September 4, 2008

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Anna Blacklock
Marketing Manager
Beringea Ltd.
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Beringea Appoints New Head of Retail Sales

London - Beringea is pleased to announce that it has appointed Shane Elliott as Head of Retail Sales.

Shane will be heading up Beringea's Sales and Marketing department at the Firm's London office and will be responsible for raising funds for Beringea's ProVen VCTs.

Shane joins Beringea from the Noble Group where he was Head of Retail Sales for Noble Fund Managers. Prior to joining the Noble Group, Shane held a number of senior management positions at Abbey National, Teather & Greenwood and the Army. In addition to his degree and management qualifications, Shane also has an MBA.

Stuart Veale, Managing Director of Beringea commented: "I am delighted to announce this new appointment and welcome Shane onboard. This is an exciting time for Beringea as we prepare to launch our new VCT fundraising initiative. I am sure that Shane's experience and expertise will make him a valuable addition to the team."

About Beringea

Beringea is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Beringea is the manager of ProVen VCTs and Global Rights Fund II among others. www.beringea.com

Beringea Ltd. is authorised and regulated by the Financial Services Authority