Directorate Change

16th July 2010

Findel Plc ("the Group")

Directorate Change

Findel plc is pleased to announce the appointment of Tim Kowalski as Group Finance Director with effect from 2 August 2010.

Tim brings substantial relevant experience to the role having been Group Finance Director of N. Brown plc and Group Finance Director of Homestyle Group plc. Tim joins Findel from HomeForm Group Limited, a Sun Capital investment, where he was Chief Financial Officer.

Chris Hinton will step down as Group Finance Director on 2 August 2010 but will remain with the Group in the short term to facilitate a smooth transition.

Commenting on the appointment David Sugden, Chairman of Findel, said:

"I am delighted that someone of Tim's calibre is joining Findel at this critical time. There is a tremendous amount to do to solidify our finance structure and drive business performance. Tim's experience both of the Home Shopping sector and of business restructuring will, I am sure, add great value.

I would like to take this opportunity to thank Chris Hinton for the considerable efforts he has made for Findel over the last 3 years during a very difficult period for the Group. We all wish him well for the future".

There is no further information to be disclosed under Sections 9.6.13 R(2) to (6) of the UKLA Listing Rules in respect of Mr. Kowalski 's appointment.

Ends

For further information please contact:

Findel plc

David Sugden, Chairman T: +44 (0)1943 864 686

Financial Dynamics

Jonathon Brill/Billy Clegg/Caroline Stewart T: +44 (0)207 831 3113