FSA discontinue investigation

Adamind Ltd 22 October 2007 Adamind Limited ("Adamind" or the "Company") Company update on discontinuation of FSA investigation Further to previous announcements, the Company provides an update on the Financial Services Authority ("FSA") investigation under Sections 168 (2) (a) and (d) of the Financial Services and Markets Act 2000. The FSA has informed the Company that it has decided to discontinue the foregoing investigation and has no present intentions of taking action against the Company or its officers in relation to the matters underlying such investigation. Following completion of the investigation, it remains the Board's plan to return to the Company's shareholders the cash held by the Company as soon as legally feasible. Enquiries Adamind Orna Berry, Executive Chairperson +972 9 971 9111 Corfin Communications Neil Thapar, Harry Chathli +44 20 7977 0020 Landsbanki Securities, Nominated Adviser +44 20 7426 9000 Simon Bridges This information is provided by RNS The company news service from the London Stock Exchange

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