Press Release

Devonshire Capital
September 2006

Devonshire Capital in Strategic Tie Up with UK Investment Bank, Zeus Capital

Devonshire Capital and Zeus Capital have come together in a strategic tie up to promote cross border investment banking activities throughout Asia and the UK.

Both Devonshire and Zeus are actively involved in a wide range of investment banking activities and have developed a reputation for innovation and working with strong entrepreneurial clients.

With Devonshire having a presence in Singapore, Kuala Lumpur, Bangkok, New Delhi, Hong Kong and Seoul, and Zeus having offices in London and Manchester, it provides a solid platform to originate deal flow and to provide high quality cross border execution services.

Philip Newson, Chairman of Devonshire Capital, commented:
“The senior professionals behind Devonshire and Zeus have strong origination capability and entrepreneurial flare.  Our organisations, in terms of structure and culture, are very similar and we look forward to developing a long and successful relationship”

Ian Currie, Chairman of Zeus Capital Holdings, commented:
“We are already seeing a number of interesting cross-border opportunities from fund raising and investment opportunities through to traditional advisory assignments.  In particular, our strength as a Nominated Adviser and Broker provides a great opportunity for Asian businesses looking to raise funds and list on AIM”

Notes to Editors:
Devonshire Capital is an independent merchant banking organisation, with over ten years of experience operating from strategic office locations in China, India, Korea and Southeast Asia. Devonshire Capital’s growing team of Western and Asian professionals have successfully completed a large number of significant corporate transactions throughout Asia with some of Asia’s most prominent corporations and high net worth individuals. Devonshire Capital was formed in 1995 by Philip Newson and Andrew Affleck.

The Zeus Group is a financial services group formed in October 2003 by Ian Currie and Richard Hughes.  With offices in London and Manchester it provides a range of services to a substantial and diversified client base that includes corporations, financial institutions and high net worth individuals.  In 2005, Zeus Capital Limited, the corporate finance arm of Zeus completed over £300m of transactions and opened an office in London.  Other highlights for Zeus in the last 12 months included the acquisition of Catalyst Securities and the formation of Zeus Private Equity.

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