Change of Advisor

HARGREAVES SERVICES PLC

(the "Group" or "Hargreaves")

Change of Advisor

Hargreaves Services plc (the "Company") announces that Jefferies Hoare Govett, a division of Jefferies International Limited, has been appointed as the Company's Joint Broker with immediate effect. This follows the completion of the transfer of the broking business of RBS Hoare Govett Limited to Jefferies International Limited.

For further information, please contact:

Hargreaves Services plc 0191 373 4485

Iain Cockburn, Finance Director

Jefferies Hoare Govett (Joint Broker) 020 7029 8000

Sara Hale / Harry Nicholas

N+1 Brewin (Nominated Advisor and Joint Broker) 0845 213 1000

Sandy Fraser / Nick Owen