Directorate Change

EmdexTrade PLC
25 June 2003



                                  Announcement

                                 EmdexTrade PLC


The Board of EmdexTrade PLC ('Emdex' or 'the Company'), the international
trade finance company, announces that Ken Mackay has stepped down from the
main Board of the Company to focus on progressing the potential of
EmdexTrade Delaware LLC, its wholly owned subsidiary in New York.

Further announcements regarding this will follow.


Enquiries:

Company:           Patrick Kennedy (FD) London :         [phone]




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