Director's Shareholding

Dolphin Capital Investors Limited
18 December 2007

18 December 2007


                       DOLPHIN CAPITAL INVESTORS LIMITED

                            Director's Shareholding

The board of Dolphin Capital Investors Limited (the 'Company') received
notification on 17 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          19,649,300     17.12.2007   950,000    132   Common   20,599,300    8,568,225     8,924,475
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 17,400,000 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


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