13/03/2012

Directorate Change

Eurovestech, the high technology development capital fund, is pleased to announce that David Ristow has today been appointed to the board as Director of Investments.

David is joining Eurovestech from KSS Retail, Inc., a former investee subsidiary of Eurovestech, where he has been Chief Financial Officer since 2007. He is replacing Jean-Michel Petit who has resigned from the board with effect from 31 March 2012 to pursue his other business interests.

In accordance with Schedule 2, paragraph (g) of the AIM Rules, Mr David Gallagher Ristow, aged 42, has confirmed he has not been a director or partner of any company or partnership within the last five years.

Mr Ristow has confirmed that there is no additional information to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM rules.

Richard Bernstein, Chief Executive of Eurovestech said:

"I am delighted that David, who we know well from his excellent track record at KSS Retail, has agreed to re-join the Eurovestech family. He is the ideal candidate to manage the investment portfolio as we seek to take it to the next
level of growth.

"The Board would like to thank Jean-Michel for his excellent contribution over the last nine years. He has played a major role in managing the investments that have created substantial value for shareholders and guiding the current
portfolio. We wish him every success with his future projects. I am pleased that he has agreed to continue to help the investee companies on matters of strategy and management at least until the end of the year, so Eurovestech will
continue to benefit from his skills and experience"

Enquiries:

Eurovestech plc

Richard Bernstein
Chief Executive
Tel: 020 7478 9070
www.eurovestech.com

Merchant Securities Limited (NOMAD)

David Worlidge/Simon Clements
Tel: 020 7628 2200