GlobalCapital plc - Med Bank Acquisition Plans Terminated

GlobalCapital announced on 28 August that further to its Company Announcement issued on 18 April 2008 relating to the agreed acquisition of 85.5% of Mediterranean Bank plc, negotiations for this acquisition have come to an end and the purchase will not be concluded.

Meanwhile the Company said that it remains focused on its objective to develop and expand the services it currently offers by adding banking to its existing business lines and will be pursuing other initiatives to accomplish this strategy.