AGM Statement

23 May 2006 13:00

Private & Commercial Fin Group Plc23 May 2006 PRIVATE & COMMERCIAL FINANCE GROUP PLC RESULT OF AGM AND MEETINGS OF LOAN NOTE HOLDERS The Directors of Private & Commercial Finance Group plc ("PCFG" or the"Company") are pleased to announce that, at the Annual General Meeting and theseparate general meetings of loan note holders of the Company held today, allresolutions were duly passed. As a result, the share capital reorganisation, which was described in anannouncement issued on 9 May 2006, has taken effect and the new ordinary sharesof the Company, which have a nominal value of 5p each (the "New OrdinaryShares"), have been created. The number of ordinary shares held by shareholdersand the ISIN of the ordinary shares (GB0004189378) both remain the same. It is expected that admission of all of the New Ordinary Shares, including the3,777,778 New Ordinary Shares which were the subject of placings announced on 9May 2006 and 16 May 2006, will be admitted to trading on AIM on 24 May 2006. Enquiries: Private & Commercial Finance Group plc 020 7222 2426Tony Nelson Westhouse Securities LLP 0161 838 9140Tim Feather This information is provided by RNS The company news service from the London Stock Exchange