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Board Changes

27th Nov 2009 12:17

Impact Holdings (UK) plc ("IHUK", "the Group" or "the Company") Board Changes

The Board of IHUK is pleased to announce that, as part of its strategic planning for the future, Mr Roger Barlow will become Chairman with effect from 1st December 2009 having been a Non-Executive with the Group since July 2009.

Roger is a qualified accountant and is presently Chairman of the Marsden Building Society and Non Executive Director (and Chair of Audit) at the University Hospital of South Manchester NHS Foundation Trust.

Richard Kilsby the present Chairman will remain as a Non-Executive Director and Chairman of the Audit Committee.

For further information:

Impact Holdings (UK) plc

Paul Davies, Chief Executive Officer Tel: 0161 437 9499

Daniel Stewart & Company plc

Simon Leathers/Oliver Rigby Tel: 020 7776 6550

Notes to Editor:

Impact Holdings (UK) plc through its individual subsidiaries provides short term funding solutions, loans administration and IT support services in two specific sectors:

1. The legal disbursements market;

2. Property based bridging and development market.

In addition Impact will fund other opportunities where debt instruments or debentures provide the primary security and there are opportunities for short term bespoke funding where serviceability precludes larger lenders from entering this area.

Impact is regulated by The Office of Fair Trading through which it is licensed to lend under the Consumer Credit Act 1974.

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