React Group Regulatory News (REAT)

Verdes Management plc

("VMP" or the "Company")

APPOINTMENT OF VERDES MANAGEMENT PANEL

Verdes Management plc (AIM: VMP), the specialist turnaround services provider, announces that it has established a Panel to assist VMP in sourcing and executing business opportunities.

The Panel consists of a number of highly experienced individuals working across a broad range of fields including law, accountancy, fund management and financial services. Each member of the Panel has been selected due to their significant City experience of corporate transactions and rescue situations combined in some cases with strong sector specific skills.

VMP was established to support distressed and underperforming UK companies. The Panel enhances the Company's ability to approach such companies and their shareholders whilst adding to the Company's creative thinking and overall positioning on each project. This will enable Verdes to offer truly independent advice and highly tailored solutions.

Adam Webb, CEO of Verdes said:

"I am delighted with the launch of the Panel. The track record and experience of the individuals is a significant endorsement of our business plan and greatly enhances our offering and capabilities.

We believe that the current market conditions offer significant opportunities for Verdes and with the creation of the Panel, we are now well resourced to make substantial strides in the months ahead."

The Panel comprises of:

Christopher Marsh

Chris is a corporate broker by background, having joined Phillips & Drew in 1968 and headed the Small Cap broking team at UBS Limited (London) from 1993 until his retirement from UBS 1998. From 1999 until 2004 he was part of a corporate finance advisory team at Benfield Group, specialising in insurance related deals. He is currently a non-executive director of Hilton Food Group plc and non- exec Chairman of Framlington AIM VCT 2 PLC and of Webb Capital PLC.

John Holmes

John spent 20 years at Hoare Govett, working in both the UK and USA, and then worked at Morgan Grenfell, Morgan Stanley and Credit Lyonnais. He joined the Berwick Group in 1996 and after the sale of the business to Odgers in 2001, he became responsible for leading the group's financial services practice. He is currently Chairman of Agency Partners and a senior adviser to Pure Executive Search.

Crispin Auden

Crispin trained with Richard Ellis, specialising in development funding. He became a director of property investor and developer Brookmount plc, which was sold in 1989. He founded and ran a property company and consultancy, selling a majority stake to the Summit Group in 1994. Crispin joined the main venture capital group Board and continued to build up Summit Property until 2000 when he left to join property venture capital group Palmer Capital Partners. He sold his interest in March 2008 and now runs a property consultancy and is a non-executive director of other businesses in which he has investments.

Gavin Brent

Gavin started his career in commercial surveying, initially working for a West-End firm of General Practice Surveyors and, in 1989, he joined Humberts Chartered Surveyors. He moved to Humberts Leisure shortly before the 1991 management buy-out. He has extensive professional and agency experience in all types of urban leisure and in recent years has been heavily involved with the private equity market and funding of leisure property transactions. He became a Director of Humberts Leisure in April 1999 and Managing Director in 2010.

Craig Eadie

Craig worked in London as a corporate solicitor for thirty years, first as a partner at Frere Cholmeley and then as a founding partner at Forsters. His experience included M&A and equity financing in sectors varying from telecoms and media to real estate. He joined PCP Capital Partners as a non-executive director on its formation by Amanda Staveley in 2005, and has worked for PCP in Dubai full time since 2009. During that time PCP's transactions have ranged from the sale of Manchester City Football Club, to the recapitalisation of Barclays Bank plc by Sheikh Mansour of Abu Dhabi, and more recently the purchase of Park House in Oxford Street for Qatari investors, in addition to investments within the GCC.

Leon Ferera

Leon advises companies involved in a wide range of industries on M&A transactions at Jones Day (solicitors). His experience includes acquisitions, disposals, private equity transactions, joint ventures, equity subscriptions and on capital markets transactions. Leon has particular experience in public takeovers, having been seconded for two years to the U.K.'s Takeover Panel Executive. While at the Panel he was secretary to the Code Committee, the body responsible for considering amendments to the Takeover Code.

Judith MacKenzie

Judith joined Downing in October 2009. She is primarily responsible for the small cap listed investments within the Downing VCTs. She also manages a small cap activist fund and is a Director of a number of private companies where Downing has an investment. Previously she was a partner at Acuity Capital managing AIM-quoted VCT and IHT investments and a small-cap activist fund. Prior to Acuity, Judith spent seven years as a senior investment manager with Aberdeen Asset Management Growth Capital as co Fund Manager of the 5 Aberdeen VCTs, focusing on technology and media investments in both the public and private arenas.

John Owen

John joined Matrix in 2009 as Group Chief Operating Officer and Finance Director. John has almost 30 years of experience in the financial services industry and is a specialist in change management and operations & infrastructure. He started his career in the fledgling Andersen Consulting and joined UBS in early 1990 within the European Equities division and then as MD in the Global Derivatives group. In 1998, he became one of the founding partners of Capco, a leading global provider of integrated consulting, technology, and transformation services to the financial services industry. He left Capco in 2005 to join ING as Chief Operating Officer of the Wholesale Banking division.

Philip Sykes

Phillip is Head of Corporate Advisory Services at Moore Stephens, responsible for both the Corporate Recovery and Corporate Finance practices of the firm. As a chartered accountant he has, since 1980, largely specialised in corporate reconstruction, workout and formal insolvency procedures. He has worked on projects around the world and has also undertaken numerous investigations, providing expert reports in connection with litigation proceedings in fraud and insolvency related cases.

David Williams

David is an experienced Executive & Non-Executive Director/Chairman in public & private companies with a 30 year career in blue chip retail & hospitality organisations. He retired from full time corporate roles in 2002 to found a senior executive coaching & mentoring business, Omnis Consulting. Additionally David is Chairman of the private equity backed Senturion Group, a visiting tutor at Henley Business School & an Advisor to the London Chamber Orchestra.