23 April 2008

                               Pine Ventures plc                               

                      ("Pine Ventures" or the "Company")                       

                              Directorate Change                               

Pine Ventures is pleased to announce the appointment of Marc Duschenes as
non-executive director of the Company. In addition, the Company announces that
Emma Myers has resigned as non-executive director, effective immediately, to
pursue other business interests. The directors would like to thank Ms Myers for
her contribution to the Company.

Marc Joel Duschenes, aged 33, is Chief Executive of Braemar Group plc, an AIM
quoted fund and property management company. He is also Chairman of Regenesis
Group plc, an AIM quoted specialist provider of short-term asset finance. He
was formerly Director of Sales/Trading and a retail analyst at Kleinwort Benson
Securities, part of the Dresdner/Allianz group of companies. Marc has joined
the board to further assist the Company in evaluating suitable target
companies.

As at the date of this announcement, Mr Duschenes holds 26,750,000 ordinary
shares in the Company, equivalent to 3.72 per cent. of the issued share capital
of Pine Ventures.

Mr Duschenes' Current Directorships

Bayfield Capital Limited                Braemar Group PCC Limited (Registered  
                                        in Guernsey)                           
Braemar Group plc                                                              
                                                                               
Braemar Securities Limited              Coronation Carried Interest Limited    
                                                                               
Coronation II Carried Interest Limited  Coronation III Carried Interest Limited
                                                                               
Coronation IV Carried Interest Limited  Coronation VI Carried Interest Limited 
                                                                               
Coronation General Partner Limited      Coronation II General Partner Limited  
                                                                               
Coronation III General Partner Limited  Coronation IV General Partner Limited  
                                                                               
Coronation VI General Partner Limited   Coronation Nominee Limited             
                                                                               
Coronation II Nominee Limited           Coronation III Nominee Limited         
                                                                               
Coronation IV Nominee Limited           Coronation VI Nominee Limited          
                                                                               
Heath Road Investments Limited          OEG Carried Interest Limited           
                                                                               
OEG General Partner Limited             OEG Nominee Limited                    
                                                                               
ReGen Carried Interest Limited          ReGen General Partner Limited          
                                                                               
ReGen Nominee Limited                   Regenesis Capital Limited              
                                                                               
Regenesis Group plc                     Taylor Richardson Properties plc       
                                                                               
42 High Street Ramsey (Management)      46-48 High Street (Management Company) 
Limited                                 Limited                                

Mr Duschenes' Former Directorships

Braemar (Estates) Residential Limited   Braemar Reversionary Property          
                                                                               
Braemar Wealth Management Limited                                              

Mr Duschenes has confirmed that there is no further information required to be
disclosed under paragraph 17 of the AIM Rules.

For enquiries:

Pine Ventures                                         Tel: +44 (0) 20 7235 3131
                                                                               
Lord Beaverbrook                                                               
                                                                               
John East & Partners Limited                          Tel: +44 (0) 20 7628 2200
                                                                               
Simon Clements/David Worlidge                                                  



END
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