Press Releases

MILTON HOMES STRENGTHENS BOARD WITH APPOINTMENT OF THREE NON-EXECUTIVE DIRECTORS   23/01/2008

Milton Homes (the ‘Company’) announces the appointment of three non-executive Directors to its board, to help support its growth in home reversions which form part of the dynamic equity release market.

The new appointments underline the Company’s desire to grow its market presence with each of the directors bringing strong real estate and finance experience.

The three appointments are as follows:

Harry Hill is currently the non-executive Chairman of Countrywide, the property services group, where he was Group Managing Director until 2006. He was formerly Managing Director of Abbotts (East Anglia) Limited.

Edward Murray has over 20 years as a Corporate Finance Practitioner with British Linen Bank and brings board experience of providing strategic financial advice to companies with a view to maximising shareholder value. He is a member of the Institute of Chartered Accountants of Scotland. He is currently a non-executive director of Artemis AiM VCT 2 plc, Securities Trust of Scotland plc, Renova Energy plc and W A Baxter & Sons (Holdings) Limited. He is also a member of the Audit Advisory Board of The Scottish Parliament.

David Hyams has dedicated his entire career to the commercial and residential property sector having joined Conrad Ritblat & Co as a trainee in 1963. In 1986 he was appointed Joint Managing Partner and was a Director upon incorporation from 1991-2004. Since then until 2007, he was a Director of Colliers CRE plc. He is a qualified Chartered Surveyor.