RUR.L Regulatory News (RUR)

16 October 2013

Rurelec PLC

("Rurelec" or "the Company")

Board Changes

Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, is pleased to announce the following changes to the Board:

· The appointment of Andrew Morris, the current Non-Executive Chairman, as Group Finance Director

· Elizabeth Shaw, will now focus on financing operations in South America

· Colin Emson joins the Board as Non-Executive Chairman

· Brian Rowbotham is appointed as Senior Independent Non-Executive Director

As a result of these changes to the Board the Audit, Remuneration and Nomination Committees will now comprise:

· Audit Committee - Brian Rowbotham (Chairman), Colin Emson and Larry Coben

· Remuneration Committee - Larry Coben (Chairman), Colin Emson and Brian Rowbotham

· Nomination Committee - Colin Emson (Chairman), Larry Coben and Brian Rowbotham

Commenting on the appointments, Peter Earl, Chief Executive Officer said:

"I am pleased to say that with the new developments of the Rurelec Group in South America and as the Company continues to grow, we have reorganised our Board of Directors to ensure that we have the strength in depth to deliver the corporate strategy in a demanding environment. To that end Liz (Elizabeth Shaw) will now be taking on a more focused role in funding our developments in South America whilst Andrew concentrates on the operational finance role as Group Finance Director.

"We are also delighted to welcome both Colin and Brian to the Board of Rurelec. They bring with them a wealth of experience and expertise and will be a great asset to the Company. We very much look forward to working with them."

Colin Emson has been the Executive Director of the Robert Fraser Group since 1979, dealing with commercial loans and merchant banking, corporate finance, ship owning and finance, Lloyds of London insurance broking, property investment syndication and finance, investment company acquisitions and mergers, hotel owning and development. He is a designated member of the business consulting firm Robert Fraser & Partners LLP and was co-founder in 1967 of the specialist finance, insurance broking and investment consultancy Emson & Dudley. He is also Chairman and a director since 1988 of Sterling Trust Limited ("Sterling Trust"). Sterling Trust holds 303,942,303 Ordinary Shares of 2p each in Rurelec, amounting to 54.775% of the issued share capital of the Company. Mr Emson is a not a beneficiary of Sterling Trust.

Brian Rowbotham qualified as a Chartered Accountant with Deloitte and Touche and is a Fellow of the Institute of Chartered Accountants in England and Wales. His early career in the City included roles at Save & Prosper and F&C Management Ltd. In 1997 he joined Teather & Greenwood where, as a partner and then Finance Director, he was involved in the company's flotation on AIM and subsequent move to the Official List. Mr Rowbotham also ran his own consultancy specialising in turnarounds and start-ups until joining Hichens, Harrison & Co. Plc in January 2005.

Further information concerning Mr Colin Jack Emson, aged 72

Current Partnerships and Directorships:

Robert Fraser & Partners LLP

The Esmeralda Marine Search LLP

The Sterling Credit Group Limited

Sterling Industrial Finance Limited

Robert Fraser Hotels Limited

RF&P Limited

Robert Fraser Asset Management Limited

Robert Fraser & Partners (Nominees) Limited

Robert Fraser Corporate Finance Limited

Sterling Trust Limited

Argyle Trust Limited

Anstake Limited

Sterling Group Holdings Limited

Monomulti Limited

Sterling Credit Nominees Limited

Emson & Dudley Limited

Thames Heliport Plc

Terminal Six Heathrow Limited

Robert Fraser Group Limited

Robert Fraser Marine Limited

Sterling Credit Group Holdings Limited

Sterling Credit Guarantee Company Limited

Cadogan Trust Hotels Limited

Robert Fraser Trust Hotels Limited

Cadogan Club Limited

Consolidated Trading & Investments Limited

Sterling Corporate Services Limited

Robert Fraser & Co. Limited

Victory Link Limited

Shetland Hotels Limited

Nexthold Limited

Robert Fraser Productions Limited

The Long Barn (Hampshire) Limited

Mantis Collection Ltd.

Ellenborough Park Limited

Galahad Marine Limited

Enigma II Marine Limited

The Independent Power Corporation Plc

Enigma Recoveries Limited

Stanton A Drilling Limited

Sterling Trust Asset Management Limited

ST International Power Limited

Tauris Marine Limited

Amira Research Limited

Sterling Trust Securities Limited

Power Construction Corporation Limited

Kokbulak Resources Plc

Dominican Marine Limited

Enigma II Recoveries Limited

Shantaram Consolidation Limited

Heritage Estate Visits Limited

Power Assets Management Limited

Ellenborough Park County Club Limited

Wellesley Finance Limited (previous names: Sterling Property Finance Limited, Wellesley Property Finance Limited)

Wellesley & Co Limited (previous name: Grovepark Ventures Limited)

Financial Group (UK) Limited

Trident Investment Company

Properticorp International (No.2) Limited

Esmeralda Marine Limited

Atlantic Research Limited

Nimrod Marine Limited

Vansittart Marine Limited

Brynner Marine Limited

Roytan Marine Limited

Brettoriun Marine Limited

Nemo Marine Limited

Enigma Research Limited

Dorabella Marine Limited

Troyte Research Limited

Linbaba Marine Limited

Shantaram Research Limited

Shantaram Search and Verification Limited

Past Directorships:

First City Care (Holdings) Limited

Eating Disorders Association

Rurelec Project Finance Limited

Aquanote Limited

Ruby Marine Limited

Colony Marine Limited

Prime London Asset Management Limited

IZ Marine Limited

Imperial Zheng (2010) Limited

Robert Fraser Ocean Mining Limited

Tonga #1 Ocean Mining Limited

Tonga #1 Research Limited

Stanton B Drilling Limited

Stanton C Drilling Limited

Colin Emson is not currently beneficially interested in the issued share capital of the Company.

There is no further information required relating to Colin Emson to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Further information concerning Mr Brian Rowbotham, aged 62

Current Directorships:

Mountbeach Associates Limited

Prospects Services Limited (formerly known as Prospects Careers Services Limited, South London Careers Services Limited)

Hot Rocks Investments Plc (formerly known as Halcyon River Investments Plc)

Latin Bio Limited (formerly known as Latin Biofuels Ltd)

Sloane Climate Change Finance Limited

Sloane Corporate Finance Advisors

Sloane Corporation Limited

Sloane Project Finance Limited

Prospects Group 2011 Limited

Andean Mining Corporation Limited

Cascade Hydro Limited

Sloane Corporate Finance Limited

Past Directorships:

Teliti International Plc

London Wall Nominees Limited

Religare Capital Markets Plc (also known as Hichens Harrison & Co) (formerly known as Religare Hichens, Harrison Plc and Hichens, Harrison & Co Plc)

Hichens, Harrison (Middle East) Limited

Hichens, Harrison (Ventures) Limited

Hichens, Harrison (Asia) Limited

Hichens, Harrison (South America) Limited

HDIM Limited

Blomfield Street Securities Limited

African Bio Fuels Limited

Asian Bio Fuels Limited

South America Wireless Telecommunications Limited

African Wireless Limited

Student Accommodation Company (India) Limited

Vivaldi Corporate Finance Limited

Hichens Investment Management Limited

Hichens Harrison Commodities Limited

North Star Enterprises Limited

Claridge House Services Limited

Brian Rowbotham is currently beneficially interested in 70,000 Ordinary Shares in the Company representing 0.012 per cent. of the issued share capital of the Company.

There is no further information required relating to Brian Rowbotham to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

The total number of Rurelec securities in issue is 554,892,492 for the purpose of voting rights.

- Ends -

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