ACP Capital Directorate change - Schedule 2 announcement

29 November 2006

Further to the announcement by ACP Capital Ltd (AIM: APL) on 28 November 2006 of the appointments of Craig Stewart and Hilary Valentine as non-executive directors, Nikolaj Larsen as Head of Strategic Investments and Eric Youngblood, as Chief Financial Officer (subject to final approval from the Jersey Financial Services Commission), the information required by Schedule 2 is set out below.

Full Name -     HILARY PATRICIA VALENTINE
Maiden name - PATTERSON
Age -      45

Hilary is currently a director of:        

  • ACP Investment Management Limited
  • Billiton ESOP Trustee Limited
  • British Airways Employee BenefitsTrustees (Jersey) Ltd
  • Computershare Investor Services (Channel Islands) Limited
  • Computershare Nominees (Channel Islands) Limited
  • Computershare Trustees (C.I.) Limited
  • Reckitt Benckiser Employees' Trustees (Jersey) Ltd
  • Stamford House (Jersey) Limited

Hilary has not held any other directorships or partnerships in the previous 5 years, except as disclosed above.

Full Name -     CRAIG ANDREW STEWART
Age -      41

Craig is currently a director of:

  • ACP Investment Management Limited
  • Automotive Design Limited
  • Billiton ESOP Trustee Limited
  • British Airways Employee BenefitsTrustees (Jersey) Ltd
  • Burrage Funds Limited
  • Commerzbank Global Alternatives Limited
  • Computershare Investor Services (Channel Islands) Limited
  • Computershare Nominees (Channel Islands) Limited
  • Computershare Trustees (C.I.) Limited
  • ETF Securities Limited
  • ETFS Commodity Securities Limited
  • ETFS Oil Securities Limited
  • Gold Bullion Holdings (Jersey) Limited
  • Gold Bullion Securities Limited
  • HB Multi-Strategy Fund Limited
  • Investor Resources International Limited
  • OH Securities Limited
  • Ordnance Nominees Limited
  • Parket Limited
  • Personal Choice Portfolios Limited
  • R&H Fund Services (Jersey) Limited
  • R&H Investments Limited
  • R&H Registrars (Jersey) Limited
  • Reckitt Benckiser Employees' Trustees (Jersey) Ltd
  • Royal Bank Of Scotland Fund Managers (Jsy) Ltd
  • Stamford House (Jersey) Limited
  • Woodbourne Nominees Limited
  • Woodbourne Secretaries (Jersey) Limited

Craig has also held the following other directorships or partnerships in the previous 5 years:

  • Cofina Limited Gold
  • Bullion Securities April 2004 Limited
  • R&H Fund Services (Guernsey) Limited
  • Renaissance Fund Management (Jersey) Limited
  • Volcafe International Limited
Full Name -     NIKOLAJ LARSEN
Age -      31

Nikolaj is currently a director or partner of:

  • Nordsee GmbH A
  • CP Capital U.K. LLP

Nikolaj has also held the following other directorships or partnerships in the previous 5 years:

  • S.N. Properties (Luxembourg)
  • S.N. GP S.a.r.L.
  • Property Langenfeld S.a.r.L.
  • Property Augsburg S.a.r.L.
  • Property Weinheim S.a.r.L.
  • Property Trier S.a.r.L.
  • Property Bamberg/Muenchen S.a.r.L.
  • Property Hof S.a.r.L.
  • Property Siegen S.a.r.L.
  • Property Gelsenkirchen S.a.r.L.
  • Property Wuerzburg S.a.r.L.

Nikolaj owns 700,000 ordinary shares in the Company, representing 1.1% of the Company's issued share capital.

Full Name -     ERIC YOUNGBLOOD
Age -      43

Eric is currently a director or partner of:

  • ACP Capital U.K. LLP

Eric has not held any other directorships or partnerships in the previous 5 years.

Eric owns 500,000 ordinary shares in the Company, representing 0.8% of the Company's issued share capital.

There is no other information required to be disclosed in accordance with Schedule 2(g) of the AiM Rules.