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First London Securities plc (FLSP)


Wednesday 15 October, 2008

First London Securities plc


For immediate release: 15 October 2008

                                FIRST LONDON PLC
                        ("First London" or "the Company")

  First London appoints Managing Director of First London Intellectual Property

First  London, the international merchant banking and asset management business,
today announces the appointment of Florian Lennert as Managing Director of First
London  Intellectual  Property  ("FLIP") - First London's  recently  established
innovation business [see below for more details].

Florian  has  over fifteen years experience within both the private  and  public
sectors,   specialising  in  business  development,  research   management   and
technology transfer.  Prior to his role with First London, Florian was  Director
of  Corporate Relations at the London School of Economics and Political  Science
("LSE"),  a  position  he held since 1998. In this role he established  the  LSE
Corporate   Relations  Unit  and  developed  a  range  of  long-term   corporate
partnerships  and business-university collaborations including  those  with  BP,
Deutsche  Bank,  Siemens, UBS, EDS, Tata, the Reserve Bank  of  India  and  many

Florian  was  also responsible for the development and implementation  of  LSE's
international  partnerships, working with corporations,  governments  and  other
academic  institutions globally and establishing permanent LSE  offices  in  New
York, Delhi and Beijing.

Guy  Saxton, Chief Executive of First London commented: "Florian is an important
part of our global growth strategy and we welcome him today as Managing Director
of FLIP.

"FLIP  will  focus  on  developing  innovative  framework  collaborations   with
universities,  identifying  and acquiring promising  intellectual  property  and
start   up  companies,  whilst  developing  relevant  financing  and  investment
strategies  to capitalise on university technology transfer. We are  focused  on
modern, high growth emerging countries and some of the most respected centres of
innovation excellence in the world.

"In  his  role  as  Managing Director of FLIP, Florian will  take  the  lead  in
developing  institutional relationships with leading universities  and  research
centres,  building  on  First  London's  existing  collaboration  with  Humboldt
University, as announced in June 2008. Florian's network of contacts can help us
achieve our goal of creating a leading specialist investment house."


With  regard  to  the previously announced `material transaction'  First  London
anticipates completion within the next 7-14 days.

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

For further information please visit or contact:

First London plc                   Tel: 020 7451 2466
Guy Saxton

Axiom Capital Limited              Tel: 020 8455 0011
David Sinclair

Tavistock Communications           Tel: 020 7920 3150
John West / Paul Young

FLIP  adds  significant  reach  to First London's  overall  technology  transfer
strategy   and   has   developed  a  pipeline  of  innovation-based   investment
opportunities.  A  key  aim  of FLIP is to identify market  demand  for  sector-
specific,  innovative  technology  and to match  this  with  available  research
products  and  intellectual property from a range of universities.   FLIP  works
closely  with  other  parts of First London including Inflect,  the  specialized
technology  commercialisation  business, to  provide  support  for  early  stage
company and management development to portfolio companies.

First  London intends to expand its current portfolio of innovation  and  early-
technology holdings, develop a dedicated European universities fund and  provide
support for second and third round financing for portfolio companies.                                                                                                                                           

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