May 2008: Industries plc (LSE: HAMP): £65m Placing and Open Offer, and Acquisitions

On 2 May 2008 Hampson Industries announced a Placing and Open Offer at 135p per share to raise £65m (gross) for the Company to part satisfy the consideration for the acquisition of Odyssey Industries, Inc and Global Tooling Systems, Inc for a maximum total consideration of up to $314m. Arbuthnot Securities acted as joint Underwriter, Sponsor, Broker and Financial Adviser to Hampson Industries on the issue.

May 2008: Arbuthnot appointed Nominated Adviser and Broker to GTL Resources plc (AIM: GTL, Market cap. £11m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to GTL Resources plc, the AIM-listed US based ethanol production and project development company.

April 2008: Arbuthnot appointed joint Broker to Equest Balkan Properties plc (LSE: EBP, Market cap. £111m)

Arbuthnot is pleased to announce that it has been appointed Broker to Equest Balkan Properties plc, an AIM-listed Isle of Man registered company for commercial property investment in the Balkan region.

April 2008: Sumus plc (AIM: SUMU): recommended merger with Lighthouse Group plc

On 11 March 2008, a recommended offer, by way of scheme of arrangement, for Sumus plc by Lighthouse Group plc was announced, valuing Sumus shares at 42.3p per share (and the entire issued share capital of Sumus at £12.6m). Arbuthnot acted as financial adviser and broker to Sumus on the transaction.

March 2008: iimia MitonOptimal plc (AIM (old): IMO): reverse takeover of Midas Capital (AIM (new): MDS) and placing by Arbuthnot to raise £10.5m

On 6 March 2008, readmission occurred following completion of the reverse takeover by AIM-listed iimia MitonOptimal plc of Midas Capital Partners Limited, a Liverpool-based fund management company, for a total consideration of £100m. The consideration was part-funded through an institutional placing of 7m new shares at 150p per share to raise £10.5m (gross) for IMO. Arbuthnot acted as Nominated Adviser and Broker to IMO, and will continue to act in those roles for MDS.

March 2008: Arbuthnot appointed Financial Adviser and Broker to Sagentia AG (LSE: SGA, Market cap. £8m)

Arbuthnot is pleased to announce that it has been appointed Financial Adviser and Broker to Sagentia AG, a leading international technology consulting and IP licensing organisation, listed on the Official List of the London Stock Exchange.

February 2008: Newbury Racecourse (PLUS: NYR): defence of hostile offer

On 5 February 2008 Guinness Peat Group plc announced the lapsing of a £35m hostile offer for NYR. Arbuthnot Securities acted as Financial Adviser and Broker to NYR on the successful defence of the offer.

February 2008: Telspec plc (AIM: TSP): Admission to AIM

On 18 February 2008 Telspec plc was admitted to trading on the AIM Market following its move from the Official List. Arbuthnot is acting as Nominated Adviser and Broker to the Company.

February 2008: Arbuthnot appointed Broker to Gladstone Pacific Nickel Ltd plc (AIM: GPN, Market cap. £58m)

Arbuthnot is pleased to announce that it has been appointed Broker to Gladstone Pacific Nickel Limited, an AIM-listed mining development company which owns the Marlborough Nickel/Cobalt lateritic deposits near Rockhampton in Central Queensland, Australia.

February 2008: Arbuthnot appointed Nomad and Broker to Romag Holdings plc (AIM: ROM, Market cap. £103m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Romag Holdings plc, an AIM-listed specialist manufacturer of glass and plastic composites for renewable energy, security, transport and architectural applications.

February 2008: Arbuthnot appointed Financial Adviser and Broker to Sagentia Group AG (LSE: SGA, Market cap. £8m)

Arbuthnot is pleased to announce that it has been appointed Financial Adviser and Broker to Sagentia Group AG, a full list technology consulting business creating, developing and delivering business opportunities, products and services.

January 2008: Arbuthnot appointed Nomad and Broker to Leo Insurance Services plc (AIM: LEO, Market cap. £1m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Leo Insurance Services plc.

January 2008: appointed Nomad and Broker to Sabien Technology plc (AIM: SBT, Market cap. £12m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Sabien Technology plc, an AIM-listed company focused on the manufacture and sale of energy saving devices which are proven to reduce energy consumption on commercial boilers and air conditioning units

January 2008: Baltic Oil Terminals plc (AIM: BTC): £3.6m placing by Arbuthnot Securities

On 15 January 2008 dealings commenced following an institutional placing by Arbuthnot of 2.2m new shares and 1.5m vendor shares, each at 95p per share. The proceeds of the placing of new shares will be used to enhance BTC’s balance sheet, finance testing and evaluation programmes, and for general working capital purposes; the proceeds of the vendor placing will part finance the acquisition by BTC of a further 25% interest in ZAO Rosbunker.

December 2007: Andes Energia plc (AIM: AEN): £9.1m placing by Arbuthnot Securities

On 13 December 2007 dealings commenced following an institutional placing by Arbuthnot of 9.1m new shares at 100p per share to raise approximately £9.1m (gross) for AEN. The placing proceeds, together with the proceeds of a new US$5.0m Loan Facility, are to be used to part fund the acquisition of the 50% of SODEMSA S.A. not already held by AEN.

December 2007: Axeon Holdings plc (AIM: AXE): £12.0m placing by Arbuthnot Securities

On 27 December 2007 dealings commenced following an institutional placing by Arbuthnot of 13.3m new shares at 90p per share to raise approximately £12.0m (gross) for AXE. The proceeds are to be used to fund working capital relating to customer orders and new business opportunities, and to strengthen AXE’s balance sheet.

December 2007: Utilico Emerging Markets Ltd (AIM: UEM): £85m C share placing by Arbuthnot Securities

On 19 December 2007 dealings commenced following an institutional placing and offer for subscription of Utilico Emerging Markets C shares by Arbuthnot Securities at 100p per share to raise £85.0m (gross) for the company. Arbuthnot Securities acted as Nominated Adviser and Broker to UEM on the issue.

December 2007: Appian Technology plc (AIM: APN): £1.5m placing by Arbuthnot Securities

On 10 December 2007 dealings commenced following an institutional placing by Arbuthnot of 36.9m new shares at 4p per share to raise approximately £1.5m (gross) for APN. The proceeds are to be used for general working capital purposes.

