Ambrian Establishes Private Equity Business

AMBRIAN ESTABLISHES SWISS-BASED

PRIVATE EQUITY BUSINESS

-Focus on Investments in the Mining and Metals Sector-

LONDON 3 February 2010 - Ambrian Capital plc (AIM:AMBR) announces today that it has established Ambrian Resources AG, a private equity business, in partnership with a team of three former executives from Glencore. Ambrian Resources, based in Switzerland, will be focused on arranging and managing, on behalf of investor syndicates, strategic investments in the mining and metals sector globally. Ambrian Resources will be majority owned by Ambrian Capital.

The partners in this new venture are: Nicolas Rouveyre, a former Head of the Zinc and Lead Division at Glencore and at Marc Rich + Co; Jean-Pierre Conrad, most recently with Nage Resources AG was Chief Financial Officer of the Xstrata Group between 1994 and 2001, and prior to that was an executive at Glencore; and Kilian Carrarini, who also joins from Nage Resources AG and was a former member of the Corporate Finance team at Glencore and MFC Bancorp.

"We are delighted that such a strong team of individuals is joining Ambrian," said Tom Gaffney, Chief Executive of Ambrian Capital. "Nicolas, Jean-Pierre and Kilian have extensive experience in mining and metals markets, not only in the marketing of raw materials but as deal doers who have structured complex transactions that bring together principal investing, metals marketing and logistics as well as hedging skills which are all core to Ambrian's existing areas of expertise."

For further information please contact:

Notes to Editors:

Ambrian Capital plc

Ambrian Capital plc (AIM: AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.

Ambrian Partners Limited is a specialist investment bank known in the market today for its leading positions in the mining & metals, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners has been ranked first in the AIM Basic Materials Sector in the Hemscott Advisers Rankings and was voted No 1 for small and mid-cap mining in the Extel Survey of fund managers in 2009. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Ambrian Commodities Limited is a trader and broker specialising in London Metals Exchange cleared base metals futures and options. Its customers include metals producers, consumers, merchants, traders and financial investors. Ambrian Commodities is an Associate Broker Member of the London Metal Exchange and is authorised and regulated by the Financial Services Authority.

Ambrian Metals Limited is an independent physical metals merchant with particular strengths in copper, aluminium and lead. Through Ambrian Metals' offices in London and Shanghai and agents in Calcutta, New York, Santiago, São Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.

Further information on Ambrian Capital is available on the Company's website: