Marechale Cap. Regulatory News (MAC)

15 December 2010

Marechale Capital plc

("Marechale" or the "Company")

Interim Results

Marechale Capital plc today announces its unaudited interim results for the six months ended 30 September 2010.

Chairman's Statement

Marechale has had an encouraging start to the current year and I am pleased to report its return to profitability in the six months to September 2010.

Marechale operates as a corporate finance advisory and capital fund raising business focusing on fundraising for growth companies and funds in 3 key sectors: renewable energy, leisure and infrastructure. Marechale runs a low cost business model working with its associates on a profit share basis. Marechale has had a high success rate of executing and completing projects the Company takes on. This is due to Marechale's due diligence process prior to taking on a new client and its proprietary investor relationships.

In the six month period to 30 September 2010, Marechale has completed 9 transactions which have generated sufficient cash fees to achieve a small profit. Corporate finance projects include advising a major private equity house on the refinancing of a retail business and advising an international shipping business on a co-operation agreement with a Scandinavian investment group. In the leisure sector, Marechale has completed development capital projects ranging from a fundraising of £1.5m for a Southern based, managed pub business, Heartstone Inns 2 plc, from UK wealth managers and a fundraising of £5.9m for a private equity growth capital investment in an established restaurant group.

Marechale has also had success in the renewable energy sector forming 2 clean energy development companies which have benefitted from the UK's new Feed-in-Tariffs ("FIT"). Firstly, Marechale raised development capital for Future Biogas Ltd ("Future Biogas"), an anaerobic digestion biogas business. The development capital has funded Future Biogas's first site and the company is awaiting planning permission for future sites. Marechale has, secondly, formed and funded a new solar development company based in the South West of the UK, West Country Renewables Ltd.

The above projects resulted in Marechale generating commission and advisory fees, warrants and founder equity which strengthen Marechale's balance sheet and could result in significant future gains for shareholders.

Marechale has a healthy pipeline of engaged corporate finance projects for the second half of the year, including entering the intermediary market with the planned launch of a new renewable fund for consented FIT plants, a new Venture Capital Trust, as well as a further fund raising for Heartstone Inns 2 plc.

Whilst market conditions are still challenging, the growing pipeline of businesses seeking funding and an increasing appetite amongst our client base to invest in high quality investment opportunities provide us with confidence for trading next year.

The Board continues to consider a number of acquisitions and investments in potentially complementary fund management or financial services businesses.

We hope to give you further positive updates on Marechale after the March 2011 year end.

Shareholders can get up to date information on Marechale on the Company's website www.marechalecapital.com, and a new website will be launched shortly.

Mark Warde-Norbury

15 December 2010

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This financial information has been in accordance with IFRS and International Financial Reporting

Interpretations Committee ('IFRIC') interpretations adopted by the European Union, and with those

parts of the Companies Act 2006 applicable to companies reporting under IFRS, with the prior periods

being reported on the same basis.