Director Declaration

28 September 2011

Real Estate Credit Investments PCC Limited

("The Company")

Director's Declaration

In accordance with Listing Rule 9.6.14, the Company wishes to announce it has been informed by Tom Chandos, the chairman of the Company, that he has been appointed a non-executive director of Albany Investment Trust plc with effect from 13 October 2011.

For further information please contact:

Public Relations: Kate Ruck Keene +44 (0)20 7920 2322

Investor Relations: Nicole von Westenholtz +44 (0)20 7968 7482

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