MXC Capital Limited Board Change

MXC CAPITAL LIMITED ORD NPV (LON:MXCP), the technology focused merchant bank, announced that Ian Smith, co-founder of MXC, has joined the Board as Chief Executive and will lead the strategic development of the Company going forward. Marc Young has stepped down from the Board to take responsibility for launching a new MXC investment strategy focusing on privately owned growth technology businesses. Marc played a central role in bringing MXC to the AIM market and its subsequent funding. Marc will join the Company’s Advisory Board as well as remaining Managing Partner of MXC Capital Markets LLP.

The Board welcomes Ian Smith to the role and would like to thank Marc Young for his contribution to the Board during the past three years.

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies (“AIM Rules”):

Andrew Ian (“Ian”) Smith, aged 53, holds 518,550,515 ordinary shares of no par value in the capital of the Company (“Ordinary Shares”), representing 15.44% of the total voting rights. Of these, Ian holds 472,750,220 Ordinary Shares personally, with the remaining 45,800,295 held by his Self-Invested Pension Plan.

Current Directorships	Directorships held over the last 5 years
Unitranche Ltd	Fastnet Systems Plc
MXLG Acquisitions Limited	Dialnet Plc
MXC Guernsey Limited	MXC Capital Finance Limited
	Mathian (CM) Limited
	Mantin Capital Limited
	Castleton Software Solutions Ltd
	Castleton Managed Services Ltd
	Castleton Technology Intermediate Holding Company Limited
	Castleton Technology Holdings Limited
	Castleton Technology plc
	Kypera Holdings Limited
	Kypera Limited
	Homteam.Net Limited
	Castleton Financial Modelling Solutions Ltd
	Impact Applications Limited
	MXC Holdings Limited
	365 Agile Limited
	Montal Group Limited
	Montal Computer Systems Limited
	Redcentric Plc
	MXC Capital (UK) Limited
	Redstone Converged Solutions Limited
	MXC Capital ListCo plc
	Mathian (Newco) LLP

Ian Smith was a director of Decorum Networks Limited which was dissolved on 30 August 2007 with a deficiency to creditors of £619,305. Ian was also a director of Broadblue Catamarans Limited which was dissolved on 29 November 2016 and Broadblue Catamarans Sales Limited which was dissolved on 5 August 2009. The aggregate deficiency to members and unsecured creditors of both companies was estimated at £612,593.

Save as set out above, there is no information specified by paragraph (g) in Schedule Two to the AIM Rules that is required to be disclosed.

MXC Capital is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.

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