NewRiver Capital Board Appoin

RNS Number : 6462A

NewRiver Retail Limited

13 October 2009

NewRiver Retail Limited

Appointment of Finance Director to Board of NewRiver Capital Limited

NewRiver Retail Limited (AIM: NRR), the newly formed specialist commercial property investment and asset management company, today announces the appointment of Mark Davies as Finance Director to the Board of NewRiver Capital Limited.

NewRiver Capital is the wholly-owned subsidiary and property manager and adviser of NewRiver Retail. Mark will take up his role at NewRiver Capital on 19 October 2009.

Mark qualified as a chartered accountant in 1999 and has over ten years of real estate experience. Post-qualification Mark became a senior manager on the London real estate team at Grant Thornton before joining Pannell Kerr Foster in 2006 as Head of Real Estate. He joins NewRiver from Exemplar Properties & Omega Land where he was Group Chief Financial & Operating Officer.

David Lockhart, Director of NewRiver Retail and CEO of NewRiver Capital, said:

"In line with our stated objectives at the time of Admission we are pleased to announce the appointment of another core member of the NewRiver Capital management team. Mark's skills and experience will be an important addition to NewRiver as we advance our business model and capitalise on opportunities within the UK retail property market."

For further information:

NewRiver Retail Ltd Tel: 01481 735 540

Serena Tremlett

NewRiver Capital Tel: 020 3178 4071

David Lockhart

Allan Lockhart

Bell Pottinger Corporate & Financial Tel: 0207 861 3232

David Rydell

Rosanne Perry

BofA Merrill Lynch Tel: 0207 628 1000

(Broker & Nominated Adviser)

Marcus Jackson

Georgina Stewart

About NewRiver

NewRiver Retail is a specialist real estate investor and asset manager with particular focus on the UK retail sector. New River Retail is advised on property matters by its wholly-owned subsidiary, NewRiver Capital, whose management team, led by David Lockhart and Allan Lockhart, have more than 50 years combined experience in UK commercial property markets. The Company's activities include active and entrepreneurial asset management and risk controlled development, utilising both its own balance sheet and co-investment and joint venture structures. It is NewRiver's intention to become one of the leading sector-focused value-creating property investment businesses operating in the UK retail sector. The Company was founded in 2009 and its shares were admitted to the AIM in September of the same year.