Directorate Change

Midas Capital PLC

("Midas" or the "Company")

Directorate Change

Midas announces that it has appointed Mr Martin Gray as a director of the Company with immediate effect.

Martin is the managing director of Miton Asset Management Limited and manages the CF Miton Special Situations and CF Miton Strategic Portfolio funds. He was a director of iimia MitonOptimal plc until March 2008 when he stepped down from the board following the acquisition of Midas Capital Partners Ltd.

Prior to his appointment he had an existing holding of 1,687,751 ordinary shares representing 2.42 per cent. of the Company's issued ordinary share capital and options to subscribe for 1,150,000 Ordinary shares under the Management Incentive Plan ("MIP"). He was today awarded a further 1,000,000 options to subscribe for ordinary shares of the Company, at an exercise price of 25p per share.

Colin Rutherford said:

"We are pleased to welcome Martin onto the board of Midas. We see it as another progressive step in the continuing turnaround of the business. People of Martin's calibre and experience are at a premium in the multi asset fund management sector."

For further information, please contact:

Roger Bennett, Company Secretary, Midas Capital plc 01392 475 917

Roland Cross, Director, Broadgate Mainland 020 7726 6111

James Steel / Antonio Bossi,

Arbuthnot Securities Limited (Nominated Adviser) 020 7012 2000

AIM Rules Schedule 2 Disclosure - for the purposes of paragraph (g) of schedule 2 of the AIM rules, the following information is disclosed:

Full name: Martin Robert Gray

Age: 59

Mr Gray holds or has held the following directorships within the last 5 years:

Mr Gray currently owns 1,687,751 Midas ordinary shares and options over 2,150,000 ordinary shares.

No further disclosures are required to be made in relation to Mr Gray under Schedule 2 (g) of the AIM rules.