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First London Securities plc (FLSP)

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Tuesday 03 June, 2008

First London Securities plc

APPOINTMENT AND CHINESE JOINT VENTURES





                                                                    03 JUNE 2008

                           FIRST LONDON SECURITIES PLC

                        ("FIRST LONDON" OR "THE COMPANY")

                                   APPOINTMENT
                                       AND
                             CHINESE JOINT VENTURES
The  Board of First London, the PLUS-quoted investment banking, merchant banking
and  asset  management business, is pleased to announce the appointment  of  Mr.
Chau Chan as Special Advisor to The Board.

HIGHLIGHTS
  ·    The Company will benefit from Mr. Chan's strong knowledge and contact base.
  ·    The appointment will significantly enhance First London's profile.
  ·    The Company has opened offices in Beijing and Shanghai.
  ·    Joint ventures will boost First London's legal and financial expertise and
       its network connections in China.
  ·    Foundations in place to build a significant investment organisation in the
       Chinese market.

Mr  Chan has a wealth of investment experience. His knowledge base, contacts and
understanding of the Chinese economy and enterprise will enable the  Company  to
develop in China at the highest levels.

Mr  Chan  is  Deputy Director General of the Department of Research and  Law  at
Central SAFE Investments Ltd - China's Sovereign Wealth Fund. He is involved  in
policy making to ensure the preparedness of China's Sovereign Wealth Fund.

Between  2004  and  2006  Mr Chan was involved in the restructuring  and  reform
process  of China's main financial institutions and investment banks - including
China's four big banks in which Central SAFE (or its subsidiaries such as  China
Investment Corporation) are the largest shareholders.

Mr  Chan  previously  worked as Section Chief for the  Department  of  Financial
Stability  at  the  People's Bank of China. He helped the company  to  formulate
China's  financial stability assessment framework and join the Financial  Sector
Assessment Program held by World Bank and IMF.


Joint Ventures

First  London  recently signed an agreement with the Red Stone  Capital  Venture
Company,  China's leading Venture Capitalists. First London's  Chinese  team  is
working to create a leading Sino-British investment organisation.

First London is also pleased to announce that it has signed a joint venture with
the Yiao Liang Law Firm, a leading Chinese Law Firm. As a result the Company now
has offices in Beijing and Shanghai.

The Company will benefit from legal and financial expertise, network connections
and country/jurisdiction knowledge as it builds its origination and distribution
in the Chinese market.

CEO  of  First London, Guy Saxton, commented: "Having taken part in two  British
Royal  Delegations to China in recent years I have been lucky enough  to  create
friendships  and  contacts at the highest level in China.  We  aim  to  build  a
significant investment organisation to the benefit of all the parties involved.
"We  are  proud to be working with Mr Chan - his experience in China's Sovereign
Wealth  Fund will be a great asset to First London. We are delighted to  welcome
him  to the Company and look forward to developing our presence in China,  which
continues to benefit from exceptional levels of growth and will provide a number
of exciting investment opportunities as well as access to capital."

The Directors of First London accept responsibility for the content of this                        announcement.



CONTACT DETAILS

First London Securities plc
Tel: 020 7451 2466
Guy Saxton

Axiom Capital Limited
Tel: 020 8455 0011
David Sinclair

Bishopsgate Communications Ltd
Tel: 020 7562 3350
Nick Rome                             

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