Braveheart Investments Regulatory News (BRH)

10 November 2011

Braveheart Investment Group plc

("Braveheart" or the "Group")

Envestors secures €2.2m e-learning disposal

Braveheart (AIM: BRH), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, announces that Envestors Limited, its wholly owned subsidiary, has closed the €2.2m (£1.9m) disposal of Interactive Dialogues Limited and Interactive Dialogues NV ("ID").

ID is a leading supplier of e-learning and information solutions in Europe, enabling organisations to conduct dialogues with employees, customers and suppliers to achieve legislative compliance in areas such as Competition Law and the UK Bribery Act. The company is based in the UK and Belgium and its global client base includes Associated British Foods, Hays, E.ON AG, Alstom, PricewaterhouseCoopers, AB InBev and Xstrata.

ID was acquired by AIM-listed IDOX plc, a leading independent supplier of software and services, for an initial payment of €2m. A further €0.2m is payable one year after completion, subject to the fulfilment of certain conditions. ID's revenues for the year ended 31 May 2011 were €2.4m.

Envestors advised the owners of ID, prepared the marketing material and introduced the company to IDOX, leading to successful negotiations and culminating in the sale agreement. Envestors is working with a number of family offices that are interested in acquiring mature growing companies.

Geoffrey Thomson, Chief Executive of Braveheart, said: "It is encouraging that Envestors was able to facilitate this deal to the satisfaction of both parties in such a challenging climate."

Oliver Woolley, Managing Director of Envestors Limited, said: "Though better known for successful fundraising among our investor network to finance high-growth companies, we are increasingly identifying opportunities for the owners of more mature businesses who are considering their next move."

Further information:

Braveheart Investment Group plc

Seymour Pierce Limited

Envestors Limited

Media enquiries:

Allerton Communications

Notes to Editors

Braveheart Investment Group plc

Braveheart Investment Group makes and manages investments in young, emerging British companies, specialising in building tax efficient portfolios for business angels, high net worth individuals and family offices. Braveheart has a demonstrable track record in investing, an established client base and various funds under management. The Group has offices in Perth, London, Yorkshire and Jersey with franchise operations in Dubai and Manchester.

Following the 2010 acquisition of Envestors Limited, the London based specialist corporate finance advisory business, Braveheart offers a unique and comprehensive suite of tax efficient products to high net worth investors.

For more information: www.braveheartinvestmentgroup.co.uk

Envestors Limited

Envestors enables investors to source dynamic unquoted companies in need of growth capital. Comprising more than 1,000 fee-subscribed private investors, 14 family offices and a range of funds and venture capital sources, its network has helped over 65 companies raise in excess of £25 million, the majority of opportunities attracting taxation benefits under the Enterprise Investment Scheme (EIS).

Services to companies include intensive preparation for fundraising, initial due diligence and screening, facilitating corporate fundraising through in-demand investor presentation events and face-to-face meetings with potential investors, and placing of non-executive talent.

Envestors was awarded the "Private Investor Network of the Year" at Investor Allstars in 2009 and again in 2011 and is a subsidiary of Braveheart Investment Group plc.

For more information: www.envestors.co.uk