December 2007: Celoxica Holdings plc (AIM: CXA): sale of ESL business for US$3.0m

On 18 December 2007 CXA announced the proposed sale of its Electronic System Level (ESL) business for a total cash consideration of US$3.0m, subject to shareholder approval. The proceeds are to be used to develop products in the accelerated computing market. Arbuthnot acted as Nominated Adviser to CXA on the disposal.

December 2007: SnackTime plc (AIM: SNAK, Market cap. £10m): Admission to AIM, £3.0m placing by Arbuthnot Securities

On 19 December 2007 dealings commenced on AIM in the shares of SnackTime plc, following an institutional placing by Arbuthnot at 144p per share to raise £3.0m (gross) for the company. SNAK is a national operator of snack and chilled drink vending machines. The funds raised are to be used to fund the next stage of growth for the business. Arbuthnot acted as Nominated Adviser and Broker to SNAK on the IPO.

December 2007: appointed Nomad and Broker to Helius Energy plc (AIM: HEGY, Market cap. £45m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Helius Energy plc, an AIM-listed company established to install and operate biomass fired renewable electricity plants.

December 2007: Invu plc (AIM: INVU): capital reorganisation of Invu, Inc. (AIM: NVU/NVUK)

On 7 December 2007 dealings commenced on AIM in shares of Invu plc following the capital reorganisation, by means of an exchange offer, of Invu, Inc. Arbuthnot Securities acted as Nominated Adviser and Broker to Invu plc and Invu, Inc. on the transaction.

November 2007: Arbuthnot Securities Joint Broker to Sportech PLC (AIM: SPO; Market cap: £60.7m) - Placing & Open Offer; Acquisition of Vernons Football Pools Business

Sportech PLC has announced the proposed acquisition of Vernons Football Pools Business for £51m, partly funded through a Placing and Open Offer to raise £41.4m, together with a share consolidation. Arbuthnot Securities is acting as Joint Broker to Sportech.

November 2007: Arbuthnot Securities appointed as financial adviser and broker to Baltic Oil Terminals Plc (AIM: BTC; Market cap: £50m)

Arbuthnot Securities is pleased to announce its appointment as Nominated Adviser and broker to Baltic Oil Terminals Plc, a c.£50m leading AIM-listed infrastructure company operating in Russia. The Group's principal asset is a 25% interest in the deep sea Rosbunker terminal in Kaliningrad where it also holds controlling interest in several other oil terminal businesses. In addition to its infrastructure activities, Baltic is also the operator for exploration licences in the Kurgan region of Western Siberia, Russia.

November 2007: CQS Rig Finance Ltd (AIM: RIG): £50m C share placing by Arbuthnot Securities

On 13 November 2007 dealings commenced following an institutional placing of CQS Rig Finance Fund C shares by Arbuthnot Securities at 100p per share to raise £50.0m (gross) for the company. Arbuthnot Securities acted as Nominated Adviser and Broker to RIG on the issue.

November 2007: Arbuthnot Securities appointed as nominated adviser and broker to Axeon Holdings plc (AIM: AXE; Market cap: £31.8m)

Arbuthnot Securities is pleased to announce its appointment as nominated adviser & broker to Axeon Holdings plc, a c. £30m AIM-listed clean energy company that supplies battery management systems and battery packs to two industries: (i) Electric/Hybrid Electric Vehicle (EV)/(HEV); and (ii) Power Tool markets. The company is poised to grow as lithium ion (Li-ion) battery technology and assembly markets using its proprietary Vindax semiconductor solution gain traction.

October 2007: Arbuthnot Securities appointed as financial adviser and broker to World Trust Fund Limited (LSE: WTR; Market cap: £160m)

Arbuthnot Securities is pleased to announce its appointment as financial adviser & broker to World Trust Fund Ltd, a c.£160m full list Luxembourg-incorporated investment company, which aims to achieve long-term capital appreciation through investments in closed-end funds whose shares are listed or traded on international exchanges and at a discount to net asset value.

October 2007: Lo-Q plc (AIM: LOQ, Market cap: £4m): Arbuthnot appointed Nomad and Broker

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Lo-Q plc, the AIM-listed leading supplier of dynamic virtual queuing systems to the theme park and related market places.

October 2007: Gourmet Holdings plc (AIM: GRM): £2.0m placing by Arbuthnot Securities

On 17 October 2007 dealings commenced following an institutional placing by Arbuthnot of 7.7m new shares at 26p per share to raise approximately £2.0m (gross) for GRM. The proceeds are to be used to acquire/develop complementary café/patisserie concepts, for operational improvements and for working capital requirement.

October 2007: Microemissive Displays Group plc (AIM: MED): £7.9m placing by Arbuthnot Securities

On 15 October 2007 dealings commenced following an institutional placing by Arbuthnot of 15.7m new shares at 50p per share to raise approximately £7.9m (gross) for MED. The proceeds are to strengthen the MED balance sheet and for anticipated working capital requirements.

October 2007: Target Resources plc (AIM: TGT): £5.6m placing of new shares

On 25 October 2007 dealings commenced following an institutional placing by Arbuthnot of 17.1m new shares at 21p per share, and a direct subscription of 9.5m new shares at 21p per share, to raise approximately £5.6m (gross) for TGT. The proceeds are principally for the acquisition of mining equipment and infrastructure for the execution of TGT’s mining plan in Sierra Leone. Arbuthnot acted as Broker to TGT on the placing.

October 2007: Celoxica Holdings plc (AIM: CXA): £0.7m placing by Arbuthnot Securities

On 10 October 2007 dealings commenced following an institutional placing by Arbuthnot of 14.0m new shares at 4.75p per share to raise approximately £0.7m (gross) for CXA. The proceeds are to be used for working capital purposes.

September 2007: Highland Timber plc (AIM: HTB): £12.5m disposal of Forest Assets

On 20 September 2007 Highland Timber plc announced the approval by shareholders of the disposal of HTB’s Forest Assets to FIM Timber Growth Fund IV for £12.5m cash consideration. Arbuthnot acted as Nominated Adviser to HTB on the disposal.

September 2007: Microgen plc (LSE: MCGN, Market cap: £47.9m): cap: £200m): Arbuthnot Securities appointed joint broker

Arbuthnot Securities was appointed as joint broker (with Investec) to Microgen plc on 6 September 2007. Microgen plc is a provider of software solutions, consultancy and managed services to the Asset and Wealth Management; Commercial, Public and Utilities; Billing and Database Management and Banking sectors.

