Directorate Change

IQ Holdings plc ("IQ" or the "Company")

Board changes

The Company announces the resignation of Mr John Mitchel as Finance Director with immediate effect.

The Company is pleased to announce the appointment of Mr Julian Everard Green, (aged 42) as Director.

Mr Green was previously Chief Executive Officer of the Company and has stepped in on an interim basis to augment the Board whilst the Company continues to seek a suitable reverse acquisition.

Mr Green, along with connected persons, holds 180,629,478 shares in IQ, representing 10.1 per cent of the total voting rights in the Company.

Mr Green holds or has held the following directorships or partnerships within the past five years:

The Company is also pleased to announce the appointment of Mr Russell James Darvill (aged 35) as Director with immediate effect.

From January 2007 to February 2010 Mr Darvill was group financial controller of Rivington Street Holdings plc . He was promoted to Group Finance Director from March 2010, a position he currently holds. Prior to that Mr Darvill held various accounting positions within Helponline Services Limited, Pegasus International Limited and Mediamark Publishing Limited.

Mr Darvill holds no shares in the Company.

Mr Darvill holds or has held the following directorships or partnerships within the past five years:

The Company confirms there is no other information that falls to be disclosed under Schedule 2 paragraph (g) of the AIM Rules.

For further information please contact:

IQ Holdings plc

Julian Green - Tel: 0203 176 3101

Nominated Adviser

Grant Thornton Corporate Finance - Gerry Beaney: 020 7383 5100