Notice of AGM and Annual Report and Accounts

1 pm plc

                            ("1pm" or the "Company")

         Annual Report and Accounts and Notice of Annual General Meeting

1pm,  the  small  ticket leasing company which provides funding  for  small  and
emerging  businesses  that  have a proven payment history,  announces  that  the
report  and  accounts  for  the  year ended 31 May  2008  have  been  posted  to
shareholders  today  together  with the Notice of  the  Annual  General  Meeting
("Notice  of  AGM").   Pursuant to Rule 26 of the  AIM  Rules,  the  report  and
accounts  and  the  Notice of AGM can be downloaded from the  Company's  website
www.1pm.co.uk.

The AGM has been convened for 10 a.m. on 7 November 2008 and will be held at the
Francis Hotel, Queen's Square, Bath BA1 2HH.

Following  the  release of the final results on 30 June 2008 the  Company  would
like to issue a correction to Note 9.  The Authorised Share Capital table should
be as follows:


Authorised:
                                        No of    Nominal    Total
                                       Shares      Value
                                                       £        £
Ordinary Shares                   880,000,008  0.0006818  599,984
                                    =========   ======== ========



Enquiries

Mike Johnson, Chairman 1pm plc                                08707 397 397

Ian Callaway, SVS Securities plc                              0207 638 5600

Emily Morgan / Nick Harriss, Blomfield Corporate Finance      0207 489 4500

Shane Dolan, Biddicks                                         0207 448 1000