September 2007: Probability plc (AIM: PBTY, Market cap: £9.7m): Arbuthnot Securities appointed broker

Arbuthnot Securities was appointed as nominated advisor and broker to Probability plc on 5 September 2007. Probability is a leading provider of gambling services on mobile phones.

September 2007: Gaming VC Holdings S.A. (AIM: GVC, Market cap: £42.3m): Arbuthnot Securities appointed broker

Arbuthnot Securities was appointed as nominated advisor and broker to Gaming VC Holdings S.A. on 3 September 2007. Gaming VC is an operating and acquisitions company focused on online gaming.

September 2007: LMS Capital plc (AIM: LMS, Market cap: £200m): Arbuthnot Securities appointed NOMAD & joint broker

Arbuthnot Securities was appointed as NOMAD and joint broker (with JP Morgan Cazenove) to LMS Capital plc on 1 September 2007. LMS Capital is an AIM investment company focused on early, development and growth stage investments in the UK & US and was admitted to AIM following its demerger from London Merchant Securities in June 2006.

August 2007: Cross Shore Acquisition Corp (AIM (old): CSE): Reverse takeover of ReSearch Pharmaceutical Services Inc (AIM (new): RPSE)

On 31 August 2007, readmission occurred following completion of the reverse takeover by AIM-listed, Delaware-based Cross Shore Acquisition Corporation, of Pennsylvania-based ReSearch Pharmaceutical Services Inc. RPS is a clinical staffing organisation which specialises in placing skilled clinicians into the drug development pipelines of major pharmaceutical companies. Arbuthnot acted as Nominated Adviser and UK Broker to Cross Shore, and will continue to act in those roles for RPS.

August 2007: Target Resources plc (AIM: TGT, Market cap: £20.63m): Arbuthnot Securities appointed broker

Arbuthnot Securities was appointed as broker to Target Resources plc on 28 August. Target Resources is an AIM-listed alluvial diamond mining and exploration company developing diamond and gold mining assets and projects primarily in Sierra Leone. Target's licences are located within the Kono district, which is recognised as the most prospective area for diamond mining in Sierra Leone.

August 2007: Torotrak plc (LSE: TRK): £7.9m Placing and Open Offer

On 14 August 2007 dealings commenced following a £6.1m institutional placing by Arbuthnot Securities and £1.8m open offer by Torotrak plc at 30p per share to raise £7.9m (gross) for the company to accelerate business development. Arbuthnot Securities acted as Broker to TRK on the issue.

July 2007: Jupiter Green Investment Trust plc (LSE: JGC): £24.3m placing and offer of C shares and Warrants by Arbuthnot Securities

On 30 July 2007 dealings commenced, following an institutional placing and offer of JGC C shares (and warrants on a 1 for 5 basis) by Arbuthnot Securities at 100p per share to raise £24.25m (gross) for the Company. Arbuthnot Securities acted as Sponsor, Financial Adviser and Broker to JGC on the issue.

July 2007: i-design group plc (AIM: IDG, Market cap. £9.5m): Admission to AIM, £3.5m placing by Arbuthnot Securities

On 20 July 2007 dealings commenced on AIM in the shares of i-design group plc, following an institutional placing by Arbuthnot Securities at 67p per share to raise £3.5m (gross) for the Company. IDG is the developer of a market-leading advertising solution for ATM network owners, such as retail banks, enabling them to run third-party advertising campaigns across their ATM estates. The funds raised are to be used to develop IDG’s sales and marketing activities. Arbuthnot Securities acted as Nominated Adviser and Broker to IDG on the IPO.

July 2007: Arbuthnot Securities appointed Nomad and Broker to Appian Technology plc (AIM: APN, Market cap. £13m)

Arbuthnot Securities is pleased to announce that it has been appointed Nominated Adviser and Broker to Appian Technology plc, an AIM-listed company providing Automatic Number Plate Recognition (ANPR) systems and traffic management products and solutions.

July 2007: Arbuthnot Securities appointed Nomad and Broker to Sumus plc (AIM: SUMU, Market cap. £14m)

Arbuthnot Securities is pleased to announce that it has been appointed Nominated Adviser and Broker to Sumus plc, an AIM-listed holding company for IFA businesses providing investment and financial advisory services and network support services to IFA firms.

June 2007: Arbuthnot Securities appointed joint broker to Randgold Resources Limited (LSE: RRS, mkt cap: £786.9m)

Arbuthnot Securities is pleased to announce that it has been appointed joint broker to Randgold Resources Limited, with immediate effect.

June 2007: Telspec plc (LSE: TSP): Disposal of property

On 26 June 2007 Telspec announced the disposal of its freehold property in Rochester, Kent for a consideration of £1.7m. Arbuthnot Securities acted as Financial Adviser to Telspec on the transaction.

June 2007: Camper & Nicholsons Marina Investments Limited (AIM: CNMI): €17.4m acquisition of Grand Harbour Marina plc

On 22 June 2007 Camper & Nicholsons Marina Investments Limited announced an offer for the remaining 30% it did not own of Grand Harbour Marina plc (Malta) at Lm 0.745 per share, valuing Grand Harbour Marina plc at Lm 7.5m (€17.4m). Arbuthnot Securities acted as financial adviser to CNMI on the transaction.

June 2007: Utilico Investment Trust plc (LSE: UIL): Reconstruction and re-domiciling to Bermuda; £75m placing and open offer

On 20 June 2007 dealings commenced in Utilico Limited following the reconstruction of Utilico Investment Trust plc and its re-domiciling to Bermuda, with a market capitalisation of £300m. In conjunction with the reconstruction a £75m (gross) fundraising was carried out, through a placing and open offer of £75m 2014/2016 ZDP shares in its subsidiary, Utilico Finance Limited. Arbuthnot Securities acted as sponsor, financial adviser and broker on the transaction.

June 2007: Madara Bulgarian Property Fund Limited (AIM: MBF, Market cap. €55m): Introduction to AIM by Arbuthnot Securities

On 18 June 2007 dealings commenced on AIM in the shares of Madara Bulgarian Property Fund Limited, a Jersey-incorporated, closed ended, investment fund focused on real estate development in Bulgaria, following an introduction by Arbuthnot Securities. The market cap at admission was €54.5m. Arbuthnot Securities acted as Nominated Adviser and Broker to MBF on the transaction.

