TIDMSCAP

RNS Number : 4724P

Shariah Capital, Inc

04 October 2011

Company Shariah Capital, Inc.

TIDM SCAP

Headline Resignation of Director

Released 4 October 2011

Shariah Capital Announces Change of Director

Shariah Capital announces that Joseph Gau has resigned as a member of the Board of Directors and an officer of the Company, which resignation was effected in accordance with the expiration of his employment agreement with the Company.

In connection with Mr. Gau's departure from the Company, the Company has agreed to accept stock held by Mr. Gau in the amount of 250,000 shares in full satisfaction of a loan made by the Company to Mr. Gau. The consideration value for the transfer of these shares to treasury shares was USD 53, 539.73, or USD 0.2142 per share. Following the transfer of these shares, the Company will hold 323,900 shares of common stock in treasury and Mr. Gau will hold 50,000 shares of common stock.

The Company wishes the best for Mr. Gau in his new endeavors.

Enquiries:

Eric Meyer

Chairman & Chief Executive Officer

Shariah Capital, Inc.

Telephone: +1 203-972-0331

emeyer@shariahcap.com

Martin Smith

Investec Investment Banking

Telephone+44 20 7597 5177

Martin.smith@investec.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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