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Equest Balkan Properties PLC 

("the Company") 

Board changes 

12 October 2009

The Board of Equest Balkan Properties PLC announces that it has appointed Graham Smith and Pradeep Verma as non-executive directors, with immediate effect.

Graham Smith (51) is a chartered accountant and an Isle of Man resident. He is currently Chief Accountant of IOMA Fund and Investment Management Limited, the administrator to the Company. He has over twenty five year's financial management experience primarily in the life assurance and investment funds sectors.

Pradeep Verma, CFA (56) joined Carrousel Capital in mid 2007 as a Quant Fund Manager to develop and back test various quant strategies for its fund. Currently, he is working as a Managing Director of QuantInvest, the company he set up in September 2008 in Singapore to develop new business relationships for Carrousel Capital's flagship fund. Pradeep is a qualified CFA and CPA from USA, and ACA from India. He has over twenty five years' investment management experience.

Commenting on their appointment, Donald Lake, Chairman of the Company, said, "We welcome the appointment of Graham Smith and Pradeep Verma as positive additions to the Board."

For further information please contact: 

IOMA Fund and Investment Management Limited    01624 681250

Philip Scales                

Arbuthnot Securities Limited                                    020 7012 2000

Alastair Moreton

Hannah Pearce

AIM Rule 17 Disclosures 

Disclosures required relating to Graham Smith's appointment pursuant to Rule 17 or 

to Schedule two paragraph (g) of the AIM Rules for Companies: 

 

Current Directorships: 

None

 

Directorships in the last five years: 

 

SEIF Global Limited

SEIF (IOM) Limited

SEIF Services (Isle of Man) Limited

Smith Hanlon Limited

Disclosures required relating to Pradeep Verma's appointment pursuant to Rule 17 or 

to Schedule two paragraph (g) of the AIM Rules for Companies: 

 

Current Directorships: 

Trikona Trinity Capital plc

Trinity Capital Mauritius Ltd

Uppal IT Project Pvt Ltd.

Lokhandwala Kataria Constructions Pvt Ltd.

Luxor Cyber City Pvt Ltd.

Sankalp Buildwell Pvt Ltd.

QuantInvest Pte Ltd.

 

Directorships in the last five years: 

 

None

 

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