Directorate Change

RNS Number:2480R
Microcap Equities Plc
23 October 2003


              Microcap Equities plc ("Microcap" or the "Company")

                            Appointment of Director


The Company announces the appointment of Nicolas Greenstone (aged 59) as a
non-executive director with effect from 22nd October 2003.
In accordance with paragraph F of Schedule 2 of the AIM Rules Mr Greenstone's
past and present directorships over the past five years are listed below:-

Current Directorships                                Previous Directorships

Air Music & Media Group Plc                          Walgate Services Limited
Haverstock Hill Flat Management Company Limited      Walgate Trustees Limited
Prestige Publishing Plc                              Fladgate Fielder Limited
Room Service Group Plc
The Niche Group plc


Mr Greenstone was a partner in Fladgate Fielder until 14 August 2003.

The Company confirms that no other details are required to be disclosed under
paragraph F of Schedule 2 of the AIM Rules with respect to Mr Greenstone.

End

23rd October 2003



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