June 2007: INVU, Inc. (AIM: NVUK): £4.0m placing by Arbuthnot Securities

On 7 June 2007 dealings commenced on AIM following an institutional placing by Arbuthnot Securities of 13.3m new shares at 30p per share to raise £4.0m (gross) for NVUK. The proceeds are to be used to fund a capital reorganisation and further investment in product development, sales and marketing to accelerate the future growth of the Company.

June 2007: Finsoft Limited: Sale

In June 2007 the sale was completed of Finsoft Limited, a provider of real time transaction and information management systems for the commercial sports-betting market, to GTECH Sports Betting Solutions Limited. Arbuthnot Securities acted as Financial Adviser to Finsoft.

June 2007: Watermark Group plc (LSE: WMK): £8.0m placing and offer of convertible bonds

On 4 June 2007 an issue was completed raising £8.0m (gross) via Secured Fixed Rate Convertible Bonds. The issue formed part of a capital restructuring to reduce the overall level of bank indebtedness. Arbuthnot Securities is corporate broker to Watermark.

May 2007: Castle Acquisitions plc (AIM: CAQ): £105.2m acquisition of DM Technical Services Limited and AIM re-admission as Castle Support Services plc (AIM: CSU)

On 25 May 2007 Castle Acquisitions plc announced that it had conditionally agreed to acquire DM Technical Services Limited, valuing DM Technical Services Limited at £105.2m. Arbuthnot Securities acted as broker to CAQ on the transaction.

May 2007: Titanium Resources Group Limited (AIM: TRG): £17.6m placing (Arbuthnot Securities, joint broker)

On 10 May 2007 dealings commenced following an institutional placing by Arbuthnot Securities and BM Nesbitt Burns, Inc. of 27.1m new shares at 65p per share to raise £17.6m (gross) for TRG. The proceeds are to be used for general corporate purposes and growth initiatives.

April 2007: Arbuthnot Securities appointed nominated adviser and broker to Oak Holdings plc (AIM: OAH, mkt cap: £13.1m)

Arbuthnot Securities is pleased to announce that it has been appointed nomad and broker to Oak Holdings plc, the property development and consultancy company, with immediate effect.

April 2007: Cornwell Management Consultants plc (AIM: CWM): £7.0m recommended cash offer

On 24 April 2007 a cash recommended offer for Cornwell by Serco Group plc at 40p per share was announced, valuing Cornwell at £7.0m. Arbuthnot Securities acted as financial adviser and broker to CWM on the transaction.

April 2007: Arbuthnot Securities appointed nominated adviser and broker to Prime People plc (AIM: PRP, mkt cap: £14.7m)

Arbuthnot Securities is pleased to announce that it has been appointed nomad and broker to Prime People plc with immediate effect. Prime People plc is the leading UK professional recruitment company focused on the property industry which trades as Macdonald & Co.

April 2007: Provexis plc (AIM: PXS): £2.2m placing by Arbuthnot Securities

On 12 April 2007 dealings commenced on AIM following an institutional placing by Arbuthnot Securities of 143m new shares at 1.5p per share to raise £2.2m (gross) for PXS. The proceeds are to be used for working capital purposes.

March 2007: Arbuthnot Securities appointed nomad and broker to Gourmet Holdings plc (AIM: GRM, Market cap: £9.8m)

Arbuthnot Securities is pleased to announce that it has been appointed nomad and broker to Gourmet Holdings plc, the AIM-listed pub and restaurant operator. The pubs are operated under the Bel & Dragon brand and the restaurants under the Richoux brand.

March 2007: Telspec plc (LSE: TSP): Surrender of property lease

On 26 March 2007 Telspec announced the surrender of the lease on its Melbourne, Australia property for a consideration of A$2.6m. Arbuthnot Securities acted as Financial Adviser to Telspec on the transaction.

March 2007: Recruitment of four analysts for Arbuthnot Securities

Arbuthnot Securities is pleased to announce the recruitment of four experienced equity analysts. Ian McInally, David Cunningham, Iain MacArthur and Tracy Mackenzie have all worked closely together over the past six years, researching 44 stocks from a variety of sectors including oil and gas, alternative energy, financial services, engineering, technology and support services. The team represents a significant addition to the growing Arbuthnot securities research team, taking the total up to 15 analysts, covering a wide range of sectors across the market. The focus remains on consensus-challenging research as well as providing value added service to the 75 strong corporate client base. The team will be based in Glasgow, where Arbuthnot will be opening a new office, but will be fully integrated into the Arbuthnot Securities business.

Mark Brown, CEO Arbuthnot Securities, said:
"We are delighted that Ian, David, Iain and Tracy have agreed to join us. Building on our growing equity research franchise, they will help to develop our breadth of expertise across several sectors and will be a great addition to our existing high-quality research team. An analyst base of such strength is a key platform to help us continue to provide a high quality service to our existing client base as well as attracting new corporate clients”.

March 2007: Arbuthnot Securities joins Dubai International Financial Exchange

Arbuthnot Securities, the investment banking arm of AIM-listed Arbuthnot Banking Group (ARBB.L), and a leading specialist in advising growth companies, has today (20 March) become the latest Member of the Dubai International Financial Exchange (DIFX), the world's newest international stock market. Arbuthnot Securities' membership of DIFX means it will be able to buy and sell securities on the exchange. Arbuthnot is only the second specialist UK investment bank to become a DIFX Member.

Mark Brown, Chief Executive of Arbuthnot Securities, commented:
"To become a DIFX Member at this stage in the exchange's life is very exciting. The exchange offers interesting opportunities both for our institutional clients looking to invest in companies based in the Gulf and for our corporate clients looking to raise money."

Per E. Larsson, Chief Executive of the DIFX commented:
"It gives me great pleasure to welcome Arbuthnot Securities as a Member of the DIFX. The quality and quantity of investment banks joining DIFX since its opening in September 2005 is a testament to the confidence held by Members and investors alike in the exchange. The growing appetite from international investment banks to invest in global markets makes the DIFX an obvious choice."

