Directorate Changes

6 Aug 2008 12:55

Cubus Lux plc ("Cubus Lux" or the "Company") Directorate changes

The Board of Cubus Lux announces the following board changes:

1. The appointment at today's AGM of Francisco Alvarez Molina as a

non-executive Director; and

2. The resignation from the Board of Haggai Ravid, who retired by rotation at

today's AGM, and due to other commitments did not seek re-election.

Francisco Alvarez Molina (known as Paco) brings with him significant experience in financial markets, having held the position of chief financial officer of the Valencia Stock Exchange from 1995 until 2000. Prior to that, he worked for the Paris Bourse Stock Exchange for 23 years. As vice president between 1992 and 1995, he was responsible for the international relationships of the Paris Bourse having previously headed the team which designed and implemented the current trading platform NSC which has been adopted by Euronext. More recently, in 2003 Francisco set up ETICA Soluciones Financieras, an independent company offering financial services to entrepreneurs and individual investors, after a spell as deputy manager of Banco Inversion, which he joined in December 2003 to develop the bank's strategy in Spain following its acquisition by the HVB Group.

In addition, Paco is the author of 3 economics books, has a PhD in electronics applied to finance (Paris Sorbonne University), an MBA from the INSEAD (Fontainebleau) and has received the following accolades:

- 1997 - president of the Fundacion de Estudios Bursatiles y Financieros

- 1998 - president of the European Association of Financial Centres

- 2000 - he was designated as `the economic man of the year' within the Valencia region by the regional government

- 2001 - nominated `Chevalier de l'Ordre du Merit Civil' by the Frenchgovernment for the activities developed to promote the French economicalaspects around the world.Paco's directorships are:Current Last five years Etica Soluciones Financieras SA Promociones y Construcciones Ventillo SL Gesfesa Valencia SA Banco Inversion SA Hispanet Tesoreria Sicav SA Encinafres SL Ediciones Cybermonde SL Eco3 Multimedia SA Air Keeper SL Instituto Financiero Anaf SL

Save as set out above, there are no other disclosures in respect of these changes that fall to be made under Rule 17 or paragraph (g) of Schedule 2 to the AIM Rules for Companies.

For further information please see www.cubuslux.com or contact:

Steve McCannCubus Lux plc+385 (0)99 214 9636Simon Sacerdoti/Liam Murray, Nominated AdviserDowgate Capital Advisers Limited+44 (0)20 7492 4777Kealan Doyle, BrokerLewis Charles Securities Limited+44 (0)20 7456 9100Pam SpoonerCity Road Communications+44 (0) 20 7248 8010+44 (0)7858 477 747