10.10.2008 – 11:16

LINK Financial

LINK Financial Launches Thesis Servicing - a Brand Dedicated to Student Loan Servicing

London (ots/PRNewswire)

- Immediate Assumption of 450,000 Student Loan Accounts

LINK Financial ("LINK"), the leading European purchaser and
servicer of semi - and non-performing consumer receivables, has
launched a new brand dedicated to the administration of student
loans. The creation of Thesis Servicing is a response to the
ever-growing demand for public and private sector higher education
funding. Thesis Servicing is a purpose-built, proprietary operation
designed to act as a centre of expertise for a wide range of student
loan servicing activities in the UK and across Continental Europe.

Whilst LINK Financial has been involved in the student loans
business in an administrative function since 2006, the launch of
Thesis Servicing coincides with the assumption of full day-to-day
operational responsibilities and the transfer of 450,000 customers.
From October 2008, Thesis Servicing will administer a portfolio of
student loans which was sold by the UK Government in 1998 - as part
of the first student loan sale to the private sector - and is owned
by Finance For Higher Education Limited (FFHE).

More information on the role of Thesis Servicing can be found on
the following website: http://www.thesis-servicing.co.uk.

Paul Burdell, CEO of LINK Financial, commented: "The launch of
Thesis Servicing adds to LINK's capability to manage large portfolios
of performing consumer accounts, however complex, which are in
run-off and where investors need a reliable and efficient outsourced
servicer. We believe that this proposition will become even more
compelling as banks and consumer finance issuers review the
performance of certain product lines and the associated internal
costs of collecting them through to maturity."

Notes to the Editors

Thesis Servicing: Thesis Servicing - one of LINK Financial's
trading brands - is dedicated to the servicing of student loans in
the public and private sector in Europe, currently looking after
450,000 customers.

LINK Financial: LINK is one of Europe's leading purchasers and
servicers of semi- and non-performing consumer receivables. The
Company has acquired rights to $8.25bn of receivables, which
represents more than 2 million individual customers. LINK operates in
over 20 countries and has servicing operations in the UK, Spain,
Italy, Germany and Ireland. Institutional shareholders include HBoS,
Morgan Stanley and Cheyne Capital Management.

For further information, please contact:
    Paul Burdell / Lorenz Oesterreich
    LINK Financial,
    +44(0)20-7793-2670
    Andrew Jaques /Nick Denton
    Hogarth Partnership Limited,
    +44(0)20-7357-9477

Contact:

For further information, please contact: Paul Burdell / Lorenz
Oesterreich, LINK Financial, +44(0)20-7793-2670; Andrew Jaques /Nick
Denton, Hogarth Partnership Limited, +44(0)20-7357-9477