Pall Mall Capital Acquires the Business of SP Merger Group and Appoint Senior M&A Investment Banker Christopher Shaw

Pall Mall Capital Bolstered by the Arrival of Industry Recognised M&A Expert With Experience of Over 600 Completed Transactions

LONDON, October 29, 2010 - Pall Mall Capital, the cross-border corporate finance advisory firm, is
pleased to announce that it has acquired the trade of SP Merger Group Inc and
Christopher Shaw has joined the firm as a Senior Advisor.

Christopher has been an investment banker for over 30 years,
including extensive periods with Bankers Trust, Henry Ansbacher and Goldman
Sachs. Latterly he founded SP Merger Group, a specialised international
investment advisory house.

Christopher's career includes twelve years with Times Mirror
Company (Los Angeles), where he was successively Chief Executive Officer of
three subsidiaries, Founder and Chief Executive Officer of Times Mirror
International and actively involved with the Times Mirror acquisition
programme, with 32 Companies acquired during the period. Whilst at Bankers
Trust, Christopher established a new Mergers and Acquisitions department
before moving to become President of Henry Ansbacher Inc. In 1992 Christopher
joined Goldman Sachs as Senior International Advisor covering the media,
publishing and leisure industries.

Christopher will be joined at Pall Mall by Roger Cort, who has
also been appointed as a Senior Advisor. Roger has over thirty years
experience in Corporate Finance, in the UK, Europe and the USA having been
involved in some 250 transactions. Roger's career includes five years as Head
of Corporate Finance at Henry Ansbacher & Co Limited In 1987, Roger left
Henry Ansbacher to set up Amethyst Investments Limited and latterly worked
with Christopher at SP Merger Group.

John Cutts, CEO and Founder of Pall Mall Capital commenting on
the appointment said:

"We are delighted that Christopher has decided to join Pall
Mall Capital. His brings with him a phenomenal degree of global and cross
border M&A experience that plays strongly to our strengths and corporate
focus. Additionally we look forward benefitting from the exciting pipeline of
transaction opportunities that naturally follow a banker of his pedigree and
experience."

Christopher Shaw, commenting on his appointment said:

"I am very excited about joining Pall Mall Capital, it is
clear what a dynamic organisation it is having doubled in size in the past
two years. I look forward to contributing to its ongoing success and being
able to add my expertise and experience to an already exceptional team."

Notes to Editors

Pall Mall Capital is a cross-border corporate finance advisor
specialising in delivering solutions in international transactions and
complex or disputed family situations. Headquartered in London, the Company
has offices and associates in France, Germany, South Africa and the USA. Pall
Mall has established itself as a leading specialist in advising on mergers,
acquisitions and capital raising for European mid market companies,
particularly those with disperse family ownership.

Pall Mall's broad ranging advisory services include all
aspects of M&A, public and private placements as well as corporate
structuring and restructuring situations. Additionally Pall Mall offers
services to source finance from all arenas of the capital markets, including
senior debt and subordinated products such as mezzanine finance through to
equity finance.

Pall Mall Capital has advised on a wide range of transaction
types, with values from EUR50m to EUR500m, and has completed in excess of 80
transactions since 2000, the majority of which have been cross border.

For further information

www.pallmallcapital.com

For Further Enquiries

    Pall Mall Capital

    John Cutts CEO / Richard Speak, Director,
    Tel +44(0)20-7518-7300
    Email: john.cutts@pallmallcapital.com / richard.speak@pallmallcapital.com

    Hudson Sandler
    Charlie Jack / Mark Gee
    Tel +44(0)207-7796-4133
    Email: cjack@hudsonsandler.com / mgee@hudsonsandler.com

For Further Enquiries: John Cutts CEO / Richard Speak, Director, Tel +44(0)20-7518-7300, Email: john.cutts at pallmallcapital.com / richard.speak at pallmallcapital.com; Hudson Sandler, Charlie Jack / Mark Gee, Tel +44(0)207-7796-4133, Email: cjack at hudsonsandler.com / mgee at hudsonsandler.com