Issue of Equity

Epicure Qatar Equity Opportunities
04 December 2007


4 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

               Proposed placing of new ordinary shares of 1c each
                    at a placing price of $1.1170 per share

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, announces that, in 
light of continuing demand from  both  existing shareholders and  potential  new
 investors, it is considering the  possibility of raising new capital through a
placing of new ordinary shares of 1c each in the Company ('New Ordinary 
Shares') at a price of $1.1170 per share (the 'Placing'), being the latest net
asset value ('NAV') as announced on 3  December 2007.

Since its admission to AIM on 31 July 2007, the Company's NAV has increased from
an initial NAV of $0.9641 to $1.1170  as reported yesterday. Qatar Insurance
Company S.A.Q., the investment adviser to the Company, has focused on investing 
a substantial part of the Company's assets prior to the last quarter of 2007,
and it is pleased with the pace of  investments that have taken place since
admission to AIM. The Company has invested approximately $156m (91% of the 
gross funds raised) in 19 companies listed in Qatar, 3 in the United Arab
Emirates and 3 in Kuwait (as of 29 November  2007), and is therefore
substantially fully invested.

Placing

Panmure Gordon (UK) Limited ('Panmure Gordon') has been appointed to act as
broker and placing agent and Helvetica  (Isle of Man) Company Limited
('Helvetica') has been appointed as distribution adviser in connection with the
Placing.  A placing agreement has been entered into on the date of this
announcement (the 'Placing Agreement') under which  Panmure Gordon and Helvetica
have each agreed, subject to the satisfaction of certain conditions, to use
reasonable  endeavours to procure subscribers for new ordinary shares to be
issued. The Placing will not be underwritten.

The Placing will be conducted in accordance with the terms and conditions set
out in a placing letter to be issued to  subscribers. The number of new ordinary
shares to be issued pursuant to the Placing (the 'Placing Shares') will be 
determined at the close of the bookbuilding exercise to be undertaken by Panmure
Gordon and is, among other things,  subject to Epicure Qatar Equity
Opportunities plc, Epicure Managers Qatar Limited, Qatar Insurance Company
S.A.Q,  Panmure Gordon and Helvetica entering into a pricing agreement.

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

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).




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