RNS Number:3071H
Sky Capital Holdings Limited
11 February 2003



                            Sky Capital Holdings Ltd

                            ("Sky" or the "Company")



Sky Capital Holdings, Ltd, the international financial services group, is
pleased to announce that the FSA has formally approved Sky's acquisition of
Everett Financial Limited ("Everett"), the London private client stockbroker,
and the acquisition will complete immediately following the admission of the
consideration shares. Application has been made for 425,000 consideration shares
to be admitted to trading on AIM and trading is expected to commence on 17
February 2003.



Ross Mandell, CEO of Sky commented,



"This first acquisition for Sky represents an excellent opportunity to build
what we firmly believe will become a strong international platform offering
investors high quality services.



Everett Financial boasts a strong portfolio of private investors within the
private client stock broking market.  Everett's founders will continue to drive
the business forward, giving us the benefit of continuity whilst offering the
support and depth of experience from Sky's existing team.



This an exciting event for Sky in our quest to become a leading international
financial services group and I look forward to reporting on our progress over
the months ahead."



For further information please contact,


Mike Recca - COO                                   Tel: (00 1) 212 709 1900
Sky Capital Holdings Limited

Ross Mandell - CEO                                 Tel: (00 1) 212 709 1901
Sky Capital Holdings Limited

James Burgess - CEO                                      Tel: 020 8871 4242
Everett Financial

Adam Reynolds                                            Tel: 020 7245 1100
Hansard Communications                                        0771 309 0135



11 February 2003



Notes To Editors:



*         The Company has also completed the acquisition of Investor Information
Limited, an Internet based subsidiary of Everett Holdings. This is included in
the total consideration for the acquisition of Everett Financial Limited.



*         Sky Capital Holdings Limited is a recently incorporated company
established to provide financial and investment advisory services to corporate
clients and private individuals, both in the United States and the United
Kingdom. Sky Capital intends also to expand its operations into other European
countries.



*         The Company has two wholly owned subsidiaries, Sky Capital LLC in the
United States and Sky Capital Limited in the United Kingdom.



*         In July 2002 Sky Capital Holdings Limited floated successfully on the
Alternative Investment Market of the London Stock Exchange.



*         Based in two of the most important financial centers in the world, New
York and London, Sky Capital addresses the need for financial advice and working
capital customized for small and medium sized companies with market
capitalisations of $10 million to $100 million.


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