St Helens Finance plc

September 17, 2010 10:29 ET

Board Appointments, Executive and Staff Options

                                                                                    17 September 2010
                                       ST HELEN'S FINANCE PLC
                           ("St Helen's Finance", "SHF" or "the Company")


The Board of Directors of the Company announces the appointment of Chris Boobyer, Michael Hughes and
James Frost to the Board with immediate effect.

Chris Boobyer will become non-executive Deputy Chairman. Michael Hughes will become the Chief
Operations Director (COO) and James Frost will become the Finance Director (CFO).

A list of their previous directorships over the last 5 years appears at the end of this announcement.

The Board, through the remuneration committee, has taken the opportunity to realign the directors and
staff option scheme and as a result all existing director and staff options (17,753,638 share
options) have been cancelled and replaced by a new scheme offering up to 33,050,000 options for the
Directors and staff ("Share Option Scheme"). Under the Share Option Scheme, the recipients will
receive half of their options at an exercise price of 8.5p and the remaining options have an exercise
price of 13p. The exercise period of these options is 10 years from October 2011 to September 2021.

Following the appointment of Chris, Michael and James to the Board, the Directors' total shareholding
will remain at 6,337,728 ordinary shares representing 16.3% of the issued share capital of the

Details of directorships of the new Directors during the past 5 years:

Chris Boobyer

Current Directorships / Partnerships               Past Directorships
Invigors LLP                                       Claas Finance Ltd*
SHF Asset Management LLP                           
Michael Hughes

Current Directorships / Partnerships               Past Directorships
Universal Asset Trading Ltd                        PMD Leasing Ltd
Universal Leasing Ltd                              Virtual Lease Services Ltd
ULL Holdings Ltd                                   Hanover Merchant Finance Ltd
Hanover Financial Group Ltd                        Flightdrum Public Limited Company
Hanover Asset Finance Ltd                          Flightroom Ltd
Admiral Hire Ltd                                   Beta Leasing Ltd
Education Rentals Ltd                              
Equipment Hire Ltd                                 

James Frost

Current Directorships / Partnerships               
Universal Leasing Ltd                              
ULL Holdings Ltd                                   
*Resigned but forms not as yet filed at Companies House

               The Directors of the Issuer accept responsibility for this announcement


St. Helen's Finance Plc                                                            Tel: 020 7628 4004

Norman Kenvyn, Managing Director                                              
Rick Abbott, Chairman                                                         

Rivington Street Corporate Finance                                                 Tel: 020 7562 3393

Heena Karani                                                         

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