24 April 2009

TOWN CENTRE SECURITIES PLC ('TCS')

Directorate Change

Town Centre Securities PLC, the Leeds based property investment company, announces the appointment of Howard Stanton as a non-executive director with effect from 23 April 2009. Non-executive director Robin Smith, who had been a director of TCS since 1999, stepped down from the board on 23 April 2009.

Howard Stanton is a certified account and currently holds non-executive directorships with Delek Global Real Estate plc, O Twelve Estates Limited, both AIM listed companies, Anglo Scottish Properties PLC, Rock Joint Ventures Limited and Stylo plc. Howard was formerly Chairman and previously Managing Director of Allied London Properties plc. 

Save for these appointments there is no other information which requires disclosure under the Listing Rules (LR 9.6.13) concerning his appointment.

Commenting, Edward Ziff, Chairman and Chief Executive of TCS said:

'On behalf of the Company I am delighted to welcome Howard Stanton to the Board. His extensive experience of both finance and the property sector will be most valuable and bring a new dimension to the TCS Board. We look forward to working with Howard and to the contribution he will bring.'

'Robin brought to the Board a breadth of experience and knowledge during his tenure as non-executive director.  On behalf of the Company I would like to express thanks to him for his contribution that has been invaluable to our development over the years of his involvement.'

For further information:

Town Centre Securities PLC                                    Smithfield

Edward Ziff, Chairman and Chief Executive                 Reg Hoare

0113 222 1234                                                               0207 360 4900

www.tcs-plc.com