Completion and Directorate changes

Date: 5 February 2014

On behalf of: Castle Street Investments plc

Castle Street Investments plc

(the 'Company')

Completion of French Asset Purchase Agreement, Directorate changes and new website

Castle Street Investments plc (AIM: CSI) is pleased to announce that the French Asset Purchase Agreement has today been completed. The sum of £0.75 million, which had been retained from the overall Disposal proceeds pending the completion of the sale of the French Assets, has been received in full.

Capitalised but undefined terms shall have the meaning given to them in the definitions appearing in the circular.

The Company is also pleased to announce the appointment of Max Royde as Non-Executive Director with immediate effect. 

Max is a Partner at Kestrel Partners LLP, a smaller company fund management business. He is also a non-executive director of Gresham Computing plc.

The Company also confirms that George Elliott has today stepped down from his position as Non-Executive Chairman. Bill Dobbie, currently a non-executive director, has been appointed Non-Executive Chairman with immediate effect.

Phil Gripton, Chief Executive Officer, will be stepping down from his position as an Executive Director on 24 December 2015. Niall Stirling, Chief Financial Officer, will be stepping down from his position as an Executive Director and Company Secretary on 24 June 2015.

Castle Street Investments plc announces that, following its change of name from Cupid plc, its new website is now available at www.castlestreetinvestments.com.

For further information please contact:

Castle Street Investments plc 0131 526 3600

Phil Gripton, CEO Niall Stirling, CFO

Peel Hunt LLP (Nominated Adviser and Broker) 0207 418 8900

Richard Kauffer

Edward Fox

Notes to Editors

Further information on the Company can be found at www.castlestreetinvestments.com.

Appendix

Full name and age:

Matthew Max Edward Royde, 43 years old

Current directorships/partnerships:

Gresham Computing plc

Kestrel Partners LLP

Kestrel Investment Partners LLP

Previous directorships:

Renovo plc

Kestrel Partners LLP, a company managed by Mr Royde, holds 14,450,000 ordinary shares in the Company, approximately 20.3 per cent of the issued share capital.

Mr Royde was appointed as a Non-executive Director of Hotel Buyer Limited on 10 October 2000 and resigned on 10 May 2005. On 31 May 2005 the company was placed into members' voluntary liquidation.

There are no other disclosures to be made under Schedule 2 paragraph (g) of the AIM rules in respect of Max Royde.