Press Release 70 Date 24.10.99

Murray Financial versus Leek United Building Society Storyline: Murray heads towards it’s Waterloo Bob Goodall says “Murray may have with the greatest difficulty achieved a Special General Meeting (SGM) but why did they bother? To me it seems like they have scored an “own goal”. Most believe they will lose resoundingly at the SGM. Then the spotlight will be shined on Murray! Bob Goodall’s advice for Murray “The best thing Murray could have done would have been to have withdrawn from Leek with as much dignity as they could muster after they found almost no support for their carpetbagging proposals from ordinary Leek members.” “Now really big problems lie ahead for Murray -of their own making.” “Murray are full of talk about members democracy but what about the rights of Murray shareholders? When the bid is binned Murray shares will be unfrozen -allowing shareholders to sell if they want to. My personal opinion is that prospects for the company will not be good. Bob Goodall concludes “Murray faces its Waterloo when it’s bid is crushed at the SGM. I believe that defeat for Murray will be like a stake being plunged into the very heart of the carpetbagging corporation.” “I suggest Ken Murray is now staring down a very dark abyss.” “Other mutual building societies will then be safe from Murray Financial’s predations.” Bob Goodall co-ordinator “Save Our Building Societies” campaign tel 01727 847 370 (24hrs) Press Release 70 date: 24.10.99 (continued) Indication of the lack of support for Murray Financials bid for Leek United Building Society -which we suggest indicates a crushing defeat for Murray is likely at the forthcoming Special General Meeting (SGM) “In time (months) it has taken Murray Financial plc to recruit 100 eligible members to support the plc’s bid for Leek United, nearly 17,000 people have signed the petition to keep Leek United as a mutual building society.” Bob Goodall co-ordinator “Save Our Building Societies” campaign tel 01727 847 370 (24hrs) pager 04325 592 741