Rodney Baker-Bates, Non Executive Chairman - 16/11/2004

CABOT FINANCIAL APPOINTS EX-BBC FINANCE DIRECTOR AS NON-EXECUTIVE CHAIRMAN

Market leading debt purchase group Cabot Financial is pleased to announce the appointment of Rodney Baker-Bates as Non-Executive Chairman.

Mr Baker-Bates joined the Group at the end of October and will provide assistance and support to the Board in driving Cabot Financial's expansion plans forward.

As a qualified accountant, Mr Baker-Bates brings a wealth of knowledge and experience to the role having held the post of Chief Executive of Prudential Financial Services and Services, Finance Director positions at both and IT Director at the BBC and HSBC. UK Managing Director at Midland Bank. He is currently Chairman of FirstAssist and Chairman of the Executive Managing Partners at C Hoare & Co. He has an impressive portfolio of further non-executive director and chairman appointments.

Ken Maynard, Managing Director, Cabot Financial commented: "I am very pleased that Rodney has joined us. He has an excellent track record and valuable experience which will be a real asset to the Board and help further extend our leading market position."

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For further information, please contact:
Kimberley Robinson / Michael Smith
Redleaf Polhill
Tel: 020 7566 6750
Email: kr@redleafpolhill.com / msm@redleafpolhill.com

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