Change of Adviser

4 January 2011

Mortice Plc ("Mortice" or the "Company")

Change of Adviser

The Board of Mortice is pleased to announce that Seymour Pierce Limited is appointed as the Company's Nominated Adviser with immediate effect.

Seymour Pierce is already the Company's broker for AIM purposes.

For further enquiries contact:

Mortice Plc

Manjit Rajain, Executive Chairman +91 981 800 0011

Seymour Pierce Limited

Nandita Sahgal, Nominated Adviser 020 7107 8000

Leti McManus, Broking