Proposal for Polish rate cap

Provident Financial PLC
15 July 2005

Proposal for the introduction of an interest rate ceiling in Poland



As we have previously announced, a bill seeking to introduce an interest rate
ceiling was brought before the Polish parliament in June 2004.  Today, 15 July
2005, the bill completed its passage through the upper house of the Polish
parliament.  The next stage is a review by the President of Poland which must
take place within 21 days of the bill being delivered to the President.  The
President has the power to approve the bill, to veto it or to send it for
further review by a constitutional tribunal.  If it is finally approved, the
provisions of the proposal would come into effect six months later.



As we have said previously, if the bill were to pass into law, we would amend
our offer to comply with the new regulations and have made preparations for
this.  We remain confident of a successful and profitable future for our Polish
business.












Enquiries:

Media                              David Stevenson               01274 731111
Investor Relations                 Rachel Brown                  01274 731111






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