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Fluid Leader Group Plc (FLGP)


Tuesday 28 October, 2008

Fluid Leader Group Plc

Board Changes & Cancellation of Loan Notes

                            Fluid Leader Group Plc                             

                                (The "Company")                                

28 October 2008

The Company announces that Mr. Jonathan Morley-Kirk has stepped down as
Chairman, Director  and Chief Executive Officer ("CEO") of the  Company. 
The board of directors expressed its thanks to Mr. Jonathan Morley-Kirk
for his work in launching the Company. Mr. Jonathan Morley-Kirk will be
replaced as Chairman by Mr. Alan  Bates. A  further  announcement  with
regard to the appointment of a CEO will be made shortly.

As stated  in the Company's re-admission document, two loan notes dated 
30 November 2007 were executed by  the Company's subsidiary pursuant to
which an aggregate of US $12,000,000 was payable to the note holders by
30 November 2010 ("Loan Notes"). The obligations of the Loan Notes were
subsequently assumed by the Company.

As of 23 October 2008 the Loan Notes were cancelled in consideration for
the issuance of 2,400,000 ordinary shares in the Company.

The Directors of the Company accept responsibility for this announcement.

                                   - ends -                                    


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