Directorate Change

24 June 2010

Public Service Properties Investments Limited

("PSPI" or "the Company")

Directorate Change

PSPI (AIM:PSPI), the specialist European care home real estate investment and financing company, is pleased to announce the appointment of Neel Sahai to the Board of the Company as Non-Executive Director with immediate effect. It is also intended that Neel will be appointed chairman of the audit committee in due course.

Mr. Sahai, aged 36, trained as a Chartered Accountant with PricewaterhouseCoopers in Jersey, qualifying in 2000. He then worked with PricewaterhouseCoopers in Sydney, Australia, before returning to Jersey in 2004 when he joined Minerva Financial Services Limited, a Jersey trust and administration company, as a client relationship director.

In accordance with Paragraph (g) of Schedule 2 of the AIM Rules, further information in relation to Mr. Sahai's appointment is set out below. 

The Company also announces the resignation of Derek Livingstone as a Non-Executive Director, due to ill health, with immediate effect. The Board sincerely thanks Derek for his significant contribution during his time with the Company and sends him their very best wishes.

Mr. Sahai is currently a director of the following companies:

Abaco Services Limited

Annmar Resources Limited

Beechport Investments Limited

DBH Global Holdings Limited

Emeri Holdings Limited

Ensley Consultants Limited

Grasston Limited

Henville Investments Limited

Minerva Financial Services Limited

Minerva Nominees Limited

Minerva Officer Limited

Minerva Services Limited

Minerva Trust Company Limited

Nineteenth Century Limited

Oppenheimer Investments Jersey Limited

Primark Limited

Raynold Company Limited

Silver Wings Finance Limited

Sound Securities Limited

Trendaward Limited

Murjani investments Limited

Adeem Refining & Petrochemical Industries Co Ltd

Park Lane Properties Limited

Adeem Development Management Company Limited

Brand Holdings Ltd

TID Automotive Manufacturing Company (Jsy) Ltd

Adeem Automotive Manufacturing Company Limited

Annmar Management Limited

Investment Dar (Jersey) Limited

Grosvenor House Apartments Management International

The Clock House Limited

Adeem International Limited

Dar Capital (Jersey) Limited

Springhouse Investments Limited

Bregawn Jersey Limited

Platform Solutions Limited

Corporate Officer Limited (Jersey)

Pulford Real Estate Limited

Avighna International Limited

Mycom Holding Limited

Professional Holdings Limited

Corporate Officer Limited

Stratton Securities Limited

Curzon Securities Limited

Sanli Group Limited

Tantalum Limited

Parc Thomas Limited

Middleton Property Investments Limited

DC Invest Limited

Scoill Finance Limited

Topaz Holding Limited

Foster Investments China Limited

HO Partners Limited

Al Fanoos Limited

PanBuck Fund Management Limited

Strategic Liquidity Fund I IC

Strategic Liquidity Fund II IC

SW Property Jersey Limited

Mr. Sahai has been a director of the following companies in the past 5 years:

Key Technology Limited

Navona International Limited

Planned Holdings Limited

Trinova Investments Limited

Batiste Unlimited

Hui Investments Unlimited

Sahai Securities Limited

Strangford Properties Limited

Tochni Limited

Profinance Investment Group Limited

Richard Equity Business Limited

Lawrence Mutual Financial Services Limited

German Equity Investments Limited

Dulwich Limited

Summerhill Limited

Amstar Holdings Limited

Trendaward International Inc

Murjani India Holdings Limited

Flambard Data Services Limited

Radium Unlimited

Vianca Properties Limited

OKS Group (Europe) Limited

Unitech Global Limited

Fellstone Limited

RRMS Holdings Private Limited

Twofold Limited

Tapestry Holdings Limited

Woodhouse Limited

Saigon Investments Limited

Uniworld Investments Limited

Sapling Limited

Viper Construction Management & Engineer Serv Ltd

Lochcarron Limited

Sasha Engineering Limited

MEOB Holdings Limited

2 Air Limited

Collibris Limited

Western Continental Holdings Limited

Gipping Waterfront Limited

Larksbay Holdings Limited

Crick Limited

Haseko 2 Limited

Monarch Flats (Jersey) Limited

Doranbay Limited

Karima Holdings Limited

King Street Holdings Limited

Macronex (Jersey) Limited

DR Management Limited

L C Thomas Botanicals Limited

Pomander Investments Limited

Namiga Limited

Acumen Limited

Quorum Consultants Limited

Primeoak Limited

Opus Limited

Netherby Limited

Rikasa Publishing Corp

Lamkin S A

Gulfstream Securities Limited

KT Trustees Limited

Nielsen Enterprises Limited

Nescoll Limited

Kosey Enterprises Limited

Dersley Management Limited

Raeside Services Limited

Joybo Enterprises Limited

Edenbridge Limited

No further information in relation to Mr. Sahai's appointment is required to be disclosed under Paragraph (g) of Schedule 2 of the AIM Rules