RNS Number:5102P
Sky Capital Holdings Limited
08 September 2003

               SKY CAPITAL HOLDINGS LTD. ("Sky" or the "Company")

                            Appointment of Director

Sky Capital Holdings Ltd. is pleased to announce the appointment of Dr Gary
Fromm (aged 69) as a new Executive Director with immediate effect.

In accordance with paragraph F of Schedule 2 of the AIM Rules Dr Fromm's past
and present Directorships over the past five years are listed below:-

Current

Sky Venture Capital Inc
Sky Capital UK Limited
Sky Capital UK Nominees Limited
Global Secure Holdings Ltd
Tri Star Computer Corporation
American Technology Group
Neoterik Health
IDC Financial Publishing
Investment Intelligence Financial Systems Corporation

Sky Capital Holdings Ltd. confirms that no other details are required to be
disclosed under paragraph F of Schedule 2 of the AIM Rules with respect to Dr
Gary Fromm, except that:

He was a director of Tri Star Computer Corporation, a computer hardware company,
which went into voluntary Chapter 11 in 1997 resulting in a shortfall to
creditors.


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