Director/PDMR Shareholding

Judges Capital PLC
23 February 2006

                                                                23 February 2006



                               Judges Capital PLC
                      ('Judges Capital' or the 'Company')


                              Director's interest


Judges Capital announces that, further to David Cicurel (Investments) Limited 
('DCIL') being placed in members' voluntary liquidation on 16 December 2005, the
liquidators have today distributed in specie the 4,166,667 convertible
preference shares in the Company previously held by DCIL to David Cicurel
Securities Limited ('DCSL'). DCSL owns 100% of the ordinary shares of DCIL.  The
Company's convertible preference shares have not been admitted to trading on
AIM.


This distribution does not vary the ultimate beneficial interest of David
Cicurel, Judges Capital's Chief Executive, in the Company.



                                      Ends




For further information please contact:

David Cicurel, Chief Executive, Judges Capital: Tel: [phone]
Alex Borrelli, Shore Capital:                   Tel: [phone]
Melvyn Marckus, Cardew Group:                   Tel: [phone]




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