INVESTOR RELATIONS

STM Group PLC (AIM: STM), the multi-jurisdictional financial services group, is pleased to announce the appointment of a new Chairman and the successful passing of the resolution put to today's Extraordinary General Meeting ("EGM").

As of 1 January 2015, Michael Riddell will be appointed Chairman of the Group, with Julian Telling stepping down from the Board as announced at the Interim results on 9 September 2014. It is the intention of the Board to seek the appointment of at least one further Non-Executive Director. Further announcements will be made at the appropriate time.

The passing of the resolution at today's EGM to amend the Articles of the Group gives STM the authority to buy back its own shares, subject to certain restrictions. The Board considers that this authority is in the best interests of shareholders given the balance sheet strength of the Group and the occasional opportunity to purchase the Group's shares.

Commenting on Julian Telling's time as Chairman, Colin Porter, Chief Executive of STM, said:

"On behalf of the Board I would like to formally acknowledge Julian's contribution at a time when STM was undergoing significant strategic change. The business is now much more focused on providing specialist products and services through an ever expanding distribution network, which more closely reflects today's market opportunity. 

"The combination of scalability of distribution and the annuity income streams from these products puts STM in a very strong position going forward. The Board considers the prospects of the Group to be very favorable, in no small part thanks to Julian's contribution."

For further information, please contact:

Notes to editors:

STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.

Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.

STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

Further information on STM Group can be found at www.stmgroupplc.com