Blue Star Regulatory News (BLU)

18 Jul 2008 07:00



BLUE STAR CAPITAL PLC

18 JULY 2008

BLUE STAR CAPITAL PLC

("Blue Star" or "the Company")

Board Appointment

Blue Star Capital PLC (AIM: BLU), the investment company, announces the appointment of Dr Richard Leaver to the Board of Directors.

Dr Leaver, BSc, PhD, MBA, CEng., MIET, MIEEE, is the Chief Executive and co-founder of the PegasusBridge group of companies including PegasusBridge Fund Management Limited, a Guernsey fund manager specialising in Homeland Security based investments, its UK investment adviser PegasusBridge Fund Management LLP and The PegasusBridge Defence & Security Fund Limited in which the Company has invested £800,000 to date.

Haresh Kanabar, the Company's Chief Executive commented:

"We are delighted that Dr Leaver is joining the Board in line with our strategy that we set out in our Interim Accounts. Dr Leaver brings a wealth of talent and experience in the Homeland Security Industry, a sector that we believe offers real growth potential for the Company."

Ends

For further information:

Disclosure of Directorships under Schedule 2 of the AIM Rules

Dr Richard Leaver, aged 47, is or has been a director of the following companies during the previous five years:

Current directorships:

Greybrook Limited

PegasusBridge Fund Management LLP

Zimiti Limited

OmniPerception Limited

Pedagog Limited

Directorships held within the previous five years:

Imerge Limited

Toumaz Technology Limited

There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.