TIDMMEQ 
 
23 November 2009 
 
                             Microcap Equities Plc 
 
                                (the "Company") 
 
                   Directorate change and transaction update 
 
The Company announces that James Holmes has resigned as a director, with 
immediate effect, in order to pursue other activities 
 
Further to the statement in the interim results announced on 25 September 2009, 
the Company also announces that it is now at an advanced stage of negotiations 
with a potential subscriber for new shares and expects to make another 
announcement shortly. 
 
As part of this potential subscription, the Company has been provided with an 
interest free loan of GBP36,000 by the potential subscribers for the payment of 
Company's immediate creditors. It is intended that if the proposed transaction 
proceeds, the loan will be capitalised as part of the subscription. 
 
For enquiries: 
 
Microcap Equities Plc                                             020 7247 9691 
 
Nicolas Greenstone                                                020 8371 3071 
 
Rakesh Patel 
 
Merchant John East Securities Limited                             020 7628 2200 
 
Bidhi Bhoma 
 
 
 
END
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