ELEPHANT LOANS & MORTGAGES PLC
                                 (the "Company")
                                        
                                     Broker

16 September 2008

SVS Securities plc has resigned as the Company's broker with immediate effect.


For further information please contact:
www.elephantloans.co.uk

Elephant Loans & Mortgages plc                         T: 020 8892 2777
Gary Miller-Cheevers, CEO

Blomfield Corporate Finance (Nomad)                    T: 020 7489 4500
Nick Harriss
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