ELEPHANT LOANS & MORTGAGES PLC
                                 (the 'Company')

                               Total Voting Rights

30 June 2008

Following  the  issue and allotment of 19,752,068 Ordinary 0.03p Shares  in  the
Company,  as  announced  on 2 June 2008, and in accordance  with  the  Financial
Services  Authority's  Disclosure and Transparency  Rules,  the  Company  hereby
announces  that it has 423,317,191 Ordinary Shares of 0.03p each in issue,  each
share  carrying the right to one vote. The Company does not hold any  shares  in
Treasury.

The  above figure of 423,317,191 Ordinary Shares may be used by shareholders  in
the Company as the denominator for the calculations by which they will determine
if  they are required to notify their interest in, or a change to their interest
in,  the  share capital of the Company under the Financial Services  Authority's
Disclosure and Transparency Rules.


For further information please contact:
www.elephantloans.co.uk

Elephant Loans & Mortgages plc                    T: 020 8892 2777
Gary Miller-Cheevers, CEO

Blomfield Corporate Finance                       T: 020 7489 4500
Nick Harriss
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