Management change

Debt Free Direct Group PLC
26 June 2003

26 June 2003



                                 Debt Free Direct

              Chief Executive Officer Takes On Full Time Position


Debt Free Direct, a leading debt advice and solutions company, announces that
Andrew Redmond, formally regional chairman of a national accountancy practice,
has become full-time chief executive officer.  At the time of admission to AIM
in December, 2002, Andrew spent only 2 days per week with Debt Free Direct.  The
move  to full time reflects the successful growth of the business, which
currently receives up to 500 calls from potential customers each week and has
been increasing its long term customer base by between 5 and 10% each month.


Results for the year to 30th April are due to be announced on 9th July 2003.




Enquiries


Debt Free Direct                    01257 240 599
Andrew Redmond



Citigate Dewe Rogerson        0207 638 9571
Sarah Gestetner
Daphne Claude



Notes to Editors


Debt Free Direct helps individuals find the best solution to their debt
problems, based upon an analysis of their particular financial circumstances.
Financial information on an individual is processed through a computer model
(the Best Advice Model) developed by Debt Free Direct in order to recommend a
solution suitable for that individual's particular financial circumstances.  The
solutions offered range from basic advice, such as simply destroying credit
cards and curbing unnecessary expenditure, to the following solutions:

  • consolidation loan
  • re-mortgage
  • informal arrangement
  • individual voluntary arrangement (IVA)
  • bankruptcy



Debt Free Direct is unique in the marketplace in that unlike most of its
competitors who sell specific products, Debt Free Direct looks to provide the
best advice to the consumer and recommends them the most appropriate service.



Debt Free Direct is based in Chorley, Lancashire and was admitted to AIM in
December, 2002.


                      This information is provided by RNS
            The company news service from the London Stock Exchange