Impact Holdings Announcements

Trading Update

15 November 2007 07:02:24

Impact Holdings (UK) PLC
15 November 2007
Impact Holdings (UK) plc

"Impact" or "the Company"

Trading Update
Provisioning:

Impact is pleased to confirm that it has purchased the loans administration
platform known as "Lawyer" from Allied Loan Services Limited (ALS). As part of
this transaction, Impact has agreed to capitalise a proportion of ALS'
outstanding debt and work on a collaborative and incentivised basis to maximise
returns on the Right-to-Buy exposure previously provisioned against. Impact will
lease back to ALS on an exclusive basis the licence to operate this system.

Impact, in conjunction with ALS, will further develop the functionality of the
system and, together with the ownership of the "Veracity" platform, will now
control two of the major IT platforms in the solicitor lending market place.

Impact expects to make further positive announcements in relation to recoveries
over the next few months, and will continue to keep the market appraised of any
further realisations of debts that have been provided against.
- Ends -

For further enquiries:

Impact Holdings (UK) plc Tel: 0161 437 9499
Paul Davies, Chief Executive
Christopher Williams, Finance Director

Daniel Stewart & Company plc Tel: 020 7776 6550
Alastair Cade
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