RNS Number:1367M
Absolute Capital Mgmt Holdings Ltd
18 January 2008




                                        
          Absolute Capital Management Holdings Limited (the "Company")
                            Appointment of Director

Absolute Capital Management Holdings Limited announces that Mr. Kyriakos Rialas 
has been appointed as a Non-Executive Director with immediate effect.

Mr. Rialas, aged 45, currently holds the following directorships:

*Argo Capital Management (Cyprus) Ltd
*Argo Capital Management (Asia) Pte Ltd
*Hellenic Copper Mines Ltd
*Argo Capital Management Property Ltd
*The Argo Fund Ltd
*Argo Capital Investors Fund SPC
*Argo Capital Partners Fund Ltd


Mr Rialas has been a director of Universal Life Insurance Company Ltd in the
previous five years, although he no longer holds this title.

Mr. Rialas is the ultimate beneficiary of Wisynco Investments Inc. Wisynco has
an  interest in 6,676,050 Company shares, representing 9.6 per cent of the
Company's issued  share capital.

There are no other details to be disclosed pursuant to paragraph (g) of Schedule
2  to the AIM Rules.



Enquiries

Absolute Capital Management Holdings Limited        Tel: +34 971 765 553
Jonathan Treacher

Panmure Gordon                                      Tel: +44 (0)20 7459 3600
Dominic Morley

Cardew Group                                        Tel: +44 (0)20 7930 0777
Tim Robertson
Shan Shan Willenbrock
David Roach




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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