Directorate Change (4221V)

TIDMDESC

RNS Number : 4221V

Designcapital PLC

11 January 2012

designcapital plc

("designcapital" or the "Group")

Directorate Change

The Board of designcapital, the AIM listed investment company dedicated to high end contemporary furniture design, announces three Directorate changes. Mr David Henderson Stewart, Mr Pierre Rainero and Mr Philippe Herve have offered letters of resignation which have been accepted with immediate effect.

The Group is in advanced discussions with a number of individuals with a view to strengthening the Board with additional Non-Executive Directors and announcements in this regard will be made in due course.

Fred Bobo, Chief Executive of designcapital plc, said:

'David, Pierre and Philippe have been with the Group since we were admitted to AIM in January 2008 and have each played a key role in its development. I would like to take the opportunity to wish them all every success in their future endeavours"

Ends

For further information:

designcapital plc

+44 (0) 20 7554 8555

Frederic Bobo

Executive Chairman

Mike Hosie

Chief Financial Officer

This information is provided by RNS

The company news service from the London Stock Exchange

END

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