SENIOR MANAGEMENT APPOINTMENT

SENIOR MANAGEMENT APPOINTMENT

RICHARD TRAY JOINS EXECUTIVE TEAM

Concha PLC ("Concha" or "the Company"), the AIM listed Investment Company focused on high impact global opportunities within the mobile, internet, sports, social media, digital and technology space, is pleased to announce the appointment of Richard Tray to its senior executive management team with immediate effect.

Mr Tray, aged 54, held senior investment banking and capital markets roles in structured finance at JP Morgan until 2004 when he formed Traycer, an independent financial consultancy serving managers of mainstream and alternative assets. In 2009 Richard became a Founder Partner of Traycer LLP, a boutique corporate finance and capital markets firm focusing on private placements (equity and debt) for corporates, entrepreneurs and funds, and debt advisory/restructuring services for unquoted SME clients.

In 1983 Mr Tray graduated from Cambridge University with a B.A. (Hons) in Economics and after a period with Chase Investment Bank in London, went on to obtain a Master's Degree in Business Management from Yale School of Management, USA in 1989. Later that year he joined GE Capital Corporate Finance Group, handling Leveraged Buy-Out and Acquisition finance before becoming a Director of Loan Syndications and Asset Sales at Chase Investment Bank in London.

Moving to the Structured Capital team of J.P. Morgan plc (formerly Chase Manhattan plc) in 1991, Richard was appointed as Group Head of Structured Capital - Europe in 1993 and promoted to Managing Director in 1998. In January 2002 Richard was appointed as Managing Director of Corporate Securitization with J.P. Morgan Securities Limited.

Commenting on the appointment Chris Akers, Chairman said "We are delighted to welcome Richard to the executive team. His wealth of financial experience at the most senior level will prove a great asset to the Company's ongoing development."

Contact:

Chris Akers, Executive Chairman

[email protected]

SPARK Advisory Partner Limited (Nominated Advisor) +44 (0)203 368 3550

Sean Wyndham-Quin

Mark Brady

Buchanan (Financial PR) +44 (0)207 466 5000

Mark Edwards