Loan Conversion

16 April 2010

Daniel Stewart Securities PLC

("Daniel Stewart" or "the Company")

LOAN CONVERSION

The Board of Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is pleased to announce that it has agreed that £100,000 of the £1 million two-year unsecured credit facility, which is provided primarily by FCI A.G. ("FCI Loan"), is to be converted into 5,000,000 new Ordinary Shares ("New Ordinary Shares") of 0.25p each ("Loan Conversion"). The New Ordinary Shares will be issued at a price of 2p per share.

This Loan Conversion is in addition to the loan conversion announced on 18 February 2010, whereby Daniel Stewart agreed to convert £250,000 of the FCI Loan into 12,500,000 Ordinary Shares. FCI A.G. have confirmed to the Company that following the Loan Conversion, it will be interested in 20,712,895 Ordinary Shares, representing approximately 5.05 per cent. of the enlarged issued share capital of the Company.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 21 April 2010, The Loan Conversion increases Daniel Stewart's issued share capital from 405,329,566 to 410,329,566 and represents approximately 1.22 per cent. of the enlarged issued share capital of the Company.

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About Daniel Stewart

Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.

Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.