March 2007: Arbuthnot Securities appointed Nomad and Broker to Safeland plc (AIM: SAF, Market cap. £18m)

Arbuthnot Securities is pleased to announce that it has been appointed Nominated Adviser and Broker to Safeland plc, an AIM-listed property fund management and property trading group.

March 2007: Careforce Group plc (AIM: CFG): £22.2m recommended offer

On 5 March 2007 a recommended offer for Careforce by Mears Group plc at 160p per share was announced, valuing Careforce at £22.2m. Arbuthnot Securities acted as financial adviser and broker to CFG on the transaction.

February 2007: Minera IRL Limited (AIM: MIRL, Market cap. £28m): Admission to AIM, £11.4m placing by Arbuthnot Securities

On 28 February 2007 dealings commenced on AIM in the shares of Minera IRL Limited, following an institutional placing by Arbuthnot Securities at 45p per share to raise £11.4m (gross) for the Company. MIRL is an emerging South American precious metals mining company, with assets in Peru, Argentina and Chile. The funds raised are to be used to fund the progress of various projects in South America. Arbuthnot Securities acted as Nominated Adviser and Broker to MIRL on the IPO.

February 2007: Polaron plc (AIM: POL): £14.9m recommended cash offer

On 20 February 2007 a recommended cash offer for Polaron by Cooper Controls (U.K.) Limited at 95p per share was announced, valuing Polaron at £14.9m. Arbuthnot Securities acted as financial adviser and broker to POL on the transaction.

February 2007: Arbuthnot Securities appointed broker to London Town PLC (AIM: TRK, Market Cap: £32.4m)

Arbuthnot Securities is pleased to announce that it has been appointed broker to London Town with immediate effect. London Town is engaged in residential property development, project management and other related activities. The Company’s portfolio includes 176 pubs, held for development purposes or for pub trading activities, including tenancy agreements

February 2007: Arbuthnot Securities appointed financial adviser and broker to Torotrak PLC (LSE: TRK, Market Cap: £61.75m)

Arbuthnot Securities is pleased to announce that it has been appointed financial adviser and broker to Torotrak with immediate effect. Torotrak is a world leader in full-toroidal traction-drive transmission technology, focused on the development of IVT (Infinitely Variable Transmission) and TCVT (Toroidal Continuously Variable Transmission) systems

February 2007: Celoxica Holdings plc (AIM: CXA): £3.0m placing by Arbuthnot Securities

On 2 February 2007 dealings commenced on AIM following an institutional placing by Arbuthnot Securities of 18.8m new shares at 16p per share to raise £3.0m (gross) for CXA. The proceeds are to be used for developing applications for existing and new accelerated computing customers.

January 2007: Camper & Nicholsons Marina Investments Limited (AIM: CMNI, Market cap. Euro 50m): Admission to AIM and Euro 50.0m placing by Arbuthnot Securities

On 29 January 2007 dealings commenced on AIM in the shares of Camper & Nicholsons Marina Investments Limited, following an institutional placing by Arbuthnot Securities at €1.00 per share to raise €50.0m (gross) for the Company. CNMI is a Guernsey-based company established to invest in the international marina sector and is focused on the acquisition, development, redevelopment and operation of an international portfolio of new and existing marinas and marina-related real estate. Arbuthnot Securities acted as Nominated Adviser and Broker to CNMI on the IPO

January 2007: Arbuthnot Securities appointed sole broker to Castle Acquisitions plc (AIM: CAQ, Market Cap: £7.2m)

Arbuthnot is pleased to announce that it has been appointed sole broker to Castle Acquisitions plc, special purpose vehicle set up to utilise its pension scheme surplus, with immediate effect

January 2007: Arbuthnot Securities appointed nominated adviser & broker to New Media Lottery Services (AIM: NMLS, Market Cap: £9.1m)

Arbuthnot is pleased to announce that it has been appointed nominated adviser and broker to New Media Lottery Services, the AIM-traded supplier and operator of lottery systems and games for government-sanctioned lottery programmes and charities.

December 2006: Oryx International Growth Fund Limited (LSE: OIG): Recommended merger with American Opportunity Trust plc

On 21 December 2006 a recommended proposed merger with American Opportunity Trust plc by Oryx International Growth Fund Limited was announced, valuing American Opportunity Trust plc at £18m. Arbuthnot acted as financial adviser and broker to OIG on the transaction.

December 2006: Arbuthnot appointed nomad and broker to Monstermob Group plc ( AIM: MOB, Market Cap: £29m)

Arbuthnot is pleased to announce that it has been appointed nominated adviser and broker to Monstermob Group plc, the mobile phone games and ringtones specialist.

December 2006: Concateno plc (AIM: COT): Acquisition of Altrix Healthcare plc

On 20 December 2006 a recommended cash offer for Altrix Healthcare plc by Concateno plc at 80.6p per share was announced, valuing Altrix Healthcare plc at £13.6m. Arbuthnot acted as financial adviser to COT on the transaction.

December 2006: Arbuthnot appointed broker to Visonic Limited (LSE: VSC)

Arbuthnot is pleased to announce that it has been appointed broker to Visonic Limited, the international developer and manufacturer of electronic security systems (alarms) and home management systems

December 2006: Hampson Industries plc (LSE: HAMP): Vendor placing and acquisition of Composite Horizons, Inc. (US)

On 1 December 2006 an offer for Composite Horizons, Inc. by Hampson Industries plc was announced, valuing Composite Horizons, Inc. at US$22.8m (£12m). Arbuthnot acted as financial adviser and joint broker to HAMP on the transaction.

November 2006: Arbuthnot appointed nominated adviser and broker to Adventis plc (AIM: ATG)

Arbuthnot is pleased to announce that it has been appointed nominated adviser and broker to Adventis plc, the AIM-listed full service marketing and advertising services group.

November 2006: Arbuthnot appointed Nomad & Broker to Cyberscan Technology, Inc. (AIM: CYBS, Market cap: £36m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Cyberscan Technology, Inc., the AIM-listed leading provider of downloadable sever-based systems to the gaming industry, trading as Cyberview.

November 2006: Arbuthnot appointed broker to Watermark Group plc (LSE : WMK, Market cap. £15m)

Arbuthnot is pleased to announce that it has been appointed sole broker to Watermark Group plc, the leading provider of in-flight products, in-flight catering and cabin management services to the airline and travel industry.

