Directorate Change

RNS Number:0935W
London Asia Capital PLC
04 May 2007


4 May 2007

                            London Asia Capital PLC                             
                               New Office & Staff                               
                               Directorate Change                               
                                Issue of Options                                

London Asia Capital plc ("London Asia" or "the Group") the UK listed (AIM:
LDC.L) Asia focused merchant banking group, is pleased to announce the
appointment of several new staff, and the opening of a new head office in Hong
Kong.

As part of the Group's restructuring, which is now largely complete, the
business has been split into two core divisions: the investment division, London
Asia Investments Ltd (LAI), head quartered in Hong Kong and run by London Asia
Chief Executive Simon Littlewood, who has moved full time to Hong Kong to head
it up; and the operational business, London Asia Ltd (LAL), incorporated in
Cayman, headed by Victor Ng, who is based in China.

As a result of the restructuring, there have been a number of staff changes.
London Asia has significantly reduced its presence in London, as the business
focuses its resources on the booming Asian markets. London Asia has also removed
a number of staff across the Group whose skill sets did not match the revised
business model. The cost of the redundancies will not have a material impact on
2007 results, but has we believe led to a number of sales of London Asia shares
by former staff, which has impacted recently on the Group's share price.

Keefe Lai has joined London Asia's new Hong Kong office as a Corporate Finance
Manager, working primarily on exiting investments and identifying new
opportunities, both for London Asia and the funds we manage. Keefe joins from
Merrill Lynch, where he was involved in Equity Research in their Hong Kong
office. Prior to Merrill Lynch, Keefe worked in Corporate Finance at First
Shanghai Capital. Keefe has substantial transaction experience in both China and
Hong Kong, having advised on stock market listings, M&A and Public to Private
transactions. He qualified as an accountant with KPMG Hong Kong. He is a fluent
English, Mandarin and Cantonese speaker.

Elaine Wong has joined the Group's Singapore office as financial controller,
covering all our Asian operations as well as investee companies. She previously
worked for KPMG in Singapore and is a qualified accountant. Previous experience
includes executive manager for the venture capitalist company PC Holdings Ltd,
and financial controller of PC Asia Ltd in Hong Kong. Language skills include
English, Mandarin, and Cantonese, as well as Bahasa Malaysia and Bahasa
Indonesia.

Sheng Yue Teo has joined the Group's Beijing office, assisting in due diligence
and investment management, primarily focused on the Energy and Environment
sector. Before joining London Asia, Sheng Yue was Business Development Manager
for the International Association for Energy Economics in Singapore. Prior to
that, he worked for the Singaporean Government. Sheng Yue speaks English and
Mandarin.

As part of the move to ensure that the interests of the management team are
aligned with those of shareholders, and in the light of recent accounting and
staff changes, the current option scheme is being reviewed and re-aligned. 7.3
million new options, exercisable at 16p per share, have been issued to staff,
and 6.3 million options (3.55m exercisable at 20p, 2.75m at 25p) cancelled. The
net 1.0 million new options issued represent 0.4% of the current issued share
capital. There has been no change in the holdings of Board members.

Robert Spriddell has stepped down as a non-executive Director with immediate
effect to concentrate on his other commitments.

Simon Littlewood, London Asia Chief Executive, said: "The business has been
significantly restructured to match the changed business environment in which we
now operate, and address the new opportunities created by the booming Chinese
markets, the opening up of the Chinese financial services sector to foreigners,
and the restrictions placed on foreigners investing in Chinese businesses. With
strong markets in China and Hong Kong, massive surplus liquidity in the region
pushing valuations to ever increasing heights, and significant restrictions on
Chinese businesses listing overseas, the opportunity lies in investing in
Chinese businesses which are going to listing on local markets, where there is
significantly greater liquidity and higher valuations for such stocks, based on
an understanding of the risks and returns."

"Nearly 70% of our recent investment has been in the Energy and Clean Technology
sector. We have significant expertise, contacts and experience in this sector,
and will continue to commit the bulk of our resources to the sector, which we
believe presents some of the best opportunities both now and in the medium term
in the region."

"We thank Robert for all his hard work and enthusiasm and wish him every success
with his future interests. The London Asia Board now consists of three non
executive directors, and one executive director. Going forward, we intend to
strengthen the boards at the operational level, with additional appointments to
LAI and LAL."


For further information please visit www.londonasia.com or contact:

Simon Littlewood                                 John West/Matt Ridsdale
London Asia Capital plc                          Tavistock Communications
Tel: [phone]                               Tel: [phone]






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