FT8 PLC - Execution of Debt Instrument & Senior Appointments

FT8 plc

("FT8" or the "Company")

Execution of Debt Instrument

Appointment of Senior Executive

Appointment of Financial Advisor

Debt Instrument

The Directors of FT8 are pleased to announce that they have concluded the signing of a new finance package for the Company with a private financier. The new finance arrangement is in the form of a convertible note of $US1.5 million (the "Note"). The convertible note will be drawn down in accordance with the needs of the business.

Conditions of the Note are that it is issued for a two year period with an interest rate of 10%. Interest is payable every six months in arrears. The conversion of the note at the end of the period entitles the Note holders to either require the cash to be repaid or convert the full amount of the monies owing into Company shares at a discount to the market price of 12.5 %.

The market price will be determined by reference to the average trades of the Company over a full calendar month.

The Directors of FT8 look forward to using the monies for the development of its planned business opportunities over the coming months.

Appointment of Senior Executive

FT8 announces the appointment of Mr. Blair Baker as its Chief Executive Officer with immediate effect. This is not a director position and Mr. Baker will not sit on the board of the Company.

Mr. Baker, an American citizen, brings significant sell-side and buy-sideexperience in the international capital markets in the United States, Asia, and Europe along with a previous appointment as a central banker in Asia.

Appointment of Financial Advisor

FT8 plc confirms the appointment of Brookwood Capital Corporation ('Brookwood') as one of its Lead Advisors. Brookwood is a specialist investment banking and private equity firm with offices in London, Johannesburg, and Beijing. Brookwood's Chairman is Lord Valentine Cecil, the 4^thson of the 6^thMarquis of Salisbury. Brookwood has an exceptional track record in key sectors and key markets; and the directors believe this forms an integral part of FT8's renewed business strategy.

Enquiries:
Phillip Pryor, Ezybonds (UK) Plc	[phone]
Sean McShane, Ezybonds (UK) Plc	[phone]
Katy Mitchell, WH Ireland Limited	[phone]