Directorate Change

Raven Capital Inc
27 July 2005



27 July 2005

                       Raven Capital Inc. ('the Company')

The Company announces that, on 26 July 2005, Richard Blakesley stepped down from
the Board to pursue other interests.

The Board wishes to thank Richard for his assistance at the time of the
Company's admission to trading on AIM.

Enquiries:

John Bick
[phone]


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