Trading Statement

1pm plc

                            ("1pm" or the "Company")

                                 Trading Update

12 March 2009

Since  announcing its half-year results to 30 November 2008 on 15  January,  the
Company  has  been  notified  that  one of  its  block  discounting  funders  is
withdrawing from the market and another funder is reducing facilities available,
to  1pm,  based on a strategic review of their own market position.   This  will
reduce  available funding lines to 1pm by 15%.  The Company has also experienced
an  increase  in  the number of its customers requesting payment  variations  in
relation  to their finance agreements with a consequent impact on cash flow  and
the  timing  of prospective profits. As a result levels of bad debt provisioning
have also been reviewed and prudently increased.

As  a  consequence  of these factors the Company has commenced discussions  with
alternative funding sources, however in the short term both new business  growth
and financial performance will be materially below current market expectations.

The  Company also announces it has agreed to issue 6,060,607 new ordinary shares
of  0.06818p  each  ("Ordinary Shares") at a price of 0.165 pence  per  Ordinary
Share  and pay £20,000 in cash to InvestNorthWest Limited in settlement of  fees
relating  to  previous fundraisings.  It is anticipated that dealings  in  these
Ordinary Shares will commence on 27 March 2009.

Mike Johnson, Chairman stated:

"Over the last few months we have taken steps to reduce the average size of  our
loans. We have also implemented a wider review of our cost base which is already
starting  to  yield  tangible cost savings for the  group.   Whilst  short  term
business  growth  will be lower, we are confident that our strong  relationships
within  the  marketplace will enable us to develop new funding sources  to  take
advantage of future opportunities."

Enquiries

Mike Johnson
Chairman 1pm plc                   08707 397 397

Ian Callaway
SVS Securities plc                 020 7638 5600

Emily Morgan                       01275 871717
Nick Harriss                       020 7489 4500
Blomfield Corporate Finance

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