ABM.L Regulatory News (ABM)

11 October 2012

Albemarle & Bond Holdings PLC

("Albemarle & Bond" or "the Company")

Directorate Change

Albemarle & Bond Holdings PLC, a Specialist Retail Financial Services Provider, is pleased to announce today the appointment of Robin Ashton as an independent non executive director with immediate effect. Robin will also become Chair of the Audit Committee replacing John Allkins who, as previously announced, will not be seeking re-election at the November AGM.

Robin Ashton has more than 25 years experience in financial services having previously held the positions of treasurer, finance director and chief executive of Provident Financial plc ("Provident") from 1983 to 2006. He has considerable experience of credit risk in the full range of non-standard lending products as well as developing online channels to market for credit products.

Robin also spent a year as Chief Executive of London Scottish Bank plc from December 2007 working closely with the regulator and lenders whilst attempting to refinance and rescue the business before it finally went into administration in late 2008. He is currently a non executive director of Leeds Building Society and Shawbrook Bank Limited.

Greville Nicholls, Chairman of Albemarle & Bond, commented: "We are delighted to welcome Robin to the Board. His past experience and breadth of knowledge of our industry will be an invaluable asset to the Company and we look forward to working with him. I would like to thank John Allkins for his contribution as a non executive director. John has played a leading role during the last three years of the Company's rapid expansion, chairing the Audit Committee and in helping to improve corporate governance. We wish him well for the future.

Following Robin's appointment, all of the board committees are chaired by independent non executive directors and have a majority of independent non executive directors."

Commenting on his appointment Robin Ashton said:

"Albemarle is an excellent business and I am delighted to be joining the Company. I look forward to using my knowledge and contributing to the growth and development of the business."

-Ends-

The following information is disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules for Companies:

Robin James Ashton (aged 54) holds or has held in the last five years, the following directorships:

No further information is required in relation to Schedule 2 paragraph (g) of the AIM Rules:

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