October 2006: Arbuthnot appointed Nomad and Broker to Cross Shore Acquisition Corporation (AIM: CSE, Market cap. £65m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Cross Shore Acquisition Corporation, an AIM-listed special purpose acquisition company. Cross Shore’s mandate is to identify and complete a business combination with a US-based business services company whose operations are particularly suitable for offshoring

October 2006: Arbuthnot appointed Nomad and Broker to Sigma Capital plc (AIM: SGM, Market cap. £11m)

Arbuthnot is pleased to announce that it has been appointed Broker to Sigma Capital plc, the AIM-listed UK specialist asset management and advisory group which focuses on specialist fund management, the commercialisation of University IP and property

October 2006: Matchtech Group plc (AIM: MTEC, Market cap. £72.5m): Admission to AIM, £22m placing by Arbuthnot Securities

On 27 October 2006 dealings commenced on AIM in the shares of Matchtech Group plc, following an institutional placing by Arbuthnot at 310p per share to raise £22.0m (gross) for selling shareholders. MTEC specialises in the provision of contract and permanent staff in the Engineering, Built Environment and Support Services sectors, and is the 4th largest technical and engineering recruitment company in the UK. Arbuthnot acted as Nominated Adviser and Broker to MTEC on the IPO

October 2006: MicroEmissive Displays Group plc (AIM: MED): £5.3m placing by Arbuthnot Securities

On 4 October 2006 dealings commenced following an institutional placing by Arbuthnot of 26.5m new shares at 20p per share to raise £5.3m (gross) for MED. The proceeds are to be used to strengthen the Company’s balance sheet and help secure the Company’s planned move to high-volume manufacturing of its product, eyescreen, in 2007.

October 2006: Business Control Solutions Group plc (AIM: BCT): £3.0m placing by Arbuthnot Securities

On 9 October 2006 the Company announced an institutional placing by Arbuthnot of 50m new shares at 6p per share to raise £3.0m (gross) for BCT. The proceeds are to be used to fund investment in growth of the Company, specifically in product development and in hiring additional sales and marketing and consulting personnel. It is expected that dealings will commence on 2 November 2006, following an EGM of the Company.

September 2006: StatPro Group plc (AIM: SOG): £10.6m placing by Arbuthnot Securities, and acquisition

On 27 September 2006 StatPro announced the proposed acquisition of FRI Corporation for an aggregate consideration of C$53.0m (£25.0m), partly funded through an institutional placing by Arbuthnot of 12m new shares at 88p per share to raise £10.6m (gross) for SOG. It is expected that dealings will commence on 24 October 2006, following an EGM of the Company.

August 2006: Fibernet Group plc (LSE: FIB): £50.6m recommended offer

On 25 August 2006 a recommended offer for Fibernet by GC Acquisition UK Limited at 78p per share was announced, valuing Fibernet at £50.6m. Arbuthnot acted as Broker to FIB on the transaction.

August 2006: Baggeridge Brick plc (LSE: BGBK): £89.2m recommended offer

On 17 August 2006 a recommended offer for Baggeridge Brick by Wienerberger Finance Service N.V. at 216p per share was announced, valuing Baggeridge Brick at £89.2m. Arbuthnot are financial adviser and broker to BGBK on the transaction.

August 2006: Arbuthnot appointed Nomad & Broker to Interactive Gaming Holdings (AIM: IGH, Market cap. £4.30m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Interactive Gaming Holdings, an AIM-listed company focused on making value-enhancing acquisitions in the online sports betting and gaming arenas.

July 2006: First Artist Corporation plc (AIM: FAC): Acquisitions and placing by Arbuthnot Securities

On 11 July 2006 First Artist Corporation plc announced the acquisitions of Proactive Scandinavia A/s and N.C.I. Management Limited for a total consideration of up to £5.0m, together with an institutional placing by Arbuthnot of new shares at 6p per share to raise £1.0m (gross) for the Company. The placing proceeds are to be used for the acquisitions and for working capital purposes.

July 2006: Nationwide Accident Repair Services plc (AIM: NARS, Market cap. £50m): Admission to AIM, £17.5m placing by Arbuthnot Securities

On 4 July 2006 dealings commenced on AIM in the shares of Nationwide Accident Repair Services plc, following an institutional placing by Arbuthnot at 111p per share to raise £17.5m (gross) for selling shareholders. NARS is the largest dedicated provider of accident repair services in the UK. Arbuthnot acted as Nominated Adviser and Broker to NARS on the IPO.

July 2006: Oryx International Growth Fund Limited (LSE: OIG): Offer for Baltimore plc

On 27 June 2006 Arbuthnot, of behalf of Oryx International Growth Fund Limited, announced an all share offer for Baltimore plc. The offer comprised new Oryx C shares at an amount equal to 100% of the formula asset value (FAV) of Baltimore and which valued Baltimore at up to £28.4m.

July 2006: Arbuthnot appointed Broker to Brinkley Mining plc (AIM: BRM, Market cap: £63m)

Arbuthnot is pleased to announce that it has been appointed Broker to Brinkley Mining plc, an AIM-listed company established to explore and develop uranium prospects, with the aim of becoming a leading producer and supplier of intermediate uranium products.

July 2006: Arbuthnot appointed Nomad and Broker to Business Control Solutions plc (AIM: BCT, Market cap: £21m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Business Control Solutions plc, an AIM-listed company which is a leading provider of business and process control software and service solutions to the financial services market.

June 2006: Simon Group plc (LSE: SMON): £95.3m recommended offer

On 15 June 2006 a mandatory cash offer for Simon Group by Montauban S.A. at 60p per share was announced, valuing Simon Group at £95.3m. The offer was subsequently recommended by Simon Group. Arbuthnot acted as Broker to Simon Group on the transaction.

June 2006: Hardys & Hansons plc (LSE: HDYS): £270m recommended offer

On 15 June 2006 a recommended offer for Hardys and Hansons by Greene King plc at £10.59 per share was announced, valuing Hardys and Hansons at £270m. Arbuthnot acted as Broker to HDYS on the transaction.

