Orchid Capital Ltd

Director/PDMR Shareholding

Orchid Capital Ltd
17 January 2006



Stock Exchange Announcement

For immediate release

17th January 2006





                                                                    Rule 3.19A.2

                                  Appendix 3Y

                      Change of Director's Interest Notice



Information or documents not available now must be given to ASX as soon as
available.  Information and documents given to ASX become ASX's property and may
be made public.

Introduced 30/9/2001.


Name of entity                                  ORCHID CAPITAL LIMITED
ABN                                             30 073 099 171



We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.


Name of Director                                Julian Sandt

Date of last notice                             4 January 2006



Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust



Note: In the case of a company, interests which come within paragraph (i) of the
definition of 'notifiable interest of a director' should be disclosed in this
part.


Direct or indirect interest                     Direct
Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances
giving rise to the relevant interest.


Date of change                                  11 January 2006

No. of securities held prior to change          (1)   1,000,000 options exercisable at 5 cents
                                                each on or before 30 November 2006

                                                (2)   3,517,060 fully paid shares

Class                                           As above

Number acquired                                 581,950 shares

Number disposed                                 NIL

Value/Consideration                             $24,550

Note: If consideration is non-cash, provide
details and estimated valuation


No. of securities held after change             (1)   1,000,000 options

                                                (2)   4,099,010 fully paid shares
Nature of change

Example: on-market trade, off-market trade,              On Market Trade
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back



Part 2 - Change of director's interests in contracts



Note: In the case of a company, interests which come within paragraph (ii) of
the definition of 'notifiable interest of a director' should be disclosed in
this part.


Detail of contract
Nature of interest




Name of registered holder

(if issued securities)


Date of change
No. and class of securities to which
interest related prior to change

Note: Details are only required for a
contract in relation to which the
interest has changed


Interest acquired
Interest disposed
Value/Consideration

Note: If consideration is non-cash,
provide details and an estimated
valuation


Interest after change





                                     -End-





Press enquiries:



Julian Sandt - Chief Executive Officer, Orchid Capital Limited  00 65 9658 9940






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