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Press Release

Junction Steps Up Recruitment Drive To Meet Continued Growth

Immediate release: 23 July 2007

Junction, the UK's leading affinity insurance provider, has strengthened its business development, delivery and marketing and teams with the appointment of Martin Overton, Mike Edgeley and Catherine Hill.

Junction is the most successful and fastest growing personal lines affinity insurance provider in the UK with more than 1,000,000 customers and with a gross written premium of over £300million.

The announcement is part of the company's ambitious expansion plan to meet its target of three million policies under management by the end of 2009.

Martin Overton, former Chief Operating Officer of Servista, a supplier of customer care and billing services, has been appointed Business Development Director. He will have the responsibility of securing new partners for Junction.

A qualified barrister, Martin has a wealth of experience in business, commercial and proposition development. He began his career at Harveys of Bristol as General Counsel/Assistant Company Secretary and then moved to Eastern Energy (TXU) where he held a number of positions including Company Commercial Lawyer, Head of Group Strategy and subsequently Head of Business Development, before moving into management consultancy with Ernst   Young.

Mike Edgeley joins Junction as Associate Director, Commercial Delivery, responsible for developing and delivering commercial opportunities. He was previously Operations Director at First Group.

Mike started his career with KPMG in London prior to joining the Army. He served in the Parachute Regiment for 18 years, which incorporated a number of operational tours overseas. He also worked in a number of staff appointments, including the Permanent Joint Headquarters in London, involved in the planning, preparation and delivery of the Defence-wide capability and operations.

Catherine Hill joins from Conduit as Associate Director of Marketing and PR and will be responsible for B2B marketing strategies for the Junction business and joint B2C campaigns with its affinity partners. At Conduit, which is best known for its 118 888 and 118.com brands, Catherine managed the advertising, media, public relations and communications for the business.

Catherine previously held a number of Marketing Directorships including those at Bluewater, Europe's largest retail and leisure destination, and Scoot UK.

Group Director Matthew Donaldson said: "This is an exciting time for Junction and the affinity insurance market in general. These three appointments are part of a focused recruitment drive to meet the growing demand for our services. Each individual brings invaluable experience and know-how to help ensure that we implement a creative and aggressive strategy to take the business forward."