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CALLCREDIT GEARS UP FOR FUTURE GROWTH

01 January 2004

Callcredit has appointed John McAndrew as its new managing director. Previously sales director, McAndrew has been a board director of Callcredit since its inception in October 2000.

The appointment coincides with Skipton Building Society, Callcredit's main shareholder, providing a fresh input of funds, which will enable Callcredit to maintain its future growth plans.

Former managing director David Coates and commercial director Mark Bowler have left Callcredit to pursue new business opportunities.

John McAndrew commented:

"Callcredit has achieved a great deal in its first three years in creating its core business; with the Society's backing and support it will win significant market share in the next three."

He added:

"David and Mark were fundamental in establishing the business and bringing Callcredit from the drawing board to revenue generation and value. We wish them well in their future careers.

"In 2004 we will focus on continuing to bring innovative products to market while fine-tuning our core credit products and datasets. We are also strengthening our database development team. We have built a fantastic on-line system, we need quickly to bring our databases up to the same level of excellence."

In addition to McAndrew, Callcredit's senior management team now comprises William Lacon, deputy managing director; Graham Lund, development director; John Eggleston, IT director; and Alison Nicholson, sales director - marketing services. A new sales director - credit services will be announced in the near future.

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