Directorate Change

Billam PLC
18 August 2005


18 AUGUST 2005
                            BILLAM PLC (BLLM) (AIM)

                          ('Billam' or 'the Company')

                                 BOARD CHANGES

The Board of Billam Plc, the investment company specialising in technology for
the future, is pleased to announce the appointment of Simon Bennett as a
non-executive director with effect from 18 August 2005.

Mr Bennett has extensive experience in the mid and small cap company sector. He
has over 20 years of investment banking experience having worked at Citigroup
and Credit Lyonnais Securities, where he was formerly the Head of the Mid and
Small cap companies team. He is a Chartered Accountant.

The Board believes Simon Bennett will assist in adding value to Billam's
portfolio and its investee companies through his expertise and contacts. As
Billam's portfolio is increasingly in the quoted sector the companies can grow
organically and by focussed acquisition. The strengthening of the investments
should be recognised in increased market value and reflected in Billam's net
asset value.

Commenting Angus Forrest, Billam's Chief Executive said: 'We are delighted to
welcome Simon to the Board. His experience in the small to mid cap market will
bring an added dimension to Billam as it continues to develop its investment
portfolio'.

The directorships and partnerships held by Simon Charles Bennett, aged 47, now
and over the five years preceding the date of appointment are as follows:

Current: Citicourt Limited;
         Kamstar Limited;
         Incremental Capital LLP

There are no other matters which are required to be announced as required under
paragraph (f) of Schedule 2 of the AIM Rules.

18 August 2005

Enquiries

Billam Plc
Angus Forrest                                   020 7336 1300

Bishopsgate Communications
Maxine Barnes / Dominic Barretto                020 7430 1600



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