GlobalCapital plc – Approval of resolutions presented at Annual General Meeting

GlobalCapital plc – Approval of resolutions presented at Annual General Meeting

GlobalCapital plc announced that during its Annual General Meeting held on Thursday, 24th July 2008, all the Ordinary and Extraordinary resolutions put to the General Meeting were approved by the shareholders.

Furthermore, in accordance with the Company’s Articles of Association all directors retired from office at the Annual General Meeting.

Mr. Christopher J. Pace, Mr. Nicholas Ashford-Hodges, Mr. Muni Krishna T. Reddy, Mr. James Blake, Mr. Dawood A. Rawat, Mr. Gary Marshall and Dr. Andrew Borg Cardona have been re-appointed as directors of the Company.

The Board of Directors met immediately after the Annual General Meeting and during this meeting Mr. Nicholas Ashford-Hodges was unanimously appointed Chairman of the Board.