Issue of Equity – 31 March 2011

Marechale Capital is pleased to announce that it has raised £100,000 (before expenses) in a placing of 5,000,000 new ordinary shares of 1.0 pence each in the Company ("Ordinary Shares") at a placing price of 2.0 pence per share.  Application has been made for the new Ordinary Shares to be admitted to trading on AIM and this is expected to become effective on 6 April 2011.

Following admission of the new shares referred to above, the total number of Ordinary Shares in issue and voting rights will be 52,437,410 (no Ordinary Shares are held in treasury) and the interests of the Company's Directors (together with Robin Black who is expected to join the Board on 12 April 2011) in the enlarged share capital of the Company is shown in the table below:



% of Ordinary Shares

Jon Pither



Patrick Booth-Clibborn



Mark Warde-Norbury



Robin Black



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.