Milton Homes strengthens board with appointment of three Non-executive Directors

22 January 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.

Colin Wagman, Chairman of Milton Homes and Deputy Chairman of Delancey, said: “Harry, Edward and David bring extensive residential property experience as well as commercial knowledge, strong corporate governance and transaction experience to the board which I know will prove extremely beneficial in developing and growing Milton Homes and its subsidiary companies Retirement Plus and Living Plus.”

ENDS

Mainland PR

Zoe Butt
020 3008 7400

Milton Homes

Duncan Young, CEO
020 7907 8591 / 07775 783 431

Editor’s notes

About Milton Homes

Milton Homes was established late last year to consolidate various investments with a value of over £75m in the home reversion market advised by Delancey. Milton Home Assets Ltd is authorised as a provider of home reversion plans by the FSA.
Website: www.miltonhomes.co.uk

About Delancey

Delancey is an investment advisor with a reputation for consistently delivering significant returns across a wide spectrum of real estate and asset backed opportunities on behalf of its international investor base.
Website: www.delancey.com