Change of Adviser

Elephant Capital Plc

("Elephant Capital" or "the Company")

Change of Adviser

Elephant Capital announces that Cantor Fitzgerald Europe has been appointed as the Company's Nominated Adviser and Broker with immediate effect.

This follows the acquisition of certain assets and businesses of Seymour Pierce Limited by Cantor Fitzgerald Europe. For further information see the AIM Notice dated 8 February 2013.

For further enquiries please contact:

Elephant Capital

Vikram Lall Tel: +44 (0)162 082 5130

Gaurav Burman Tel: +44 (0)207 389 1770

Cantor Fitzgerald Europe (Nominated Adviser) Tel: +44 (0)20 7107 8000

Rick Thompson / Tom Sheldon (Corporate Finance)

Richard Redmayne (Corporate Broking)