Director/PDMR Shareholding

Dolphin Capital Investors Limited
07 December 2007

7 December 2007

                       DOLPHIN CAPITAL INVESTORS LIMITED

                            Director's Shareholding

The board of Dolphin Capital Investors Limited (the 'Company') received
notification on 6 December 2007 that Miltos Kambourides' indirect interest in
the Company has changed as follows:

 PDMR              Total       Date of     Purchase   Price    Class       Total         Total         Total
                 number of   Transaction  of shares    Per       Of      number of     number of     number of
                  shares                              Share    shares     shares        shares        shares
                controlled                                              controlled    indirectly    indirectly
                  before                                                 following       owned         owned
               notification                                            notification     before       following
                                                                                     notification  notification

Miltos           7,449,300    06.12.2007  3,700,000            Common   11,149,300     3,993,225     5,380,725
Kambourides                                          127.6791  shares
                                             (A)                 of         (B)           (C)           (C)
                                                      pence   EUR0.01

Notes:

(A) indirect interest, acquired as a result of Mr. Kambourides holding a 37.5% shareholding in Silver Capital Holdings 
Limited.

(B) indirect interest, held as a result of Mr. Kambourides holding (1) a 75%
shareholding in Dolphin Capital Holdings Limited,  which holds 3,199,300 common
shares. Dolphin Capital Holdings Limited is the holding company of Dolphin
Capital Partners Limited and (2) a 37.5% shareholding in Silver Capital Holdings
Limited, which holds 7,950,000 common shares.

(C) the resulting pro rata interest for Mr. Kambourides resulting from his
interest in the companies that hold the common shares.

For further information, please contact:

Dolphin Capital Partners Limited
Miltos Kambourides / Pierre Charalambides
[e-mail] / [e-mail]

Grant Thornton Corporate Finance                                Tel: [phone]
(Nominated Adviser)
Philip Secrett

Panmure Gordon                                                  Tel: [phone]
(Broker)
Richard Gray / Dominic Morley / Andrew Potts

Financial Dynamics                                              Tel: [phone]
Stephanie Highett / Nicole Marino





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