Short Selling Disclosure

JGD Management Corp.
                  

Form TR-4. FSA Version 2.0 September 2008

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TR-4(1) This form, or the information     Disclosure of Short Position relating
 contained within it, should be            to UK Financial Sector Company(2)
 disclosed via an RIS using the short      This form relates to the disclosure
 code SSD. :                               of short positions in compliance with
                                           the FSA's Short Selling (NO2)
                                           Instrument 2008 and the related FAQ
                                           document on the FSA's website.
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1. Full name of person(s) holding the disclosable       JGD Management Corp.
 short position(3) Specify the holder of the net
 short position. The naming of nominees or vehicle
 companies is insufficient. In the case of an
 investment manager or authorised fund manager
 managing assets on behalf of a client, the
 disclosure obligation applies at the level of both
 the entity to which MAR 1.9.2C applies and at the
 level of the investment manager or authorised fund
 manager. The investment manager or authorised fund
 manager may make a net short position disclosure
 on behalf of its client. In respect of itself, the
 investment manager or authorised fund manager is
 required to disclose its aggregate net short
 position across all of the funds it manages on a
 discretionary basis.

Where a disclosure by an investment manager or
 authorised fund manager is the same as that being
 made for its client/fund/sub-fund, it is permitted
 to make a single disclosure provided that the
 disclosure makes it clear that it applies to both
 parties. See FAQ document for further details.
:
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2: Name of the issuer of the relevant securities      Provident Financial Plc
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3: Disclosable short position(4) Figure to be
 expressed as a percentage of issued share capital.
 Disclosable short position is defined in the
 Glossary of Definitions in the FSA Handbook.
 Positions must be disclosed on a net basis of all
 holdings. All financial instruments that represent
 a direct or indirect economic interest in the
 relevant issuer must be included within such
 holdings.                                                     1.77%
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4. Date that disclosable short position was held              10/7/08
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(1) This form, or the information contained within it, should be disclosed via
an RIS using the short code SSD.

(2) This form relates to the disclosure of short positions in compliance with
the FSA's Short Selling (NO2) Instrument 2008 and the related FAQ document on
the FSA's website.

(3) Specify the holder of the net short position. The naming of nominees or
vehicle companies is insufficient. In the case of an investment manager or
authorised fund manager managing assets on behalf of a client, the disclosure
obligation applies at the level of both the entity to which MAR 1.9.2C applies
and at the level of the investment manager or authorised fund manager. The
investment manager or authorised fund manager may make a net short position
disclosure on behalf of its client. In respect of itself, the investment manager
or authorised fund manager is required to disclose its aggregate net short
position across all of the funds it manages on a discretionary basis.

Where a disclosure by an investment manager or authorised fund manager is the
same as that being made for its client/fund/sub-fund, it is permitted to make a
single disclosure provided that the disclosure makes it clear that it applies to
both parties. See FAQ document for further details.

(4) Figure to be expressed as a percentage of issued share capital. Disclosable
short position is defined in the Glossary of Definitions in the FSA Handbook.
Positions must be disclosed on a net basis of all holdings. All financial
instruments that represent a direct or indirect economic interest in the
relevant issuer must be included within such holdings.