Disposal of Subsidiary

3 November 2011

AMBRIAN CAPITAL PLC

("Ambrian")

Disposal of Subsidiary

Ambrian Capital PLC ("Ambrian Capital") announces that it has entered into a conditional sale agreement for the disposal of the whole of the issued share capital of its investment banking subsidiary, Ambrian Partners Limited ("APL"), to RFC Group Limited ("RFC"), the resources advisory group based in Australia. The Agreement is conditional, inter alia, upon the approval of the Financial Services Authority to the change of control of APL.The consideration for the sale, which is payable in cash, is linked to the net asset value of APL as at 31 October 2011 and as a result of the transaction it is expected that Ambrian Capital will incur a write-down of its investment in APL of approximately £1.5 million. The consideration will be applied in providing additional working capital for Ambrian Capital.APL recorded a profit before tax of £318,024 for the year ended 31 December 2010 and an unaudited profit before tax of £21,289 for the six months ended 30 June 2011. As at 31 December 2010, APL had net assets of £7,317,462 (£3,571,114 net of an intra group loan) (30 June 2011: £7,338,751 (£3,541,865 net of an intra group loan) unaudited).Commenting on the disposal Robert Ashley, the Chief Executive Officer of Ambrian Capital said:"In the current market environment, we are pleased to have agreed terms with RFC to acquire Ambrian Partners. With its sector specialism and geographic reach, RFC will enhance the services provided to Ambrian Partners' valued clients."

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About Ambrian Capital PLC

Ambrian Capital plc (AIM: AMBR) is a natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.

Ambrian Metals Limitedis an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in 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.

Ambrian Energy Limitedis a physical energy trading company focused on the supply of biofuels, crude oil and fuel oil. Ambrian Energy deploys agents in Turkey, Azerbaijan, the Middle East, South Africa, USA, Korea and Australia/New Zealand. Ambrian Energy is the founder and manager of Strategic Energy Assurance Limited, a company focused on the needs of governments' strategic petroleum reserves.

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining and oil & gas sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio. It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.

About RFC Group

Established in 1985, RFC is an independent Australian financial advisory group that has become a trusted partner for a broad range of clients across a range of resource-based industries. For over 25 years, RFC has been providing professional guidance and transaction excellence to its clients in the mining, minerals and energy industries, boasting a global network of industry contacts and a successful track record of achievement through specialist financial and technical expertise.