Trading update & Board change

RNS Number:2771B
Debts.co.uk PLC
01 August 2007

                 Debts.co.uk plc ("Debts.co.uk" or "the Group")

       Trading update for the year ended July 31st 2007 and Board changes

The Board of Debts.co.uk, the provider of debt management solutions to over
indebted individuals, are pleased to announce  that trading for the year ended
31 July 2007 has been in line with both the Board's and analysts' expectations.

Trading for the period has been strong in all areas and despite the pressures on
the IVA market the Group's broad range of products and services to clients has
meant that our revenues and earnings have held up satisfactorily.

We are now starting to see the benefit of the acquisition of Adie Financial
Solutions, a provider of Scottish Protected Trust Deeds following the
acquisition in June.

We welcome the recent developments in relation to the conduct of the industry
and in particular to the recent announcement aimed at simplifying procedures for
IVAs alongside a more equitable system of fee payments. The Board consider that
the Group is able to work well within the changes which have been suggested to
date thanks to its portfolio of businesses, which provide a full range of
services to over-indebted individuals.  Further, more efficiency within our
operating systems and the increased ability to maximise revenues from
advertising enable us to invest further in areas which provide attractive
returns for the Group.

The Board believe that all the recent developments are positive in reaching a
position with lenders and other stakeholders which ensure that the best
interests of the individual client are served in all cases, which is the major
ethos of the Group.

Whilst there still remains some uncertainty in relation to IVAs in England and
Wales, the outlook for Scottish Trust Deeds, Debt Management Programmes, Secured
Loans, Bankruptcies and Sequestrations are extremely positive. The current
market dynamics of rising interest rates, house price uncertainty, increasing
levels of debt and reducing levels of disposable incomes for individuals provide
a  scenario in which demands for our range of services will undoubtedly continue
to expand.

The Board continue to actively seek appropriate acquisition opportunities which
will complement the existing products and services offered or provide for
additional efficiencies across an enlarged client base.

It is anticipated that the preliminary results statement for the year ended 31
July 2007 will be announced on 2 October 2007 and the Board view the current
year with confidence.

Board changes

The Board also announce that Stuart Cumberland, the Finance Director, will
shortly be changing his responsibilities on the Board to take responsibility for
Strategic and Commercial Development.  Details of his successor will be released
as soon as the individual concerned has completed negotiations relating to the
termination of his current contract of employment.

Additionally, Robin Williams, a non-executive director, has left the board with
effect from July 31st 2007 in order to pursue other business activities.  The
Board would like to thank Robin for his assistance in the development of
Debts.co.uk during his time with the Group.

Enquiries:

Paul Carter, Chief Executive Officer           0870 990 9716
Debts.co.uk plc

Chris Steele                                   07979 604 687
Adventis Financial

Mark Percy / Parimal Kumar                     0207 107 8000
Seymour Pierce Limited



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