.  His role as Director of the Company will not be replaced.  Malcolm Cooper, current Senior Independent Director of the Company, will become Chair with effect from 1 October 2024.  Geraldine Howley will become Senior Independent Director with effect from 1 October 2024.  Jane Pilcher will become Chair of Credit Committee with effect from 1 October 2024.  Mike Hinch will become Chair of Audit and Risk Committee from 1 October 2024.