Director's Shareholding

Dolphin Capital Investors Limited
17 December 2007

17 December 2007


                       DOLPHIN CAPITAL INVESTORS LIMITED

                            Director's Shareholding

The board of Dolphin Capital Investors Limited (the 'Company') received
notification on 14 December 2007 that Miltos Kambourides' indirect interest in
the Company has changed as follows:

 PDMR          Total number    Date of     Purchase  Price  Class of  Total number  Total number  Total number
                 of shares   transaction  of shares   per    shares     of shares     of shares     of shares
                controlled                           share             controlled    indirectly    indirectly
                  before                                                following   owned  before    owned
               notification                                           notification  notification    following
                                                                                                  notification
Miltos         17,149,300     14.12.2007  2,500,000    131   Common   19,649,300     7,630,725     8,568,225
Kambourides                                  (A)            shares of         (B)           (C)           (C)
                                                     pence   EUR0.01

Notes:

(A) indirect interest, acquired as a result of Mr. Kambourides holding a 37.5% 
shareholding in Silver Capital Holdings Limited.


(B) indirect interest, held as a result of Mr. Kambourides holding (1) a 75%
shareholding in Dolphin Capital Holdings Limited,  which holds 3,199,300 common
shares. Dolphin Capital Holdings Limited is the holding company of Dolphin
Capital Partners Limited and (2) a 37.5% shareholding in Silver Capital Holdings
Limited, which holds 16,450,000 common shares.


(C) the resulting pro rata interest for Mr. Kambourides resulting from his
interest in the companies that hold the common shares.

For further information, please contact:

Dolphin Capital Partners Limited
Miltos Kambourides / Pierre Charalambides
[e-mail] / [e-mail]

Grant Thornton Corporate Finance                       Tel: [phone]
(Nominated Adviser)
Philip Secrett

Panmure Gordon                                         Tel: [phone]
(Broker)
Richard Gray / Dominic Morley / Andrew Potts

Financial Dynamics                                     Tel: [phone]
Stephanie Highett / Nicole Marino


                      This information is provided by RNS
            The company news service from the London Stock Exchange