Craven House Capital Regulatory News (CRV)

1 Sep 2008 15:06



Medsea Estates Group plc

('Medsea' or 'the Company')

NON-EXECUTIVE DIRECTOR RESIGNATION

Due to increasing business commitments, Ken Burrage has resigned his position as non-executive director of Medsea Estates Group plc (AIM:MEA)  as from August 31st 2008. 

Says Burrage: 'In the current circumstances, and with growing demands on my time, I do not feel that I can continue to make a meaningful contribution to the Company. However I have great confidence in Medsea's future. I wish them well and will certainly be retaining my 400,000 shares.'

Chairman Tony Gatehouse says: ' We are sorry Ken feels he has to resign but fully understand that he has other business commitments. The Board of Medsea would like to thank him for the valuable contribution he has made.'

Ends

For further information:

Medsea Estate Group plc

Tony Gatehouse, Chairman Tel: +34 96 570 40 02

Juan Carlos Rodriguez Martinez, Chief Executive

HB Corporate

Edward Hutton Tel: +44 (0) 20 7510 8600

Media Enquiries

Threadneedle Communications Tel: +44 (0) 20 7936 9665