PVS Pine Ventures

    17 March 2008

                               Pine Ventures plc                               

                                (the "Company")                                

                              Holding in Company                               

The Company has been notified today that, following a purchase on 14 March
2008, Marc Duschenes now holds 26,750,000 ordinary shares, equivalent to 3.72
per cent. of the issued voting share capital of the Company.

For enquiries, please contact:

Pine Ventures plc                                      Tel: 020 7235 3131     
                                                                              
Lord Beaverbrook, Chairman                                                    
                                                                              
John East & Partners Limited                           Tel: 020 7628 2200     
                                                                              
Simon Clements/David Worlidge                                                 



END

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