Director’s Appointment and Shareholding – 29 March 2011

Marechale Capital is pleased to announce that it is expected that Robin Black will be appointed to the Board as a Non-executive director with effect from 12 April 2011.  Robin has experience both in private equity and as a director of a number of businesses.

Robin has purchased a total of 1,000,000 ordinary shares of 1.0 pence each in the Company ("Ordinary Shares"): 250,000 Ordinary Shares at a price of 1.75p per share on 24 March 2011; and 750,000 Ordinary Shares from Jon Pither, one of the Company's other directors, at a price of 2.0 pence per share on 25 March 2011.  This results in Robin Black owning a total of 1,000,000 Ordinary Shares, representing 2.12% of the Company's share capital, and Jon Pither owning 5,222,318 Ordinary Shares, representing 11.01%.

The Company's Directors together with Robin Black now own 33.17% of the Company's issued share capital.

For further information please contact:

Marechale Capital
Mark Warde-Norbury / Patrick Booth-Clibborn
Tel: +44 (0)20 7628 5582

Smith & Williamson Corporate Finance
Azhic Basirov / David Jones
Tel: +44 (0)20 7131 4000

Marechale Capital is an investment banking and corporate finance business

We use our established relationships and sector specialisation to raise capital and refinance high growth companies and funds primarily in the consumer brands, leisure and retail sectors.