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Orchid Capital Ltd (ORC)

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Tuesday 20 September, 2005

Orchid Capital Ltd

Directorate Change

Orchid Capital Ltd
20 September 2005

                                                 Suite 3 Ground Floor
                                                   610 Murray Street
                                                  West Perth WA 6005
                                                   T: +618 9321 3664
                                                   F: +618 9322 6887
                                                [email protected]

20th September 2005

Australian Stock Exchange
Company Announcements Office
By Electronic Lodgement

                     Appointment of Chief Executive Officer

Mr. Julian Sandt, who was previously a non-executive director, has, with effect
from today, been appointed Chief Executive Officer of Orchid Capital, replacing
Mr. Alvin Tan.  Mr. Sandt, will be based in Singapore, where the Company will
actively seek out investment opportunities in the pharmaceutical and renewable
energy sectors.

Mr. Sandt, aged 36, has been a non-executive director of Orchid Capital since
June 2003 and, as such, is already well acquainted with the operational history
of Orchid.  He holds a German MBA from Koblenz Business School (WHU Koblenz).
From 1993 to 2000, Mr. Sandt held various positions with Commerzbank AG in
Frankfurt, Paris and Singapore, with the last position held being Manager
Capital Markets and Syndications.  From 2000-2004, he was Managing Partner of
TFG Venture Capital (Asia) Pte. Ltd., Singapore and since 2004 Mr. Sandt has
been the Senior Partner at Aegis Private Capital Pte. Ltd., Singapore.

The key terms of Mr. Sandt's employment contract will include:

1.  Base salary of A$130,000 per annum;

2.  Subject to shareholder approval, on each anniversary of
his appointment, for a five year period, he will be allotted two million fully
paid ordinary shares in Orchid Capital.  Mr Sandt will be unable to sell these
shares within two years of allotment.

Former Managing Director Mr Alvin Tan will remain on the Orchid Board as a
Non-Executive Director.  The Board sincerely thanks Mr. Tan for his contribution
to the Company.

Clive McKee

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                             

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