Real Est.cred Regulatory News (RECI)

1 June 2015

Real Estate Credit Investments PCC Limited (the "Company")

Directorate Change

Following the Company's announcement on 22 April 2015, Bob Cowdell was appointed to the Board of Directors of the Company as an independent Non-Executive Director with effect from today, 1 June 2015.

As announced on 28 November 2014, Tom Chandos, Chairman, indicated that he would not seek re-election at the 2015 AGM; and, as announced on 22 April 2015, he will therefore resign from his position as a member of the Board of Directors with effect from 12 June 2015, following the announcement of the Company's full year results, whereupon Bob Cowdell will take over as Chairman of the Company.

For further information, please contact:

Public Relations: Henrietta Dehn +44 (0)20 3540 6455

Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482