AMBR Ambrian

RNS Number:0688X
Ambrian Capital PLC
23 May 2007

                              Ambrian Capital plc

                        Result of Annual General Meeting


Ambrian Capital plc ("Ambrian Capital" or "the Company") announces that at its
Annual General Meeting held yesterday all resolutions were passed.

Amongst the resolutions were board changes including the appointment of W
Lawrence Banks CBE as non-executive Chairman of Ambrian Capital, replacing
Malcolm Burne.  Mr. Banks previously acted as non-executive director of Ambrian
Capital and Chairman of Ambrian Partners Limited, the corporate finance and
stockbroking subsidiary of Ambrian Capital.  Prior to this, Mr. Banks was Deputy
Chairman of Robert Fleming Holdings Limited.

Mr Banks updated shareholders with the following statement:

"As stated in the Chairman's Statement, in the current year we will be obliged
to report under International Financial Reporting Standards ("IFRS") rather than
UK GAAP.   Under IFRS our portfolio investments will be valued on the Group's
balance sheet at market value rather than the lower of cost or net realisable
value.  The group's level of profit for the current year will therefore depend
upon the changes in the value of the investment portfolio during 2007 and the
unrealised gains of #13.9 million as at 31 December 2006 will be reflected in
reserves.  Movements in value thereafter will be reflected in the profits.

As stated in the accounts at 31 December 2006, the value of shareholders' equity
plus unrealised gains was approximately #51 million before any tax adjustments.
Though this has not been formally audited, we estimate that this will be the
opening shareholders' equity as at 1 January 2007 under IFRS.  Since the
year-end there has been a significant increase in value of three major
investments: Jubilee Platinum plc, the Golden Prospect Precious Metals Fund Ltd
and Commodity Watch plc (previously 'Minesite').

Despite difficult conditions in the market for mining securities we have made a
good start to the current year, reflecting the Company's exposure to the broader
commodities spectrum, including soft commodities and renewable energies.  We are
particularly excited by our new agreement with Sun Hung Kai & Co. Ltd. in Hong
Kong and are delighted to welcome Lee Seng Huang to the Board and David Chong as
his alternate at today's meeting.  Lee Seng Huang is the Chairman of Sung Hung
Kai & Co. Ltd., a company listed on the Hong Kong Stock Exchange with a market
capitalisation of US$1.5 billion  It has key businesses in Corporate Broking,
Securities Finance, Corporate Finance and Consumer Finance.  A team from London
has already visited SHK to explore possible areas of collaboration.

Additionally, Charles Crick was appointed as a non-executive director of Ambrian
Capital.  Mr Crick trained as a solicitor with Allen & Overy and from 1996 to
December 2004 Mr Crick was Head of Corporate Finance (joint from June 2003) and
a main board director of Numis Corporation plc.

Since March 2007 Ambrian Partners has been involved in several M&A transactions,
notably the acquisition of a controlling stake in Monterrico Metals plc by a
Chinese consortium.  We have taken on a number of new clients and plan to begin
Market Making activities within the coming weeks.

At Ambrian Commodities, the metal traders have continued their progress whilst
we have commenced trading in soft commodities and in carbon credits, both areas
where we believe that there are significant opportunities for our company.

Ambrian Asset Management has just begun operations and we have identified a
number of areas where we believe that we can create new funds.

The transformation from an investment holding company to an investment bank is
far from complete, but considerable progress has been made and we are well on
the way.

I am honoured to be elected as Chairman of your company in succession to Malcolm
Burne and hope that I can help to repeat the achievements he made over the past
10 years.

I would like to take this opportunity to thank Malcolm Burne and Richard
Lockwood on behalf of the Company and our shareholders.  Malcolm and Richard
were the original founders of Golden Prospect plc and it was their vision which
helped to grow the business into what Ambrian Capital is today.  I am delighted
that they will continue to work alongside our asset management business on a
consultancy basis.

Thank you ladies and gentleman."

Further to the RNS announcement of 21 March 2007 and in accordance with Schedule
2 (g) of the AIM Rules for Companies, the Company provides the following
information in respect of the appointment of Lee Seng Huang and Charles Crick to
the Board of the Company as Non-Executive Directors.

Lee Seng Huang

Current directorships

Sun Hung Kai & Co. Limited. (Executive Chairman)
Mulpha International Bhd.
Mulpha Australia Limited.
FKP Property Group

Previous directorships in last five years.

Lippo Limited.
Lippo China Resources Limited.
Auric Pacific Group Limited.
MEDCO Holdings, Inc.
Sun Hung Kai & Co. Limited
SHK Barton Limited (Now known as Wah Cheong Development (B.V.I.) Limited
SHK Online Limited
Sun Hung Kai Online Limited
SHK Financial Data Limited
I-Market Limited
Sun Hung Kai Capital Markets (Cayman) Limited (Dissolved)
Upper Selection Investments Limited
Earnest Finance Limited
Miliconcept Credit Limited (Striking off in process)
SHK Finance Limited
Top Progress Investments Limited

Charles Crick

Current directorships/Partnership interests

Ambrian Partners Limited.
Dial a TV Group Holdings Limited.
Longbow Capital LLP
Moonguard LLP

Previous directorships in last five years.

Numis Corporation PLC.
Numis Securities Limited.
Numis Education Limited.
Numis Corporate Finance Limited.
Abbey Legal Holdings Limited.

Sun Hung Kai & Co. Ltd owns 9,806,250 shares in Ambrian Capital representing
9.03% of the issued share capital in the Company.

Charles Crick owns 50,000 shares representing 0.05% of the issued share capital
of the Company.

No other information is required to be disclosed pursuant to Rule 17 and
Schedule 2g of the AIM Rules.


Enquiries

Tom Gaffney                                            Tel: +44 (0) 20 7776 6400
Chief Executive, Ambrian Capital plc

Simon Atkinson                                         Tel: +44 (0) 20 7523 8306
Collins Stewart Europe

Cathy Malins / Annabel Leather                         Tel: +44 (0) 20 7851 7480
Parkgreen Communications


Ambrian Capital plc, formerly Golden Prospect plc, is an independent investment
bank quoted on the Alternative Investment Market of the London Stock Exchange
(Ticker: AMBR) which has three wholly-owned subsidiaries: Ambrian Partners
Limited, a corporate finance advisor and stockbroker; Ambrian Commodities
Limited, an Associate Member of The London Metal Exchange and a broker-dealer of
LME traded metals, precious metals, carbon credits and soft commodities; and
Ambrian Asset Management Limited, a specialist investment management business.
Further information about the Group is available on Ambrian Capital's website:
www.ambrian.com




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