Conversion of Securities

10 Oct 2006 08:00

Private & Commercial Fin Group Plc10 October 2006 PRIVATE & COMMERCIAL FINANCE GROUP PLC CONVERSION OF LOAN NOTES The Directors of Private & Commercial Finance Group ("PCFG" or the "Company")announce that they have received notification of the conversion of 401,816 8%Convertible Unsecured Loan Notes 2013 at a conversion price of 76p per share.The conversion will result in the issue of 528,705 new ordinary shares of 5peach. Application will be made for the new shares to be admitted to trading onAIM and it is expected that admission will take place on 13 October 2006. Enquiries: Private & Commercial Finance Group plc 020 7222 2426Tony Nelson Hanson Westhouse LLP 0113 246 2610Tim Feather Notes to Editors: Private & Commercial Finance Group plc, which is authorised and regulated by theFSA, is a fast growing AIM-listed finance house. The Group provides a carefullyselected range of high quality equipment finance products tailored for bothbusiness and personal customers. PCFG has two main operating divisions: Consumer Finance (finances cars forconsumers) and Business Finance (finances vehicles, plant and equipment forSME's). The Group has a highly efficient business model, utilising its speciallydeveloped internet-based proposal system to service a national network ofbrokers. This allows it to handle a large volume of proposals at the speed oflight and with low, scaleable costs. This information is provided by RNS The company news service from the London Stock Exchange