EIH.L Regulatory News (EIH)

22 Apr 2008 15:57

Evolvence India Holdings PLC22 April 2008 Appointment of New Board Member Douglas, Isle of Man: 22 April 2008 - Evolvence India Holdings plc ("EIH" orthe Company") (AIM: EIH.L.) is pleased to announce the appointment of Mehdi Dazito its board of directors (the "Board"). Mehdi Dazi, age 41, is currently serving as the Member of the Supervisory Boardof Vivendi, Chief Executive Officer of Emirates International Investment Companyand Chairman of Paris International Investment (2005 - to date). He is also aDirector of Global Alumina (Canada) and has worked for the United NationsDevelopment Program, in New York, as a consultant (1992); as a Research Analystand a Portfolio Manager in Deutsche Morgan Grenfell (1992 - 1995); and as aSenior Manager at Scudder Kemper Investments (1995 - 2001). He also served asthe Chief Executive Officer of Founoon Holdings, in Egypt (2001 - 02) and as aDirector of Estithmaar Ventures (2002 - 04). He also currently holdsdirectorships and partnerships in Emerging Capital Partners, Abu Dhabi IslamicBank, Dounya Park, Holland Park Capital, Holland Park Capital InternationalLimited, Holland Park Emerging Markets Fund, Babtain Leblanc and ParadigmInvestment Banking Company. Mr. Dazi is a graduate of the Institut d'Etudes Politiques de Paris, and ofColumbia University in New York Khaled Al Muhairy, Chairman, said: "Evolvence India Holdings is pleased to welcome Mehdi Dazi to its Board. Hisstrong financial background and outstanding reputation as a business leader andadvisor will be a great asset to the Company." Mr. Dazi noted: "I look forward to helping the Company build on its success as it continues todiversify its portfolio to deliver benefit to its shareholders. Evolvence IndiaHoldings is an attractive way of leveraging on India's growth story, providinginstitutional and retail investors access to a well diversified Indian privateequity portfolio." There is no further information that needs to be disclosed under Schedule Two,paragraph (g) of the AIM Rules for Companies. - Ends- About Evolvence India Holding (EIH): EIH is an Isle of Man incorporated, private equity fund of funds holding companyfocused on India. EIH is promoted by Evolvence Capital Ltd, a leadingalternative assets manager in the Middle East and South Asia, focusing onprivate equity, real estate and alternative funds management. EIH invests inIndia through Evolvence India Fund and Evolvence India Life Sciences Fund andthe fund managers' network of relationships. Contacts: Evolvence India Holdings plcKhaled Al Muhairy, Chairman + (971) 4 315 8100 Evolvence CapitalShilpa Mathai, Communications Manager + (971) 4 315 8100 shilpa@evolvence.comFairfax I.S Plc (Broker)Jonathan Brown + (44) 20 7460 4385 Seymour Pierce (Nominated Adviser)Jonathan Wright, Director, Corporate Finance + (44) 20 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange