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Appointment of Head of Corporate Finance
01/02/2010

Merchant Securities plc, the financial services group specialising in institutional sales, research and trading, private client broking and investment management, corporate finance and corporate broking, announces that John East, after 23 years as executive chairman of John East & Partners Limited and, more recently, as head of corporate finance at Merchant John East Securities Limited ("MJES") will step down from this role on 31 March 2010.

Simon Clements, who joined John East & Partners Limited in 2000 and was a director from 2004 until November 2009, will join the board of MJES, a wholly owned subsidiary of the Company, and become head of corporate finance at that time.

John East will remain a director of the Company, deputy chief executive of MJES and chairman of the corporate finance division.

Patrick Claridge, Chief Executive, Merchant Securities plc, says:

"I would like to thank John for his invaluable contribution in growing the Group's corporate finance division and navigating the business throughout the last 23 years.

"John's continued role within the Group and MJES ensures that we will benefit from his experience. In Simon we have an experienced individual who is capable of leading the corporate finance division through the next chapter of its growth."