June 2006: Jupiter Green Investment Trust plc (LSE: JGC, Market cap: £25m): Launch of new investment trust, placing by Arbuthnot Securities

On 8 June 2006 dealings commenced on the Official List in the shares and warrants of Jupiter Green Investment Trust plc, following a reconstruction of Jupiter Global Green Investment Trust plc and a Placing by Arbuthnot and Offer for Subscription, at 100p per share. On Admission, the Company had a market capitalisation of £25.0m. Arbuthnot acted as Sponsor, Broker and Financial Adviser to the IPO. Jupiter Green’s investment objective is to generate long-term capital growth through a diverse portfolio of companies providing environmental solutions.

June 2006: Arbuthnot appointed Nomad and Broker to Ragusa Capital (AIM: USA, Market cap. £11.4m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Ragusa Capital plc, the AIM-listed investment company.

May 2006: Jake Acquisition Limited: £116.3m recommended offer for Mayborn Group plc

On 25 May 2006 a recommended offer by Jake Acquisitions Limited for Mayborn Group plc at 500p per share was announced, valuing Mayborn Group at £116.3m. Arbuthnot acted as Broker to Jake Acquisitions on the transaction.

May 2006: Utilico Emerging Markets Utilities Limited (AIM: UEM, Market cap: £188m): £100m Placing and Open Offer of C shares by Arbuthnot Securities

On 12 May 2006 dealings commenced in UEM’s 100m C Shares and 20m C Warrants following a placing and open offer by Arbuthnot Securities at 100p per share. Arbuthnot acted as Nominated Adviser and Broker to UEM. This secondary issue followed the successful £75m IPO of UEM in July 2005.

May 2006: Stator Group plc (AIM: SOG): £2.6m placing by Arbuthnot Securities

On 9 May 2006 dealings commenced following an institutional placing by Arbuthnot of 3.25m new shares at 80p per share to raise £2.6m (gross) for SOG. The proceeds are to be used primarily for working capital purposes, to implement the Company’s growth strategy through strengthening its client services and consulting teams and funding the cash elements of acquisitions.

May 2006: Arbuthnot appointed Nomad and Broker to Alexander Mining plc (AIM: AXM)

Arbuthnot is pleased to announce that it has been appointed Nomad and Broker to Alexander Mining plc, the AiM-listed copper, gold and silver mining company with projects in Argentina and Peru.

May 2006: Arbuthnot appointed financial advisor and stockbroker to INVESCO Asia Trust plc

Arbuthnot is pleased to announce it has been appointed financial advisor and stockbroker to INVESCO Asia Trust plc, which aims to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian securities.

April 2006: European Equity Tranche Income Limited (AIM: EET, Market cap: Euro 100m): Admission to AIM, Euro 100.0m placing and offer for subscription by Arbuthnot Securities

On 26 April 2006 dealings commenced on AIM in the shares of European Equity Tranche Income Limited, following an institutional placing and offer for subscription by Arbuthnot at 100p per share to raise Euro 100.0m (gross) for the Company. EET is a newly-established closed-ended investment company registered in Guernsey, and will invest in non-investment grade and equity tranche (or residual income) positions of residential mortgage-backed securities. Arbuthnot acted as Nominated Adviser and Broker to EET on the IPO.

April 2006: Fulmar plc (LSE: FMR): £33m recommended offer

On 4 April 2006 a recommended offer for Fulmar by Cameron CPI UK Limited at 122.5p per share was announced, valuing Fulmar at £33.0m. Arbuthnot acted as financial adviser and broker to FMR on the transaction.

April 2006: New Arbuthnot Securities appointment: Andrew Lewis

Arbuthnot is pleased to announce that Andrew Lewis has joined the firm on the market making desk . Andrew joins from Tullet Liberty, prior to which he ran the prop book at Bank of America in London. He has a total of 25 years' trading experience, mainly at BZW and Nat west.

April 2006: StatPro Group plc (AIM: SOG) – Arbuthnot appointed Nomad and Broker

On 10 April 2006 StatPro, the AIM listed provider of portfolio analytics solutions for the global asset management industry, announced the appointment of Arbuthnot as nominated adviser and stockbroker.

March 2006: Parity Group plc (LSE: PTY): £16.0m Placing and Open Offer by Arbuthnot Securities

On 30 March 2006 Parity Group plc, the UK IT services group, announced a Firm Placing and a Placing and Open Offer of approximately 32m new shares (following a capital reorganisation) at 50p per share, to raise £16.0m (gross) for the Company. Arbuthnot acted as Sponsor, Broker and Financial Adviser to the transaction.

March 2006: NetServices plc (AIM: NSV, Market cap: £21m): Admission to AIM, £11.0m placing by Arbuthnot Securities

On 8 March 2006 dealings commenced on AIM in the shares of NetServices plc, a specialist provider of convergent B2B voice and data networks, following an institutional placing by Arbuthnot at 71p per share to raise £5.0m (gross) for the Company and £6.0m (gross) for selling shareholders. Arbuthnot acted as Nominated Adviser and Broker to NSV on the IPO.

March 2006: Hardys & Hansons plc (LSE: HDYS): Admission to AIM

On 3 March 2006 Hardys & Hansons was admitted to trading on the AIM Market following its move from the Official List. Arbuthnot acted as Nominated Adviser and Broker to the Company.

March 2006: Arbuthnot appointed joint broker to Sportech

Arbuthnot is pleased to announce it has been appointed joint broker (with Investec) to Sportech (SPO.L). The company operates pools and gambling businesses under the Littlewoods brand.

March 2006: Arbuthnot Securities: 2005 Full Year results

Arbuthnot Securities “A well-kept secret”
Arbuthnot Securities Ltd is the investment banking subsidiary of Arbuthnot Banking Group plc, which announced its results for the year ended 31 December 2005 today. 40% of the equity of Arbuthnot Securities has been distributed or reserved within a Long Term Incentive Plan for employees, with 60% to be retained by Arbuthnot Banking Group. Arbuthnot Securities is focused on UK growth companies, typically of a small-to-mid range capitalisation, and has two principal business streams: raising equity for, and providing equity and M&A advisory services to, corporate clients, and offering research and transactional services in UK equities to asset management clients.
In 2005 its revenues advanced 58% to reach £19.4m, with all activities performing well. Such a revenue base places Arbuthnot Securities within the same category as better-known firms such as Panmure Gordon and Bridgewell and has earned the business the soubriquet of “a well-kept secret”.

