Issue of Equity - Update

Epicure Qatar Equity Opportunities
10 December 2007


This announcement has been issued to update the announcement issued on 7
December 2007 to reflect a change in the  number of shares issued and the size
of the fundraising.

10 December 2007

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA,  THE REPUBLIC OF SOUTH AFRICA OR JAPAN

                          Epicure Qatar Equity Opportunities plc

 Successful placing of new ordinary shares at $1.1170 per share to raise $85.08
                                    million

Epicure Qatar Equity Opportunities plc (the 'Company'), a company established to
capture, principally through the Doha  Securities Market, the opportunities for
growth offered by the rapidly expanding Qatari economy, is pleased to announce 
that it has raised a further $85.08 million through a placing of 76,172,523 new
ordinary shares at $1.1170 per share to  add to the $171.355 million raised at
the time of the Company's admission to AIM.



Application has been made to admit the new ordinary shares to trading on AIM,
which is anticipated to take effect on 13 December 2007.

It is intended that any new ordinary shares issued will rank pari passu in all
respects with the existing ordinary  shares.

Commenting on the placing, David von Simson, Non-executive Chairman, said:

'We are delighted by the level of interest expressed in participating in the
dynamic growth of the Qatari economy and  stock market through Epicure Qatar
Equity Opportunities plc. We remain confident in the investment adviser's
ability to  uncover and exploit the most interesting growth opportunities on the
Doha stock exchange'.

For further information, please contact:

Epicure Qatar Equity Opportunities plc - +41 (0) (22) 908 1190
Leonard O'Brien

Panmure Gordon - [phone]
Richard Gray
Andrew Potts
Ashton Clanfield

M:Communications - [phone]
Tim Draper
Marylene Guernier


Panmure Gordon (UK) Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Epicure Qatar Equity Opportunities plc (the
'Company'), and for no-one else in connection with the contents of this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to customers of Panmure Gordon (UK) Limited,
or for affording advice in relation to the contents of this announcement or any
matters referred to herein. Panmure Gordon (UK) Limited is not responsible for
the contents of this document. Panmure Gordon (UK) Limited has given and not
withdrawn its written consent to the issue of this announcement with the
inclusion of the reference to its name in the form and context in which it is
included.


Members of the public are not eligible to take part in the placing referred to
in this announcement.


This announcement does not constitute or form any part of an offer or invitation
to sell or issue, or any solicitation of an offer to purchase or subscribe for,
any shares in Epicure Qatar Equity Opportunities plc, nor shall it or any part
of it or the fact of its distribution form the basis of, or be relied on in
connection with, any contract thereof. The contents of this announcement have
not been approved by an authorised person and recipients of this announcement
who intend to purchase or subscribe for shares in Epicure Qatar Equity
Opportunities plc are reminded that any such purchase or subscription may only
be made on the basis of publicly available information. Accordingly, no reliance
may be placed for any purpose whatsoever on the information contained in this
announcement or on its completeness. No representation or warranty, express or
implied, is given by Epicure Qatar Equity Opportunities plc, Panmure Gordon (UK)
Limited, Epicure Managers Qatar Limited, Helvetica (Isle of Man) Company
Limited, Qatar Insurance Company S.A.Q. or any other professional adviser as to
the accuracy or completeness of the information and opinions contained in this
announcement and no liability is accepted for the same.

This announcement does not constitute an offer to sell or issue, or the
solicitation of an offer to buy or subscribe for ordinary shares in the Company
in any jurisdiction to whom or in which such offer or solicitation is unlawful
and, in particular, is not for release, publication or distribution in or into
the United States of America, Canada, the Republic of South Africa or Japan or
(including their territories, possessions and all areas or territories subject
to their jurisdiction) or to any national, resident or citizen of the United
States of America, Canada, the Republic of South Africa or Japan or to any
corporation, partnership or other entity created or organised under the laws
thereof, or to any persons in any other country outside the United Kingdom where
such release, publication or distribution may lead to a breach of any legal or
regulatory requirement.

This announcement does not constitute a recommendation concerning the Placing.
The value of shares can go down as well as up. Past performance is not a guide
to future performance. Potential investors should consult a professional adviser
as to the suitability of the Placing for the investor concerned.

This document is not an offer of securities for sale in the United States of
America, its territories or possessions (the 'United States'). The shares to be
offered in the Placing have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act'), and may not be
offered or sold in the United States or to any 'US person' (as defined in
Regulation S under the Securities Act) except pursuant to an exemption from the
registration requirements thereof. The Company has not been registered under the
U.S. Investment Company Act of 1940, as amended and shareholders in the Company
are not entitled to the benefits of that Act.

Certain information contained in this announcement includes forward-looking
statements. Such forward-looking statements are not guarantees of future
performance. These statements are based on current expectations and beliefs and
are subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. The Company does not undertake, nor does it have any obligation, to
provide updates or to revise any forward-looking statements except as may be
required by applicable law and regulation (including the AIM Rules).






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