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William Penn Bancorp, Inc. Announces Oversubscription of William Penn Bancorporation Second-Step Conversion Offering BRISTOL, PA / ACCESSWIRE / March 12, 2021 / William Penn Bancorp, Inc. (OTC PINK:WMPN) (the Company ), the parent company for William Penn Bank (the Bank ), announced today that William Penn Bancorporation s subscription and community offering was oversubscribed in the subscription offering. Orders received in the subscription offering will be allocated amongst subscribers in the manner set forth in the plan of conversion as described in the offering prospectus. Orders received in the community offering were not accepted and will be promptly returned. William Penn Bancorporation, the proposed new holding company for the Bank, is in the process of raising additional capital in connection with the Bank s second-step conversion from its current mutual holding company structure to a 100% publicly owned company.

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