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RNS Number : 9441Q

MWB Business Exchange Plc

13 November 2012

13 November 2012

MWB BUSINESS EXCHANGE PLC:

DIRECTORATE CHANGES

MWB Business Exchange Plc ("Business Exchange" or the "Company"), London's leading provider of serviced offices and conference space, today announces the appointment of Andrew Blurton as Corporate Finance Director with immediate effect.

Andrew was Finance Director of MWB Group Holdings Plc for 13 years and resigned from that business in January 2010. He takes immediate Board responsibility for Business Exchange's corporate development as well as its finance, accounting and reporting functions. Andrew takes over from Keval Pankhania who has resigned from the Board to take a career break and spend time with his family.

The Company also announces that Richard Aspland-Robinson, Executive Director with responsibility for acquisitions, has also resigned from the Board with immediate effect to run his personal family interests.

John Spencer, Business Exchange's Chief Executive, said: "I would like to welcome Andrew to the Board. He is someone I have known for more than 8 years and he brings a wealth of corporate, management and finance expertise to the Company. I look forward to working closely with him to deliver the next stage in Business Exchange's growth and development. He will be a tremendous asset to the Company.

"I would also like to take the opportunity of thanking both Keval and Rick for their contribution to the Company over the past 9 years and, on behalf of the Board, wish them all the success in the future."

Malcolm Murray, Non- Executive Director, added: "Andrew's appointment not only strengthens the Business Exchange Board but also brings a level of experience and expertise that will underpin our strategy for future growth."

Ends.

Contact:

               John Spencer, CEO, MWB Business Exchange.           Tel: 020 7868 7268 
               Baron Phillips, Baron Phillips Associates.                      Tel: 020 7920 3161 
               Sandy Fraser N+1 Singer                                             Tel: 0131 529 0272 

Andrew Francis Blurton, aged 58, has a beneficial interest in 257,500 shares in the Company. Other than as set out below there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Mr Blurton's appointment today as a Director of the Company.

 
 Current Directorships                Past Directorships 
 Andrew Blurton Consultancy Limited   140 Park Lane Limited 
 Liberty Retail Pension Scheme        140 Park Lane (No. 4) Limited 
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END

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