Trading Statement/Directorate

S & U PLC 19 February 2002 RESULTS FOR YEAR TO BE 'MATERIALLY AHEAD' OF EXPECTATIONS BOARD CHANGES Consumer credit and motor finance group S&U PLC announces that, based on present indications, profits before tax for the year ended 31st January 2002, due to be announced in April, will be materially ahead of market expectations. In September 2001 the company announced that profits for the first half of the year were up 30% at £4.2 million with chairman Derek Coombs commenting that 'continued progress' was expected in the second half. In the year to end January 2001 pre-tax profits for the group were £7.6 million. S&U also announces that Bob Fisher, the company's Finance Director, is stepping down from the Board for personal and family reasons. Mr Fisher, 64, joined S&U in 1974. Pending the appointment of a successor to Bob Fisher, David Maiden, the Company Secretary, becomes the group's Chief Financial Officer, in which capacity he will report to Mr Anthony Coombs, Managing Director. In addition, Fiann Coombs has been appointed a non-executive director of the company. Mr Coombs, 32, is an economic analyst and has recently conducted a six-months' review of the company's operations which provided the background to his appointment. This information is provided by RNS The company news service from the London Stock Exchange