Re Directorate

Eurovestech PLC
26 January 2001


               Eurovestech plc ('Eurovestech' or 'the Company')

                    Appointment of non-executive director


Eurovestech PLC announces that Alfred Johnson Elbrick, aged 62, has joined its
board as a non-executive director.

Mr Elbrick is a senior investment banker specialising in international
technology businesses in Deutsche Bank's London office. He has been involved
with many technology IPOs including those of Microsoft, Oracle, Sun
Microsystems, Computer Associates and Infosys.

Having attended Williams College and Georgetown University, Mr Elbrick became
a Captain in the US Marine Corps and joined Alex. Brown in 1978  He was in
charge of the firm's international activities for fourteen years from 1978 and
established Alex. Brown's offices in London in 1986.  BT Alex. Brown was
acquired by Deutsche Bank in 1998.

Mr Elbrick is currently a director of eMuse Corporation Limited, Lombard
Medical plc, Pintos Global Services Limited, and ReadyTestGo Incorporated.  In
the past five years, he has also been a director of Bon Secours Health Systems
Limited, Portfin.com Limited and Optimay GmbH.

On 19th January, 2001, Portfin.com Limited, of which Mr Elbrick was a
non-executive director and resigned on 31st July 2000, was placed into
creditors' voluntary liquidation.

Mr Elbrick has confirmed that this announcement contains all the information
required under paragraph 16.8 (e) of the AIM Rules.

Richard Bernstein, CEO of Eurovestech said:

'We are delighted that Alfred has joined the Eurovestech board.  His skills
and contacts complement those of our other directors.  Alfred's endorsement of
our approach together with his deep knowledge of the European and Israeli
technology markets mean that Alfred will be able to help Eurovestech to
continue to create shareholder value.'


26th January, 2001