R4E.L Regulatory News (R4E)

24 May 2011

FIRST ARTIST CORPORATION PLC

("First Artist" or "the Company" or "the Group")

Board appointment

The Board of First Artist Corporation plc (AIM: FAN), is pleased to announce that it has appointed Marcus Yeoman as a non-executive director with immediate effect.

Marcus Yeoman is currently non-executive director of AIM listed Avisen plc. He is also a non-executive director of three PLUS quoted companies, as well as holding directorships of a number of private companies which have engaged him principally to assist them with their growth strategies. His early career started with the formation of three companies in IT infrastructure and distribution, after which he moved into small company broking and corporate work with Rathbone Stockbrokers Limited and Cheviot Capital (Nominees) Limited. In 1999, he led a management buy-in into a golf products company with external debt and equity funding. In 2003, Marcus established Springtime Consultants Ltd and has been acting as a consultant or non-executive director to smaller companies in the high growth sector. He has also assisted a number of quoted companies with M&A work.

Commenting on the appointment, CEO of First Artist, Jeremy Barbera,said:

"We are delighted that First Artist has attracted someone of Marcus' calibre to the Board. Marcus has 20 years experience as a director of growing companies in addition to first rate plc understanding at the highest levels.

"I believe Marcus is the perfect candidate to help us deliver our stated goal of reshaping the Company as a highly focused media and entertainment business, and I look forward to working with him."

Mr. Yeoman currently holds beneficial interest in respect of 50,000 Ordinary Share in the Company representing 0.08 per cent of the issued share capital.

There is no other information that is required to be disclosed under paragraph (g) of Schedule Two to the AIM Rules for Companies of the London Stock Exchange.

-End-

Enquiries:

First Artist Corporation Plc

Jeremy Barbera/David Stoller/ Shirley Stapleton Tel: +44 20 79930000

Seymour Pierce Limited

Stewart Dickson /Tom Sheldon Tel: +44 20 71078000

Bishopsgate Communications Limited

Deepali Schneider/Natalie Quinn/Duncan McCormick Tel: +442075623350

firstartist@bishopsgatecommunications.com