Dolphin Capital Investors Limited

("Dolphin" or the "Company")

Director changes

Dolphin, an investor in high-end resort developments in the eastern Mediterranean, announces that Martin Adams, who has been Chairman of the Board of Directors of the Company since 30 June 2021, has resigned as a Director with immediate effect.

The Board and the Investment Manager would like to thank Martin for his guidance and support in (i) improving the Company's corporate governance; and (ii) implementing its new investing policy and realisation strategy aimed at selling the remaining investments, repaying debt and distributing the net proceeds to Shareholders.

Sean Hurst has been appointed as a Director, also with immediate effect, and elected by the Board to be the new Chairman. He has 32 years experience in the financial services industry including 29 years involved in listed closed-end investment companies and 15 years as an investment manager focused on absolute return, relative value mandates investing in closed end funds. He was a co-founder, Director and CIO of Albion Asset Management, a French regulated asset management company, from 2005-2009. He is an experienced multi-jurisdictional Director including roles at London/AIM-listed funds and numerous offshore and UCITS funds and is a specialist in UK-listed fund reorganisations.  He is currently the Non-Executive Chairman of JPEL Private Equity Ltd which is invested in Global private equity funds and co-investments and the Senior Independent Director of Vietnam Holding Ltd which is invested in Vietnam equities and he was a Non-Executive Director of AIM-listed ARC Capital Holdings Ltd which was invested in Chinese private equity. He holds an MBA in Finance from CASS Business School in London and is a resident of France.    

Enquiries

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

There is no further information to be disclosed in relation to the appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.