LifeStar Holding plc - Proposed sale of investment

On 26 August GlobalCapital plc announced that it agreed the terms for the sale of all the shares held by Central Landmark Development Ltd (a wholly owned subsidiary of the Company), in Metropolis Development Ltd. GlobalCapital owns 1,634,000 shares of €2.329373 each, fully paid, which represent 40.85% of the entire issued and allotted share capital of Metropolis. The Group stated that this disposal is to be made for a total consideration of €3.8 million, equivalent to the par value of the shares being transferred. GlobalCapital expects to conclude this transaction by the end of September 2010.

GlobalCapital stated that the divestment of the Metropolis shareholding is in line with the strategy of the Company to focus on strengthening its financial services division – mainly its insurance activities.

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