PRESS RELEASE

John Harding promoted to Sales Manager for South-West and Wales

Wednesday, 28 February 2007: State Securities is pleased to announce that John Harding has been promoted to Sales Manager within its Asset Finance team.

John has over twenty years experience in the finance industry. He joined the company in 2003 as an Account Manager to develop the South-West area and Wales under the direction of Ralph Robertson.

Ralph Robertson, Senior Sales Manager, said, “John has developed excellent relationships with introducers and customers throughout the South-West region, and has overseen a significant growth in business in this area. His valuable contribution has been recognized with this promotion”.

State Securities provides asset finance and the re-financing of assets (such as engineering equipment, plant, machinery and vehicles) commercial mortgages, factoring and the Small Firms Loan Guarantee to UK SME’s whose business circumstances may preclude them from obtaining funding from their usual high street source.

-ENDS-

Notes to Editors :

State Securities

For over 26 years State Securities has assisted 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, whatever the business circumstances. 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.

Visit www.statesecurities.co.uk or email enquiries@statesecurities.plc.uk