3 June 2010

Cattles plc

Change of Finance Director

Cattles plc ("Cattles") announces that James Drummond Smith will resign as a Director and Finance Director of Cattles with effect from the conclusion of Cattles' forthcoming Annual General Meeting to be held on 29 June 2010.

He was appointed as interim Finance Director in April 2009 with a view to producing the 2008 Annual Report and Financial Statements, which has now been completed.

The Board intends to appoint Paul Felton-Smith to the Board of Cattles as Finance Director.  Mr Felton-Smith will join Cattles on 7 June 2010 and has agreed to join the Board as Finance Director immediately after the forthcoming Annual General Meeting, subject to the approval of the Financial Services Authority.  Mr Felton-Smith is an experienced finance director with over 25 years of financial and management expertise in a variety of sectors, particularly in companies undergoing financial and operational restructuring.  His most recent assignments have been as CFO of Lupus Capital plc and prior to that as CFO of Metronet Rail.  He also acted as Finance Director for Yes Car Credit (a sub-prime motor finance company) during the run-off of its loan book in 2006/2007.

Margaret Young, Executive Chairman of Cattles, said:

"The Board would like to place on record its thanks for Jamie's enormous contribution over the last year.  He joined us at a particularly challenging time and over the last year has made a substantial contribution to dealing with the wide range of issues faced by Cattles, including the recent finalisation of the 2008 accounts.

We are delighted to have found such an able and experienced successor for the Finance Director role and look forward to working with Paul Felton-Smith."

For further information, please contact:

Margaret Young, Executive Chairman, Cattles plc                                 020 7269 7252

Paul Marriott, Financial Dynamics