NETWORK DATA HOLDINGS PLC
("Network Data" or the "Group")
Business update
The Board of Directors of Network Data notes that the Financial Services Authority has today issued a notice varying the permissions of its mortgage broking network subsidiary, Network Data Limited, such that it cannot conduct new regulated business. Mortgage Broking Solutions Limited, the mortgage broking network acquired from the Manchester Building Society in October 2008, and separate subsidiary of the Group, continues to trade as normal.
Further announcements will be made in due course.
Enquiries:
Richard Griffiths
Chief Executive, Network Data Holdings
Tel: 01932 875 728
John Riddell
Noble & Company
Tel: 020 7763 2200
