PRESS RELEASE

State Securities launches Commercial Mortgage range in Scotland

Key points :

• State Securities enters the Scottish Commercial Mortgage market
• Commercial finance brokers now able to provide truly innovative ‘one-stop-shop’ finance solutions to their customers in Scotland

Monday, 11 February 2008: In response to increasing customer demand and as part of State Securities’ continued strategy for development and growth, the company is pleased to announce the launch of Commercial Mortgages for business customers based in Scotland.

From today, Scottish businesses will be able to access State Securities’ innovative range of Commercial Mortgage solutions for mortgaging or re-mortgaging industrial or warehouse premises.

Having successfully supported brokers and their SME customers’ finance requirements in England and Wales for the last 27 years, and Scotland for the last 10 years, State Securities is well placed to offer Commercial Mortgage services to the Scottish market.

Commercial Mortgage Manager (West Midlands & North), Eddie Graham, commented, “We’re excited by the launch of our range of Commercial Mortgages to brokers and their clients in Scotland. By employing State Securities’ distinctive approach to Mortgages, either as a stand alone product or in conjunction with our asset based finance, our aim is to enable brokers to provide truly innovative ‘one stop shop’ finance packages to their customers.

Our unique stance means we can create solutions that respond to business needs, often for requirements or in circumstances that traditional lenders avoid.”

Eddie continued, “Extending our Commercial Mortgage services into Scotland therefore benefits both brokers and their customers. Not only does it help  brokers to enhance their customer offering but, crucially, it provides their customers with increased choice, particularly if they are facing demanding or challenging times. In these circumstances traditional lenders often walk away. At State Securities, we work with brokers and their customers to provide a genuine solution.

We’d be delighted to hear from any Scottish brokers with clients with a Commercial Mortgage requirement, ideally involving industrial or warehouse premises. Our usual Commercial Mortgage criteria apply, but with a maximum LTV restriction of 70%.”

For more information contact Eddie Graham, tel 01527 558410, email egraham@statesecurities.plc.uk.

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Notes to Editors :

State Securities

State Securities has over 27 years experience assisting business customers who are looking to raise finance for the acquisition of new or used assets, along with the re-financing of assets already owned by the business. It also provides commercial mortgages for properties including factories, warehouses, offices and retail outlets and factoring for State Securities type customers to help improve their cash management and to assist in trying to provide a complete finance package.

State Securities supports a wide range of clients, including public and private limited companies, partnerships and sole traders, and can also help companies that have difficulty in raising finance in a short period of time, for example new start businesses. Additionally, it specialises in assisting businesses in company or individual voluntary arrangements.

Head office : Burlington House, Botleigh Grange Office Campus, Grange Drive, Hedge End, Southampton, Hants SO30 2AF, t 01489 775600, f 01489 775601

Visit www.statesecurities.co.uk