TIDMOPM 
 
RNS Number : 9804V 
1PM PLC 
11 November 2010 
 

                                    1PM PLC 
                                   (AIM: OPM) 
 
                         New Block Discounting Facility 
 
1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance 
to the SME sector, is pleased to announce that it has agreed a new block 
discounting facility of up to GBP500,000 ("the BD Facility").  The BD Facility 
will be exclusively used for the purpose of writing new lease contracts 
 
As previously announced, trading in the financial year to date has been very 
positive.  Since the start of the financial year (31 May 2010) the lease 
portfolio has grown by 34.5 per cent. and as at 31 October 2010 was valued at 
GBP8.7m adding value to our balance sheet.  Block discount funding is an 
important source of funding to the Company and, alongside the loan from Ron 
Russell announced in October, the BD Facility will provide additional capital to 
support further growth of the lease portfolio. 
 
Michael Johnson, Chairman of 1pm, commented: 
 
"It is excellent news that we have agreed a new block discounting facility which 
we believe shows improving confidence in 1pm and the market which we operate. 
Given the very strong growth in sales this financial year the timing of new 
funds is pleasing as we are seeing a significant opportunity for 1pm to take 
further advantage of improving market conditions." 
 
+-----------------------------------+-----------------------------------+ 
| Contacts:                         |                                   | 
+-----------------------------------+-----------------------------------+ 
|                                   |                                   | 
+-----------------------------------+-----------------------------------+ 
| 1pm plc                           |                     www.1pm.co.uk | 
+-----------------------------------+-----------------------------------+ 
| Mike Johnson, Chairman            |              +44 (0) 844 967 0944 | 
+-----------------------------------+-----------------------------------+ 
| Maria Hampton, Managing Director  |              +44 (0) 844 967 0944 | 
+-----------------------------------+-----------------------------------+ 
|                                   |                                   | 
+-----------------------------------+-----------------------------------+ 
| WH Ireland Limited                |              www.wh-ireland.co.uk | 
+-----------------------------------+-----------------------------------+ 
| Mike Coe / Marc Davies            |              +44 (0) 117 945 3470 | 
+-----------------------------------+-----------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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