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XL TechGroup, Inc. (XLT)


Wednesday 11 April, 2007

XL TechGroup, Inc.

TyraTech appointment

XL TechGroup, Inc.
11 April 2007

Press Release                                                      11 April 2007

                               XL TechGroup, Inc.
                       ('XL TechGroup' or 'the Company')

                  TyraTech appoints Chief Financial Officer

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, announces that its portfolio company,
TyraTech LLC ('TyraTech'), has appointed Keith Bigsby as Chief Financial Officer
with immediate effect.  TyraTech is pioneering an entirely new class of safe,
effective and natural biocides for controlling insects and parasites, based on
its proprietary discovery platform.

Mr. Bigsby qualified as a Chartered Accountant in London, and brings over 25
years of international business experience to TyraTech, including 14 years
within the international operations of US listed technology companies, with
particular commercial as well as financial skills.  He has worked with a number
of private and publicly listed companies, in a variety of corporate transactions
including acquisitions, divestments and listings.

Most recently, Mr. Bigsby was CFO at Geotrupes Energy PLC, a developer of
renewable energy projects, where he helped prepare that company for a potential
IPO on the Alternative Investment Market.  Previously, he was Group Finance
Director and Chief Executive Officer of the Software Division at Tadpole
Technology PLC, where he was instrumental in developing the commercial strategy.
Mr. Bigsby has also held the role of Divisional European Controller at a major
manufacturer of specialty organic and inorganic chemicals, primarily for use in
the eco-technologies market.

John Scott, CEO of XL TechGroup, said: 'Keith is a significant addition to the
TyraTech management team.  He has a strong understanding of the international
financial markets and an impressive operational background in building young
companies which will be greatly beneficial to TyraTech.  This is the latest
senior management addition for TyraTech and an important one as the company
continues through what is an exciting growth phase.'

                                    - Ends -

For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                               Tel: +1 321 409 7403
[email protected]
Chris Munden, Director of Investor Relations           Tel: +44 (0) 20 7398 7720
[email protected]                                   

Nomura Code Securities
Richard Potts, Corporate Finance                       Tel: +44 (0) 20 7776 1200

XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Gareth Mead                          Tel: +44 (0) 20 7398 7700
[email protected]              


About XL TechGroup

XL TechGroup is in the business of significant value creation.  Working with
major international corporate and technology partners such as AES, Procter &
Gamble and leading universities, XL TechGroup first identifies global unmet
market needs and then targets and exploits these by the systematic creation of
successful, disruptive technology businesses.  These are built from scratch, and
are then funded and developed by XL TechGroup through to the point of a trade
sale or a stock market listing.

XL TechGroup's unique and proven methodology selects the best opportunities in
order to create one-to-two new companies annually, where each company is
expected to achieve a valuation of at least US$400 million within four years
from its creation.  While an XL TechGroup company might perform a stock market
listing at an earlier point in this four year timeframe, XL TechGroup would
retain its controlling interest and would continue to assist with the company's

XL TechGroup's companies to date are: AgCert International plc (,
TyraTech LLC (, DxTech LLC (, PetroAlgae LLC
( and QuoNova LLC.

XL TechGroup has also established GenXL LLC as a joint venture to capture the
value of those prospects that do not quite meet the US$400 million, four year
criteria but still demonstrate considerable potential worth.  Over and above XL
TechGroup's core business model, GenXL will review a significant flow of
opportunities from both XL TechGroup and GEN3 in order to generate new
companies, standalone product lines and technology licensing opportunities or an
appropriate mix of these.

For further information, see

About TyraTech LLC

TyraTech LLC, which was created by XL TechGroup in July 2004, is developing a
new class of highly effective, non-toxic pesticides and anti-parasitic
compounds, using its cloned insect and parasite chemoreceptor screening process.
TyraTech, which is 60.9% owned by XL TechGroup, is continuing development of
new product applications based on safe, natural ingredients with a broad range
of partners around the world.

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

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