PPG.L Regulatory News (PPG)

8 February 2013

Plutus Resources plc

 ("Plutus" or the "Company")

Board appointments and change of Registered Office Address

The Board of the Company is pleased to announce the appointments of Charles Tatnall and James Longley to the board as Executive Director and Finance Director respectively, such appointments becoming effective immediately. Both Charles and James joined the Company in non-board capacities on 31 January 2013. James will continue to act as Company Secretary of Plutus.

Accordingly the Board now comprises Charles Tatnall (Executive Director), James Longley (Finance Director), Craig Rochford (Non-Executive Director) and Nicholas Lee (Non-Executive Director).

Charles Tatnall is primarily involved in advising and raising funds for SMEs with varying business activities ranging from advising investment and family wealth companies to reviewing investments and business opportunities together with the management of personal investments. Until 2005 he was consultant to Bolton Group PLC, a UK listed investment company, identifying and conducting due diligence on potential investment and acquisition opportunities from a broad range of industry sectors. These included natural resources, both exploration and production, electronic hardware and software, and biotechnology.

Previously he held a number of positions with public companies in North America and Canada, he was a director and founder of several micro-cap North American listed companies, being responsible for general corporate governance and all finance areas in a variety of resource and non resource business's. Charles was instrumental in fundraising and completing acquisitions. Charles was a co-founder and principal of BioProgress Technology Ltd which listed on NASDAQ OTC and later migrated to AIM. Charles held the licence for the North American business of BioProgress though a listed vehicle in North America. Earlier, Charles founded Maceworth Ltd in 1985, one of the largest corporate entertainment companies in the UK in the areas of running sporting event tented corporate villages, marquee hire, corporate sponsorship and conferences.

James Longley is a chartered accountant whose career, after leaving Arthur Andersen & Co., has been concentrated on Venture Capital/Private Equity and building growth companies. Subsequently, James worked in the Merchant Banking/Venture Capital Division of Creditanstalt-Bankverein before joining Touche Ross Corporate Finance as a Senior Manager advising on MBO's, MBI's and management teams seeking venture capital. In 1989 he co-led the £10.5 million MBI of The Wilcox Group Ltd, one of the UK's leading aluminum alloy tipping trailer manufacturers. James negotiated the equity, mezzanine finance and senior debt provided by Gartmore, British and Commonwealth Merchant Bank and TSB Bank PLC.

From 1997 to 2002 he was also co-founder, director and chief financial officer of BioProgress Technology International, Inc. (BPRG), a NASDAQ regulated company and a VMS and drug delivery system developer that used proprietary films, processes and formulations.

James was also a co-founder, director, chief financial officer of PhotoBox Limited from 2000 to 2006, a company that merged with its French counterparts, Photoways to create Europe's Number 1 online photo-finishing business. The group now enjoys a turnover in the region of £150 million and has over 22 million unique users. Private equity investors include Highland Capital Partners, Index Ventures, and HarbourVest. It acquired Moonpig.com in 2011 for circa £120 million. Concurrently, for much of his career, James has acted and continues to act for and invest in a number of small to medium businesses together with consultancy and non-executive director roles.

Pursuant to Schedule 2 (g) and rule 17 of the AIM Rules for Companies the following information is disclosed in relation to the appointments of Charles Tatnall and James Longley:

Charles Ronald Spencer Tatnall (age 48):

Charles Tatnall was a director of Maceworth Ltd in 1990 when it went into receivership with a deficit of £160,000 to creditors. The business and assets of Maceworth Ltd were eventually sold to a new entity which Charles declined to be involved with.

Charles Tatnall is currently interested in 28,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") representing 19.5% of the current issued share capital of Plutus. 21,000,000 of the Ordinary Shares are held in his own name and 7,000,000 of the Ordinary Shares are held through his self invested personal pension of which Charles is the sole beneficiary.

James Timothy Chapman Longley (age 53):

James Longley entered into an Individual Voluntary Arrangement supervised by Mr. Bennett of Berg Kaprow Lewis in 1999 for a sum of £210,000, which was paid off in full.

James Longley is currently interested in 20,000,000 ordinary shares of 0.1 pence each in the Company representing 13.9% of the current issued share capital of Plutus. 15,300,000 of the Ordinary Shares are held in his own name and 4,700,000 are held through his self invested personal pension of which James is the sole beneficiary.

There is no further information required to be disclosed in respect of the above appointments pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM Rules for Companies.

Change of Registered Office Address

With immediate effect the Company has changed its registered office address to 27/28 Eastcastle Street, London, W1E 8DH.

For further information, please contact: