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23.03.2010
London Hong Kong Exchange Plc announces appointment of executive Chairman of the Board
London Hong Kong Exchange Plc announces appointment of executive Chairman of the Board

London, 23 March 2010, London Hong Kong Exchange Plc (“LHKX”) announces the appointment of Mr Philip Reid as executive chairman of the board.

Philip Reid (aged 60) has over 30 years experience in the international investment banking sector having held senior positions in stock broking, venture capital, asset management and corporate finance with blue chip organisations including: Merrill Lynch, Continental Trust and The National Research Development Corporation. During the period 1989 – 1999 Mr Reid was a founder and key management team member at Dublin IFSC based Custom House Asset Management an independent advisor and administrator for third party investment funds. More recently Mr Reid has acted as senior consultant to the Anglo Dutch investment bank Insinger de Beaufort.

Currently, Mr Reid is Chairman of the Board of UK Plus listed I Financial Services Group Plc, which includes as subsidiary the UK FSA regulated corporate adviser Orange Corporate Finance. He is also Chairman of Harbinger Capital Plc, a significant shareholder of UK Plus Listed Early Equity Plc and Frankfurt Listed Tangibal Media Plc Mr Reid has considerable experience as an executive board director responsible for corporate development and also has significant experience in the role of chairman and non-executive board director for a number of listed companies. More recently Mr Reid was non-executive chairman of Mavinwood Plc and executive chairman of Newmarket Investment Plc.

Mr Reid commented “This is a very exciting challenge. The business model of LHKX includes some truly innovative elements which are capable of developing traditional trading platform thinking. With current and already identified future support, I believe the company capable of considerable success"

About LHKX :

London Hong Kong Exchange Plc (“LHKX”) is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products mainly targeted at qualified retail class investors and traders.
For further queries please contact: press@lhkx.co.uk

The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Contacts:
LONDON HONG KONG EXCHANGE PLC
Lynton House
7-12 Tavistock Square
LONDON WC1H 9BQ
United Kingdom
Telephone: +44 20 7 193 3853
Email: contact@lhkx.co.uk



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