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Greenchip Investment (XEN)

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Thursday 08 November, 2001

Greenchip Investment

Appointment Finance Director

Greenchip Investments  PLC
8 November 2001

                          GREENCHIP INVESTMENTS PLC

                        ('Greenchip' or the 'Company)

                           Appointment of Director

The Company is pleased to announce that Colin William Hill has been appointed
finance director.

Colin Hill, aged 56, has been a member of the Chartered Institute of
Management Accountants since 1968.  He spent 15 years in industry specialising
in corporate turnaround and development work before becoming a freelance
consultant in 1981.  Since that time, he has focused on due diligence relating
to corporate finance assignments in SME's and public companies with small
market capitalisations in the UK, USA and overseas.  Since April 1988 he has
been the finance director of Arlington Group Plc.


Malcolm Burne, Chairman  020 7409 3500

Graeme Thom, Grant Thornton  020 7383 5100

Current directorships

Arlington Croup PLC

Underwriting & Subscription plc

Tool & Cutter Holdings Limited

Eaton Investments (UK) Ltd

Safe Environment Incorporated (USA)

Essential 4 Business PLC (placed into administration in November 2000
following failed AIM float)

C&G Tool & Cutter Co Limited

Past directorships (previous five years)

Castle Communications Group Ltd

Lexgreen Limited

Moray Hill Venture Management Limited

Pixierange Limited

Colin Hill entered into and subsequently made a single payment to complete an
Individual Voluntary Arrangement in January 1998.

Save as noted above there are no details to be disclosed pursuant to Schedule
2, rule (f) (iii) - (viii) of the AIM Rules in respect of Colin Hill.