Update re: Nominated Adviser

CIC CAPITAL LTD ("CIC" or the "Company")

Resignation of nominated adviser

CIC Capital Ltd (AIM: CICC), the consulting and advisory firm operating primarily in the resource development and energy infrastructure sectors, is pleased to provide the following corporate update.

Appointment of a new Nomad

Further to the announcement 21 March 2014 relating to the resignation of the Company's nominated adviser, the Company announces that its shares will be suspended from trading on AIM effective 07:30 a.m. on Tuesday 1 April 2014 pursuant to AIM Rules 1. If a replacement nominated adviser is not appointed within one month of this date, the Company's shares will be cancelled from trading on AIM.

The Company is seeking to appoint a new nominated adviser, a further announcement will be made in due course.

Enquiries

CIC Capital Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

The core services provided by CIC Capital Ltd. are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange www.CICCapital.com