Advisor to Castle Street on Acquisition

MXC Capital Limited

("MXC" or the "Company")

MXC Advises Castle Street on Substantial Acquisition

MXC is pleased to announce that it advised Castle Street Investments plc ("Castle Street") on its acquisition of C4L Group Holdings Limited ("C4L"), a successful and growing network services and data centre hosting business, for a total consideration of £20.2 million in cash and shares (the "Acquisition").

Highlights:

· MXC acted as lead adviser to Castle Street in originating and executing the Acquisition

· Acquisition of C4L is a key component in building out Castle Street's platform

· C4L brings a high quality core network infrastructure with substantial capacity for growth and a broad data centre infrastructure

· With 45 staff based in Bournemouth and Docklands, C4L provides services to over 800 customers. Over 90% of its revenues are recurring

· The Acquisition will be immediately earnings enhancing and, in line with the Company's strategy, will facilitate a broader integrated service offering to a larger client base while focusing on delivering higher margin services.

Peter Rigg, Chairman of MXC said:

"It's good to see MXC continuing to support its investee companies this way, having both originated and executed this transformative acquisition for Castle Street. The Board of Castle Street has a clear fix on the market opportunity and we have great confidence in their ability to deliver."

MXC Capital Limited

Marc Young

+44(0)20 7965 8149

Zeus Capital Limited (Nominated adviser and broker)

Nick How

+44 (0)20 3829 5000

Alma PR

Josh Royston / Hilary Buchanan

+44 (0)7780 901979/+44 (0) 7515 805218

About MXC Capital (www.mxccapital.com)

MXC is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.