Directorate Change

13 March 2012

                                Eurovestech plc                                

                       ("Eurovestech" or "the Company")                        

                              Directorate Change                               

Eurovestech, the high technology development capital fund, is pleased to
announce that David Ristow has today been appointed to the board as Director of
Investments.

David is joining Eurovestech from KSS Retail, Inc., a former investee
subsidiary of Eurovestech, where he has been Chief Financial Officer since
2007. He is replacing Jean-Michel Petit who has resigned from the board with
effect from 31 March 2012 to pursue his other business interests.

In accordance with Schedule 2, paragraph (g) of the AIM Rules, Mr David
Gallagher Ristow, aged 42, has confirmed he has not been a director or partner
of any company or partnership within the last five years.

Mr Ristow has confirmed that there is no additional information to be disclosed
in accordance with Schedule 2, paragraph (g) of the AIM rules.

Richard Bernstein, Chief Executive of Eurovestech said:

"I am delighted that David, who we know well from his excellent track record at
KSS Retail, has agreed to re-join the Eurovestech family. He is the ideal
candidate to manage the investment portfolio as we seek to take it to the next
level of growth.

"The Board would like to thank Jean-Michel for his excellent contribution over
the last nine years. He has played a major role in managing the investments
that have created substantial value for shareholders and guiding the current
portfolio. We wish him every success with his future projects. I am pleased
that he has agreed to continue to help the investee companies on matters of
strategy and management at least until the end of the year, so Eurovestech will
continue to benefit from his skills and experience"

Enquiries:

Eurovestech plc                                                                
                                                                               
Richard Bernstein                                            Tel: [phone]
                                                                               
Chief Executive                                             www.eurovestech.com
                                                                               
Merchant Securities Limited (NOMAD)                                            
                                                                               
David Worlidge/Simon Clements                                Tel: [phone]