February 2006: Arbuthnot appointed Nomad and Broker to Aurum Mining plc (AIM: AUM, Market cap: £6m)

Arbuthnot is pleased to announce that it has been appointed Nominated Adviser and Broker to Aurum Mining plc, an AIM-listed company formed to develop gold and other mineral extraction projects in the Former Soviet Union.

February 2006: MicroEmissive Displays plc (AIM: MED) – Arbuthnot appointed Nomad and Broker

On 8 February 2006 MicroEmissive Displays, the AIM listed designer and manufacturer of low-power light emitting polymer displays, announced the appointment of Arbuthnot as nominated adviser and stockbroker.

February 2006: First Artist Corporation PLC (AIM: FAN) – Arbuthnot appointed Nomad and Broker

On 8 February 2006 First Artist Corporation PLC, the acquisitive sports and entertainment group, announced the appointment of Arbuthnot as nominated adviser and stockbroker.

January 2006: Parity Group plc (LSE: PTY): Disposal of European operations

On 26 January 2006 Parity Group announced the disposal of substantially all of its continental European operations for a total consideration of Euro 7.7m. Arbuthnot acted as Financial Adviser to Parity on the transaction.

January 2006: Neil Kirton joins Arbuthnot Securities as Deputy Chief Executive

Arbuthnot Securities is pleased to announce the appointment of Neil Kirton as Deputy CEO. Neil’s key focus will be winning new corporate brokership clients. Neil joined Hoare Govett as a graduate in 1985 and worked his way up the sales desk to eventually become Global Head of Sales for ABN AMRO. He left in 2002 to help set up Bridgewell where he was Head of Equities.

January 2006: Rupert Stevenson promoted to Head of Investment Trusts

Arbuthnot Securities is pleased to announce that Rupert Stevenson has been appointed Head of Investment Trusts and will join the firm’s Management Committee with immediate effect.

January 2006: New Arbuthnot Research appointments: Paul Leyland (Leisure) & Xavier Gunner (Support Services)

Paul Leyland will shortly be joining Arbuthnot to cover the Leisure sector in combination with Melanie Sharp. Paul brings a specific expertise in the gaming industry, and will concentrate his efforts on driving the firm’s franchise in this growing sub-sector. Paul has originated and worked on several corporate transactions within the gaming sub-sector over the last two years and has published several well-received reports on the industry and its newer companies. Paul graduated from Leicester University with first class honours. He worked in the Leisure sector research team at Panmures from 2000 to 2003, from where he joined Seymour Pierce as their Leisure analyst.
Xavier will be taking up the Support Services sector from 6 February, having worked as an automotive sector analyst at UBS for the last 12 years. Xavier will work closely with Andy Brown, Arbuthnot’s Construction analyst in order to ensure a consistent house approach to issues such as Public Expenditure, PFI and Facilities Maintenance. Xavier graduated from Durham University with a Natural Sciences degree and then joined UBS (Warburg) where he has spent his career to date, becoming an Extel No1 rated analyst and rising to the position of Executive Director and Head of the European automotives team.

December 2005: Cosentino Signature Wines plc: Admission to AiM - Placing by Arbuthnot Securities Ltd

The shares of Cosentino Signature Wines plc were admitted to trading on AiM on 1 December. Cosentino is a luxury* and ultra-premium** wine producer whose operations are based in California. The company was valued at £28.1m at the IPO price of 125p per share and the associated placing raised £11.4m gross for the company. Cosentino plans to apply the proceeds to fund investment in expanding its Californian operations and to reduce debt. The company's strategy is to complement this with selective acquisitions of other top end wine producers in the US and elsewhere where it believes significant synergies exist, with the medium-term objective of building a substantial international wine brands group.

November 2005: Hampson Industries Plc announces £34m share placing underwritten by Arbuthnot Securities and proposed acquisitions of Coast Composites, Inc and Lamsco West Inc.

Hampson Industries PLC, the listed aerospace and precision engineering group has today announced the proposed acquisitions of Coast Composites, Inc. and Lamsco West, Inc for a total initial consideration of US$81.2m (£46.7m). Hampson also announced a share placing to raise £34m gross of expenses. The placing has been underwritten by Arbuthnot Securities, who are also acting as sponsor, financial adviser and broker to Hampson. In addition, Hampson has signed a new £80m revolving credit facility. Hampson will also be consolidating its shares on a five-into-one basis. Subject to approval at an EGM on 15 December, the new shares will list and be admitted to trading on 16 December 2005.

October 2005: Arbuthnot Securities acts as sole underwriter and sponsor to UMECO plc’s £50.6m rights issue

1 November 2005, UMECO plc (Ticker: UMC – Mkt Cap: £161m) announced the proposed 4 for 9 rights issue at 350p to raise £50.6m (gross) as well as the acquisition of Provest s.r.l., the leading distributor of aerospace fasteners in Italy, for a maximum consideration of Euro 20.0m. The net proceeds of the rights issues will be used by UMECO to enable it to pursue its stated growth strategy, organically and via acquisitions. Arbuthnot Securities is acting as sole underwriter and sponsor to the rights issue.

October 2005: Arbuthnot appointed stockbroker to Titanium Resources Group Limited - £10m placing

On 19 October 2005, Titanium Resources Group Limited ("TRG") (AIM, ticker: TXR, Mcap: £110m) announced an institutional placing of 20m new shares, at 50p per share, to raise £10.0m (gross) for TRG. The new shares represented approximately 10.7% of TRG's existing issued shares. Arbuthnot has been appointed stockbroker to TRG, and acted as broker to the placing.

September 2005: Arbuthnot appointed financial advisor and stockbroker to Newbury Racecource plc

Newbury Racecource plc, listed on OFEX with mkt cap of £23m, has today announced the appointment of Arbuthnot as Financial Adviser & Stockbroker.

August 2005: Arbuthnot Securities is pleased to announce the appointment of John McGloin, Mining analyst

John has a BSc in Geology from University College Galway and a MSc in Mining and Exploration Geology from Camborne School of Mines. He worked as an exploration geologist in Europe and Africa for seven years before spending five years working in Resources Consultancy. John moved into investment banking three years ago. He joins us from Evolution Securities where he was the small to mid cap mining analyst, and has demonstrated particular success in capital raising. We are delighted, after a long search process, to be able to add this sector to Arbuthnot's coverage with an appointment of such calibre. John's start date is 26 September.