RNS Number:5864I
Adaptive Venture Managers PLC
11 March 2003

11 MARCH 2003


                 ADAPTIVE VENTURE MANAGERS PLC (the "Company")

                               DIRECTORATE CHANGE


Adaptive Venture Managers PLC, the AIM Listed Corporate Venturing Group wishes
to announce that Richard Muir-Simpson has left the Company and has resigned as a
Director, Company Secretary and the Company's Authorised Representative as
approved by the Financial Services Authority.  His services will be available to
the Company on a consultancy basis.


ENDS


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