14 October 2008

MG Capital plc

('MG Capital' or the 'Company')

Notice of resignation of Nominated Adviser

The Directors of MG Capital announce that Nabarro Wells & Co. Limited, the Company's Nominated Adviser for the purposes of the AIM Rules for Companies ('AIM Rules'), has tendered its resignation as the Company's Nominated Adviser which will take effect from 14 November 2008. The Directors are in discussions with a replacement Nominated Adviser and are confident of making an appointment by that date.

In the absence of the appointment of a replacement Nominated Adviser on or before 14 November 2008, the Company's shares will be suspended from trading on AIM in accordance with Rule 1 of the AIM Rules.  If within one month of that suspension MG Capital has failed to appoint a replacement Nominated Adviser, the admission of the Company's shares to trading on AIM will be cancelled.

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