Marechale Cap. Regulatory News (MAC)

12 April 2011

Marechale Capital plc

("Marechale Capital" or the "Company")

Director's appointment

Marechale Capital is pleased to confirm that, as announced on 29 March 2011, Robin Black has joined the Board as a Non-executive director with effect from today. Robin qualified as a chartered accountant with KPMG and has experience in private equity as a former partner of Botts & Company Limited and as a director of a number of public and private businesses. He holds 1,000,000 ordinary shares of 1.0 pence each in the Company, representing 1.91% of the Company's share capital.

For further information please contact:

The names of those companies of which Robin Kennedy Black (aged 53) has been a director in the previous five years are set out below:

Notes:

1. ICDG is in the process of a solvent winding up.

2. Mr Black was appointed a non-executive investor representative director of Artesian Holdings Limited in May 1999; this company entered receivership in February 2005 with an estimated deficiency to creditors of £25 million and was dissolved in September 2009.

3. Mr Black was appointed a non-executive investor representative director of Auto Online Limited (subsequently re-named AO Realisations Limited) in April 2000 and resigned as a director in December 2001; this company entered receivership in December 2001 with an estimated deficiency to creditors of £0.4 million and was dissolved in June 2004.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies in respect of Mr Black.