KCIC plc: Cornerstone Investor Secured - Marketing Commences

KCIC plc: Cornerstone Investor Secured - Marketing Commences

November 26, 2007

Further Details at www.kcicplc.com


    SEOUL, South Korea, Nov. 26 /Xinhua-PRNewswire/ -- KCIC
plc ("KCIC" or "the Company"), which
will be the first investment company focused on Korean SMEs
to float on the London Stock Exchange's AIM market, is
pleased to announce that it has secured a cornerstone
investment of British pounds Sterling 2.5 million from
Woori Investment & Securities Co. Ltd.
("Woori"), the leading Korean securities
business.
 
    KCIC begins marketing this week and intends to raise a
total of approximately pounds 50 million across key
territories, which include Korea, Hong Kong, Singapore, the
United Arab Emirates and the UK.

    Daniel Stewart & Company is acting as the Company's
Nominated Adviser and Broker for the fund raising and
admission to AIM in the UK.

    Woori has also been appointed as co-manager to the
marketing in Korea, leveraging off its in-depth investment
experience and extensive network of 121 offices across
Korea. In addition, Dao Heng Securities Ltd., an
established broker based in Hong Kong, has been appointed
co-manager in the territories of Hong Kong, Malaysia and
Singapore. In the United Arab Emirates, Convergence Capital
Ltd., the boutique investment bank operating in the Dubai
International Financial Center, will be assisting with the
fund raising.

    KCIC was established by a senior management team with
significant strategic investment expertise in Asia in order
to invest in small to medium sized, profitable South Korean
technology companies. KCIC will prepare each business for
either a possible listing on an appropriate stock exchange
or a trade sale.

    The Company will generate revenues from the provision
of strategic management consulting to select invested SMEs
in order to move investee companies towards their targeted
exit.  Unlike an investment fund, KCIC will not take any
management or performance fees.

    KCIC's management team, led by Thomas Yi CEO, has
exceptionally strong contacts and support within the South
Korean business and investment community and has identified
a broad spectrum of profitable companies for potential
investment.  This strategy is reinforced by the South
Korean government which has placed a strong emphasis on the
development of new and emerging technologies by the nation's
SMEs. 

    Thomas Yi, CEO of KCIC, said, "We are delighted to
announce Woori as our cornerstone investor.  It is testament
to the strength of our proposition that we will be working
with Woori not only during our fundraising in Korea but
also subsequently as we intend to appoint a Woori executive
as a Non Executive Director. We have built an exceedingly
strong network to support our marketing efforts and I look
forward to reporting further progress in due course." 


    For more information, please contact:

     Thomas Yi, CEO 
     KCIC plc
     Tel:   [phone]
     Email: [e-mail]

     Shane Dolan 
     Biddicks Financial Public Relations
     Tel:   [phone]
     Mob:   [phone] 

     Lindsay Mair and Stewart Dick, 
     Nominated Adviser & Broker of Daniel Stewart &
Company
     Tel:   [phone] 
     Web:   http://www.danielstewart.co.uk