Directorate Change

With effect from 2nd April 2010 Mr Phillip Cottam has retired as Chairman and
resigned as a director of Secured Property Developments Plc.

With effect from 30th March 2010 Mr David Duffield has been appointed as a
director of Secured Property Developments Plc.

The directors of Secured Property Developments Plc accept responsibility for
the contents of this announcement.

16th April 2010

SECURED PROPERTY DEVELOPMENTS PLC

Unit 6, Orchard Mews, 42 Orchard Road
Highgate, London, N6 5TR                             

Company No. 2055395

Registered office: as above