TIDMCFG 
 
RNS Number : 2103N 
Conister Financial Group plc 
12 February 2009 
 

FOR IMMEDIATE RELEASE12 February 2009 
 
 
 
 
Conister Financial Group plc (the 'Company') 
 
 
Board Changes 
 
 
Conister Financial Group plc ("CFG") today announced that, following the 
completion of the strategic review of the business, Arron Banks has stepped down 
as Chief Executive of Conister Financial Group plc. He will remain a 
Non-Executive Director of the Company. 
 
 
The following CFG appointments have also been made with immediate effect: Jim 
Mellon, formerly Non-Executive Chairman will take the role of Executive 
Chairman; Denham Eke will take the role of Chief Executive; and Simon Hull and 
David Gibson will join the board as Non-Executive Directors. 
 
 
Denham was appointed as a Non-Executive Director of the Company in November 
2007, having been appointed in September 2007 as a Non-Executive Director of 
Conister Trust Limited (formerly Conister Trust Plc). Denham has been actively 
involved in a number of key projects for the Group. He began his career in stock 
broking before moving into corporate planning for a major UK insurance broker. 
Denham is a Director of many years' standing of both public and private 
companies involved in the financial services, property, mining and manufacturing 
sectors. Simon and David, current Managing Director and Non-Executive Director 
respectively of Conister Trust Limited, the wholly owned banking subsidiary 
based in the Isle of Man, join the board as Non-Executive Directors. David is 
also a Non-Executive Director of TransSend Payments Limited, the wholly owned 
CFG subsidiary focussed on pre-paid card operations. 
 
 
Jim Mellon, Executive Chairman, said: 
 
 
"I would like to thank Arron for his hard work and dedication to the Group in 
what has been difficult period. Denham's previous involvement in key group 
initiatives will ensure the transition will be seamless and our history of 
working closely together in other enterprises will ensure shareholder value is 
prioritised. 
"Simon has, since joining from Alliance and Leicester International, as Managing 
Director of Conister Trust Limited, energized its development as a private bank 
capable of supporting the diverse needs of high net worth individuals both on 
and offshore. David has already brought his wealth of banking knowledge and 
experience to bear on both our banking and prepaid operations and is well placed 
to assist in accelerating the development of this financial services group. 
"We have a well capitalized bank with a strong capital adequacy ratio of 17.8%, 
and with no legacy exposure to the asset classes which have ravaged other banks. 
I am confident the new executive management team is well placed to take 
advantage of the opportunities, which exist in the challenging economic 
environment. " 
Denham Eke, Chief Executive said: 
 
 
"As a long-term committed Isle of Man resident I am very aware of Conister 
Trust's 70 year history, but, at the same time, I am determined to harness the 
efforts of a strong new management team for a profitable future." 
 
 
AIM Disclosures on Simon Hull and David Gibson: 
 
 
The directorships held by Simon James Hull, 44, in the previous five years are 
as follows: 
 
 
Current                             Former 
Conister Trust Limited       Alliance & Leicester International Ltd 
                           Alliance & Leicester International Holdings Ltd 
                           Alliance & Leicester International Fund Plc 
 
 
 
 
Simon Hull has 3,342 Ordinary Shares of 25p each in the Company. 
There is no further information to be disclosed under Schedule Two (g) (i)- 
(viii) of the AIM Rules for Companies. 
 
 
 
 
The directorships held by David Gibson, 61, in the previous five years are as 
follows: 
 
 
Current                                             Former 
Chellbrook Properties Plc                     None 
Conister Trust Limited 
Mountstephen Investments Ltd 
National Counties Building Society 
TransSend Payments Ltd 
 
 
There is no further information to be disclosed under Schedule Two (g) (i)- 
(viii) of the AIM Rules for Companies. 
 
 
 
 
+------------------------------------------+ 
| For further information, please contact: | 
+------------------------------------------+ 
| Conister Financial Group plc             | 
| Denham Eke                               | 
| Tel 01624 694694                         | 
|                                          | 
+------------------------------------------+ 
| Beaumont Cornish Limited                 | 
| Roland Cornish                           | 
| Tel +44 (0) 20 7628 3396                 | 
|                                          | 
+------------------------------------------+ 
| Britton Financial PR                     | 
| Tim Blackstone                           | 
| Tel  07957 140416                        | 
|                                          | 
+------------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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