Mortgages plc adds to board

Amanda Jarvis

March 8, 2006

Paul joins Mortgages plc from Abbey and will provide operational direction, guidance and support and is responsible for the implementation of all strategic initiatives, including IT, which are agreed by the board.

Paul’s appointment brings the total number of executive directors on the Mortgages plc board to seven. They include Trevor Pothecary, group chief executive, John Wright, chief operating officer, Peter Beaumont, sales & marketing director, Hugh Meechan, operations director, Tim Cooley, chief financial officer, Bill Purves, group risk director, and now Paul Gould as strategic development director.

The Mortgages plc board also comprises 3 non-executive directors from Merrill Lynch: Dale Lattanzio, Dan Pace and Nasser Azzam.

Trevor Pothecary, group chief executive, said: “The Mortgages plc board is developing the company into one of the leading mortgage lenders in the UK. The board has a depth of experience and understanding of the UK mortgage market which is second to none.

“Mortgages plc is now in an excellent position to continue growing the business during 2006 and beyond. Our rate of growth during 2005 took many in the industry by surprise, but we are determined to maintain a controlled rate of growth by having the skills, resources and backing of Merrill Lynch to draw upon.”

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