PRESS RELEASE

State Securities Opens New Central Scotland Office Premises in Glasgow

Key points :

• State Securities opens new Scottish premises based in Glasgow
• New Glasgow office opening supports the company’s strategy for continued growth and development in the Scottish asset based lending market

 Thursday, 10 August 2006: In order to support its strategy for continued growth and development in Scotland, State Securities announces the opening of new office premises in The Wright Business Centre, Glasgow. This provides a new, permanent business development and sales support base for the finance company who offer a ‘one-stop-shop’ service for businesses, whatever their circumstances.

Commenting on the opening of the new Scottish office, Account Manager, Scotland, Dave Williams said, “I’m delighted with these new Scottish premises. Ideally based in the central belt, they reflect our growth and development in the asset based lending market place in Scotland. They also provide us with a permanent location from which we can better service and support all our new and existing customers, intermediaries and professional contacts north of the border, plus there is enough office space for us to grow the team.”

For more information, contact Dave Williams on t 0141 7736231, email dwilliams@statesecurities.plc.uk

-ENDS-

Notes to Editors :

State Securities

For over 25 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

Glasgow office details

State Securities

Wright Business Centre

1 Lonmay Road

Queenslie

Glasgow

G33 4EL

T:           0141 7736231

M:          07753 898816

F:           0141 7736232

E:           dwilliams@statesecurities.plc.uk