11 May 2010

MCB Finance Group Plc

Result of AGM, Directorate change and update on trading

MCB Finance Group Plc (AIM: MCRB.L), the consumer finance company providing flexible credit solutions to retail customers in Finland, Estonia, Latvia and Lithuania, held its annual general meeting today. All the resolutions put to shareholders were duly passed.

At the Board meeting immediately following the AGM Bertil Rydevik, Chairman, and Richard Parkinson, Board member, announced their intentions to resign from the Board, effective immediately. Mr Rydevik and Mr Parkinson have served in their respective positions for over four years, seen through the recovery of the Company in the aftermath of the credit crisis, and have a number of other duties that are likely to take a growing proportion of their time. The Board appointed Dr. Anton Mayr to take over the duties of Chairman. It is the intention of the board to propose one or more additional independent replacements to fill the above positions in due course.

The Company would like to thank Mr Rydevik and Mr Parkinson for their contribution to the development of the business over the past several years. Their insights and guidance have been of great value as MCB Finance progressed from start-up to established provider of consumer credit solutions.

Since the publication of our annual results, credit performance has continued to improve in all markets and is now at attractive levels. Demand remains restrained reflecting current economic environments. In view of the uncertain economic climate we continue to pursue a conservative approach, focusing on cautiously increasing lending volumes while maintaining high collection rates.

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