Board Changes

2 April 2012

Telford Homes Plc (AIM:TEF), the residential property developer in East London is pleased to announce the appointment of David Campbell as its new Group Sales and Marketing Director from today. Until 31 March 2012, this Board position was held by Sheena Ellwood who has stood down to pursue other interests, although she will remain with the Group advising on land acquisitions on a part time basis.

David Campbell, aged 46, has over 25 years' experience in the property development sector and has worked as a Sales & Marketing Director and Regional Managing Director for a number of major residential and mixed use developers, including the Berkeley Group, Barratt Developments and Wilson Bowden Plc. During these roles, David dealt with a range of products from traditional family homes through to complex urban regeneration schemes. As a result, he brings a wide appreciation of the development process and the importance of strategic planning for long term complex projects to Telford Homes.

Commenting on David's appointment, Jon Di-Stefano, Chief Executive of Telford Homes, said: "We are delighted to welcome David to the Board. He brings a fantastic industry track record and vast experience of the London market, which will prove invaluable to Telford Homes. David will be responsible for driving our sales and marketing strategy, which will include targeting both domestic and overseas buyers.

"The Board also joins me in extending its thanks to Sheena for all of her hard work and dedication over the last nine years."

David Myles Campbell is a director/partner or has been a director/partner of the following companies/partnerships during the previous five years:

Current Directorships and Partnerships:

• Bow Trinity (E) Management Limited
• Bow Trinity (B) Management Limited
• Bartlett View Management Limited
• STG Management (London) Limited
• Creekside Village West Limited
• Bow Bridge (Stratford) Limited
• Queen Mary's Gate Management Company
• Avantgarde - BGR Management Limited
• Telford (Stratford Management) Limited
• The Grosvenor Partnership Limited
• David Campbell Associates Limited

Directorships and Partnerships held in the past five years:

As at 2 April 2012, David holds 33,000 approved share options and 67,000 unapproved share options exercisable at 90.5 pence between 9 February 2015 and 9 February 2022.

Save for the information disclosed in this announcement, there is no further information required to be disclosed under Schedule 2 (g) of the AIM Rules.

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