RE: Change of Directors

Date : 04/28/2005 @ 4:04PM
Source : UK Regulatory (RNS & others)

RE: Change of Directors

RNS Number:6776L
FTC Futures Fund Ltd
28 April 2005

                          Stock Exchange Announcement

                             For immediate release                                     28 April 2005

                       FTC Futures Fund Ltd. (the "Fund")

                         Re:       Change of Directors

The board of directors of the Fund (the "Board") wish to announce that Mr Adrian
Crosbie-Jones resigned as a director of the Fund on 30 September 2004 and that
Mr Thomas Berger resigned with effect from 15 April 2005.  Mr Humphry Leue and
Mr Rolf Majcen have been appointed to the Board with effect from 15 April 2005
and 19 April 2005, respectively.  Mr Leue and Mr Majcen (the "Directors") bring
the following experience to the Board:

Mr. Humphry Leue was born in 1965 in Curacao, Netherlands Antilles. He qualified
in 1988 with a B.Sc. in Accountancy from the University of South Florida, and
moved to Tortola, BVI in 1991. He is a full member of the Society for Trust and
Estate Practitioners, Member of the Council of BVI Association of Registered
Agents and Director of the Rotary Club of Tortola. In 1991, he was employed as a
corporate trust officer for Citco B.V.I. Limited/The Citco Group Limited in the
BVI. He remained with Citco B.V.I. Limited until 1999, with promotions to the
positions of Manager, Corporate and Fund Administration and Corporate Trust
Manager & Marketing Manager respectively. In 1999, he took a position with
Pricewaterhouse Coopers/Abacus Trust and Management Services Limited in the BVI
as Senior Manager, Corporate Services. He acted as General Manager and Director
of ProServices Limited and Amicorp BVI Limited in the BVI from 2000 to 2004. In
April 2004, he was appointed as Chief Operations Officer and acting director of
the BVI International Finance Centre and has remained in this position to date.
He has also served on the Board of Directors of several International Business
Companies and Mutual Funds, both private and listed.

Mr. Rolf Majcen was born in 1966 in South Africa. He served as an officer in the
Austrian Army from 1985 to 1998. In 1991, he was admitted to practice within the
district of the Supreme Court of Graz (Austria). From 1993 to 1998 he worked for
prominent Austrian financial services companies as in house counsel. From 1998
to 2005 he was employed by one of Austria's leading investment management
company Erste - Sparinvest Kapitalanlagegesellschaft m.b. H. as in house counsel
and authorised signatory. Since April 2005 he has been employed as Legal and
Compliance Officer of FTC Asset Management (Austria). Mr. Majcen is a member of
the Austrian association of investment management companies.

None of the Directors has any unspent convictions, has been declared bankrupt,
or has been the subject of an individual voluntary arrangement or a receivership
of any assets held by such person.  None of the Directors was a director of any
company at the time of or within the 12 months preceding its bankruptcy,
receivership administration, liquidation administration, company voluntary
arrangement or composition or arrangement with its creditors generally.  There
have been no public criticisms of any of the Directors by any statutory or
regulatory authority and no Director has ever been disqualified by a court from
acting as a director of a company or from acting in the management or conduct of
the affairs of any company.  No Director was a partner of any partnership at the
time or within 12 months preceding its compulsory liquidation, administration or
partnership voluntary arrangement.  No Director has had a receiver appointed
over any of his assets or of any of the assets of a partnership of which he was
a partner within 12 months after he ceased to be a partner of that partnership.

A memorandum detailing the names of all companies and partnerships of which Mr.
Leue and Mr Majcen have been a director or partner in the past five years,
together with an indication of whether or not the individual is still a director
or partner, is available for inspection at the Offices of Goodbody Stockbrokers,
Ballsbridge Park, Ballsbridge, Dublin 4.

The failure to make this announcement at an earlier date is due to an
administrative error on the part of the Fund.


Goodbody Stockbrokers                                              Therese Redmond

                                                                   +353 1 6419132

This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.

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


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