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AUGUST 12TH, 2009 - LONDON, UK (FOR IMMEDIATE RELEASE) EQUITY CAPITAL MANAGEMENT ANNOUNCES ADDITION OF RAGHU KILAMBI TO THE BOARD OF DIRECTORS

Equity Capital Management PLC (Frankfurt: A8Z) ) is pleased to announce the addition of experienced executive and merchant banker Raghu Kilambi to the board of directors of ECM.

Mr. Kilambi has had a varied and successful 20 year career in financial, operational and merchant banking roles in the technology, telecom and health care fields.

Mr. Kilambi is currently Executive VP and CFO of MyScreen Mobile Inc., an innovative mobile advertising company backed by multinational wireless company Orascom Telecom.

Previously, Mr. Kilambi was a principal of IT Services company Pangeaa Systems that grew organically and via acquisitions and was sold to CGI (GIB: NYSE). In addition, Mr. Kilambi led the growth of a technology services provider from start-up to a peak $2 billion Nasdaq valuation. including a strategic investment from Microsoft. In addition, Mr. Kilambi has led venture investment groups that invested in companies that were subsequently acquired by Yahoo and EBay.

Companies that Mr. Kilambi has been a management principal in have received awards including Forbes Magazine Top 25 Ramp Champs and Profit Magazine Hot 50 Emerging Growth Companies.

Mr. Kilambi commenced his career in the telecommunications group of Touche Ross & Co (now Deloitte & Touche). He earned his Bachelor of Commerce in Finance and Accounting with Great Distinction from McGill University in Montreal, Canada and is a Chartered Accountant.

Mr. Kilambi stated that "I am pleased to join Equity Capital Management's board of directors as we search for value-driven and distressed investment opportunities that we can buy at excellent valuations, restructure and refocus resulting in the creation of substantial shareholder value"

Mr. Gyula Csurgo, Managing Director of ECM commented that " Mr. Kilambi's successful background is a great addition to our company, I am very pleased and enthusiastic to welcome him aboard as we strive to build Equity Capital Management into a diversified well managed investment vehicle."

ABOUT EQUITY CAPITAL MANAGEMENT PLC

Equity Capital Management PLC makes opportunistic investments in a broad range of operating and real estate-related assets, portfolios, joint ventures worldwide. The management will generally target distressed opportunities, underperforming and undervalued assets and portfolios, and value creation opportunities. The principals of ECM have an average of over 20 years of investment and financial experience and together provide differentiated broad-based global relationships and a successful long term investment track record.


This release may contain certain forward-looking statements with respect to certain of Equity Capital Management PLC's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words believes, intends, expects, plans, seeks and anticipates, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Equity Capital Management PLC's control including among other things, UK domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Equity Capital Management PLC operates. As a result, Equity Capital Management PLC's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Equity Capital Management PLC's forward-looking statements.Equity Capital Management PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.