Mark Sebba joins LMS Capital

LMS Capital plc has appointed Mark Sebba as non-executive director. Sebba is the CEO of NET-A-PORTER.com, a women’s fashion retailer. LMS Capital is a London-based venture capital and private equity firm.

PRESS RELEASE

The Board of LMS Capital plc (“LMS” or “the Company”) has appointed Mark Sebba as a Non-Executive Director with immediate effect.

Mark is the Chief Executive Officer of NET-A-PORTER.com, the pre-eminent luxury women’s global fashion internet magazine and retailer. Since his appointment in 2003 he has overseen rapid growth with sales increasing from £6m in 2003 to £ 120m in 2009; the launch of a new brand, the fashion discount site, theOutnet.com and, due in 2011, MRPORTER.COM, the men’s style destination. NET-A-PORTER is profitable and growing. Like LMS, it manages operations both in the UK and US.

Prior to joining NET-A-PORTER, Mark was Finance Director at Video Networks Limited and Golden Rose Communications Plc. He has also worked in investment banking and is a qualified Chartered Accountant.

Glenn Payne, Chief Executive of LMS, commented: “We are thrilled that Mark is joining our Board, he is a high quality and dynamic businessman with a background that fits LMS’ growth focus. He has a deep knowledge of two of the three sectors we focus on being consumer and applied technology, software & services. He has a strong track record of operating profitable growing companies; has operated in both the UK and the US; and is very strong financially. On behalf of the Board I welcome him to LMS.”

LMS Capital plc confirms that there is nothing further to disclose in relation to Rule 9.6.13 (2) to (6) of the Listing Rules.

For further information please contact:

LMS Capital plc 020 7935 3555

Glenn Payne, Chief Executive Officer

Tony Sweet, Chief Financial Officer

Brunswick Group LLP 020 7404 5959

Simon Sporborg

Leonora Burtenshaw

About LMS Capital

LMS Capital is an investment company with over 30 years’ experience in private equity and development capital investment. Our objective is to deliver superior absolute returns for shareholders through a portfolio of direct investments; our focus is on small to medium sized companies in our preferred sectors of consumer and media, energy & utilities and applied technology, software & services.

We seek to partner with experienced managers in profitable, growing companies where we expect to add value. Our focus is on buying and investing in management teams and companies at favourable prices: on the assumption of gradual economic improvement our outlook is positive on the investment environment and we expect M&A activity to increase accordingly. We will continue to be cautious in our investment approach, aiming to grow our investments (and NAV) by 15%+ per annum without undue risk or investing in unproven businesses.

The Company has a portfolio at 30 June 2010 valued at £230.3 million, most of which we expect to realise in cash in the medium term. This harvesting of our legacy investments should produce the capital required to finance a number of new direct deals over the next five years.

Our recent deal experience has confirmed to us that potential partners place great store on working with people who not only understand their business (typically through previous deals in the same sector) but also have themselves worked in operational management positions and who therefore understand and empathise with the role of management in a business partnership. All members of our investment team have prior experience as part of an operational management team.