PMC Commercial Trust Announces Share Repurchase Program

PMC Commercial Trust, a real estate investment trust, announced today that its Board of Trust Managers has authorized a repurchase of its shares of common beneficial interest over the next two years of up to $10 million pursuant to a Rule 10b-18/10b5-1 Repurchase Plan.

The Company will commence repurchasing common shares of its beneficial interest following the expiration of its normal blackout period, which will occur after its third quarter earnings announcement scheduled for November 6, 2008. The Company may repurchase common shares of its beneficial interest on the open market or through a broker or through privately negotiated transactions.

Lance B. Rosemore, Chairman of the Board and Chief Executive Officer stated, “We believe that repurchasing our common shares of beneficial interest represents an attractive and appropriate investment.”

PMC Commercial primarily originates loans to small businesses primarily secured by real estate.