Real Estate Credit Investments PCC Limited announced that Chris Spencer, a Non-Executive Director of the Real Estate company and Chairman of the Audit Committee, has notified the Board that he does not intend to stand for re-election as a Director of the Company at the 2016 Annual General Meeting of the Company to be held on 16 September 2016. The Board announced that from the conclusion of the AGM, John Hallam, a Non-Executive Director since March 2016, will become Chairman of the Audit Committee. Mr. Hallam is currently a member of the Company's Audit and Nomination Committees. Sarah Evans is appointed as a Non-Executive Director of the Company. Mrs. Evans will also serve as a member of the Company's Audit Committee and Nomination Committee and will stand for election at the AGM. Sarah Evans is also a director of the UK Investment Companies' trade body, the AIC. She spent over six years with the Barclays Bank plc group from 1994 to 2001. During that time she was a treasury director and, from 1996 to 1998, she was Finance Director of Barclays Mercantile, where she was responsible for all aspects of financial control and operational risk management. Previously, Mrs. Evans ran her own consultancy business advising financial institutions on all aspects of securitisation. From 1982 to 1988 she was with Kleinwort Benson, latterly as head of group finance.