RECP Real Est.Cred P

TIDMRECI TIDMRECP TIDMTTM

RNS Number : 9760K

Real Estate Credit Inv. PCC Ltd

22 April 2015

22 April 2015

Real Estate Credit Investments PCC Limited (the "Company")

Directorate Change

Following the Company's announcement on 28 November 2014, that the Chairman would not be seeking re-election at the annual general meeting of the Company to be held in 2015 and that the Board of Directors of the Company would be undertaking a search for a successor, the Board of Directors are pleased to announce the proposed successor to the current Chairman.

Bob Cowdell will be appointed to the Board of Directors of the Company as an independent Non-Executive Director with effect from 1 June 2015, subject to the required Guernsey regulatory approvals. He will take over as non-executive chairman, following the release of the Company's results for the year ended 31 March 2015, on or around 12 June 2015.

Bob Cowdell is an independent non-executive director who has focused on the financial sector throughout his career; initially as a solicitor and then as a corporate broker and adviser. He was previously co-founder and Head of the ABN AMRO Global Investment Funds Team and then Head of Financials at RBS Hoare Govett. He is currently a non-executive director of Schroder UK Growth Fund plc, Catlin Underwriting Agencies Limited and Catlin Insurance Company (UK) Limited. A Freeman of the City of London, he is a member of the Institute of Directors and the Chartered Insurance Institute.

Tom Chandos, Chairman, said "I am delighted that Bob has agreed to join the board of Real Estate Credit Investments and succeed me as chairman. His board experience and deep experience of capital markets - and investment companies in particular - should make him an excellent leader of the Board for the next stage of the Company's development."

No further disclosures are required regarding Bob Cowdell's appointment in respect of paragraphs 9.6.13R (1) - (6) of the Financial Conduct Authority's Listing Rules.

For further information, please contact:

   Public Relations:                                  Henrietta Dehn +44 (0)20 3540 6455 
   Investor Relations:                               Nicole Von Westenholz +44 (0)20 7968 7482 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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