Directorate Change

EPIC Reconstruction PLC
22 September 2006



                              COMPANY ANNOUNCEMENT

For Immediate Release                                        22nd September 2006

                            EPIC Reconstruction plc

                                 Board Change


The Directors would like to announce that Cormac O'Keeffe has resigned from the
board with effect from 18th September and Paul Keltie has been appointed.

Mr Keltie is a director of The Equity Partnership Investment Company plc and
EPIC Securities (effective 13th September).

In accordance with the Listing Rules Mr Keltie has confirmed he has not:


   (i)  had any unspent convictions in relation to indictable offences; or

  (ii)  been bankrupt or the subject of a voluntary arrangement, or has
        had a receiver appointed to any of his assets; or

 (iii)  been a director of any company which, while he was a director with
        an executive function or within 12 months after he ceased to be a 
        director with an executive function, had a receiver appointed or went 
        into compulsory liquidation, creditors voluntary liquidation, 
        administration or company voluntary arrangements, or made any 
        composition or arrangements with its creditors generally or with any 
        class of its creditors; or

  (iv)  been a partner of any partnership, which while he was a partner or
        within 12 months after he ceased to be a partner, went into compulsory
        liquidation, administration or partnership voluntary arrangement, or 
        had a receiver appointed to any partnership asset;

   (v)  had any public criticism by statutory or regulatory authorities
        (including recognised professional bodies); or

  (vi)  been disqualified by a court from acting as a director or from
        acting in the management or conduct of affairs of any company.


Enquiries:

Northern Trust                  Cormac O'Keeffe
                                Phone: [phone]




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