PCF.L Regulatory News (PCF)

PCF.L / Index: AIM / Sector: Speciality & other finance

30 October 2012

PCF GROUP HOLDINGS LIMITED

DIRECTOR APPOINTMENT

The Directors of Private & Commercial Finance Group plc ("PCFG or the Group") are pleased to announce the appointment of Mr Simon Wilkes as Sales and Marketing Director. Mr Wilkes has been appointed a Director of the Group's wholly-owned subsidiary PCF Group Holdings Limited with immediate effect, bringing with him a wide range of experience following a career within the RBS Group and more latterly Lombard, their asset finance division.

Scott Maybury, CEO of PCFG, commented: "I would like to welcome Simon to the Group and look forward to working with him. The new business initiatives announced in our Annual Report are now under way and we will report progress in our Interim Results."

Simon Wilkes commented: "It has quickly become apparent to me that during the recent difficult times facing independent financial organisations, the team at PCFG has worked hard to deliver a strong financial and operational foundation alongside a robust IT platform. It's now an exciting time to be joining in this brand new role and I look forward to delivering a customer driven sales and marketing strategy to progress the next stage of the Group's growth plan."

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For further information visit www.pcfg.co.ukor contact:

Notes to Editors:

Private & Commercial Finance Group plc, which is authorised and regulated by the FSA, is an AIM-quoted finance house.

PCFG has two main operating divisions: Consumer Finance - which provides a range of specially tailored motor finance products for consumers and Business Finance - which finances vehicles, plant and equipment for SME's. The Group has a highly efficient and scalable business model, utilising its specially developed internet-based proposal system to service national networks of brokers. This allows it to handle a large volume of proposals extremely quickly with proportionately low costs.