RNS Number:5182J
Sky Capital Holdings Limited
01 April 2003

for immediate release



                   SKY CAPITAL HOLDINGS LTD. (the "Company")

                            Resignation of Director



The Directors of Sky Capital Holdings Ltd ("the Company") announce, with regret,
the decision of Mr Alexander Duma to step down both as Chairman and Director
with immediate effect. Mr C Thomas McMillan will assume the position of acting
Chairman.  Mr McMillan is already a non-executive Director of the Company.

Together with Mr Ross Mandell, the Group Chief Executive, Mr Duma was largely
instrumental in the successful admission of the Company to the Alternative
Investment Market ("AIM") in July last year.  At that time the Company raised
#3.7 million at 185p per common share.

It is the intention of the Board to replace Mr Duma as a UK based non-executive
Director as soon as is practicable.


1 April 2003



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