PEGG Capital Adds Elaine Harris to Supervisory Board

Investment and advisory group PEGG Capital has added Elaine Harris its supervisory board. Harris is a partner with San Francisco-based Gramercy Private Equity and Gramercy Venture Advisors. PEGG Capital is a Frankfurt-listed investment and advisory group specializing in investing in telecommunications.

PRESS RELEASE
PEGG Capital AG (PEGG) (FRANKFURT: PGU), a corporate advisory, commercialization and investment group focusing in the areas of information and communication technology (ICT) and other innovative technologies, today announced the nomination of Elaine Harris to the Supervisory Board of PEGG. The Supervisory Board, which is a governance requirement under the Company’s Frankfurt listing, has a primary duty and responsibility to oversee the work of PEGG’s Executive Board, appoint new members and to approve significant corporate decisions and company planning.

Simon Blagden, Group Executive Chairman of PEGG, comments, “We feel very privileged to have Elaine join the Supervisory Board. It is a very important role and she brings such an enormous wealth of knowledge with her risk management, governance, finance, technology and international experience.”

Ms. Harris is a Partner with Gramercy Private Equity and Gramercy Venture Advisors. She also serves on the Board of Directors of several early-stage technology companies. As a former Partner of Ernst & Young, Ms. Harris brings over 27 years of risk management, technology and governance and compliance experience. She is currently based in London, where she has resided for the past 5 years. Previously, Ms. Harris was based in Tokyo and provided senior client management insight in her various areas of expertise.

Ms. Harris has served in various leadership roles at Ernst & Young in the United States, Asia and Europe. Throughout her career, she has gained extensive global experience in the media and entertainment, technology, telecommunications and consumer products industries.

“I am honored to be appointed to this important role,” stated Ms. Harris. “Given the Company’s technology focus, merger and acquisition expertise, and international scope, I look forward to contributing my insight. I anticipate my experience in international business, technology, and regulatory affairs can add significant value to the growth process of both the Company and its portfolio.”

About PEGG Capital AG
PEGG Capital AG (PEGG) is a Frankfurt-listed, publicly-traded investment and advisory group specializing in investing in information communication, telecommunications and other innovative technologies. PEGG identifies portfolio companies that adhere to specific fundamentals and business criteria to enhance shareholder value for PEGG and its shareholders. PEGG covers a broad range of opportunities focused on translating innovative projects into commercial reality through funding support, hands-on assistance, and leveraging cross-border opportunities. PEGG is headquartered in the Isle of Man with operations in New York, San Francisco & Beijing, through its Gramercy interests, and satellite offices in London and Melbourne.