Management Appointments: Appointment of Managing Director

16 January 2008

Appointment of Managing Director

The Board of ArgentVive is pleased to announce that, following the completion of the acquisition of Solcara Limited ("Solcara"), Ray Jackson has been appointed as Managing Director of the Group with immediate effect.

As Managing Director of ArgentVive Mr. Jackson will be responsible for the day to day operations of the Group and driving ArgentVive to profitability. He is also specifically responsible for the integration of recently acquired companies into the Group and the exploitation of available synergies.

Mr. Jackson, age 59, is a founder and the Managing Director of Solcara which is one of the UK’s leading search and information management companies. Prior to founding Solcara in 2001, Mr. Jackson was Sales Director at Dataware Limited, a leader in knowledge driven e-business solutions. He was also a director at Eurostart Technologies Limited between 1997 to 1998, a company helping US technology companies entering European markets. Previously Mr Jackson held senior management positions with a number of IT companies including Control Data Corporation and ICL Limited. In 1988 Mr. Jackson was appointed a director of Dataguild Limited, a networking distribution systems company which was put into administration in 1996.

Kevin Fleming, Finance Director commented;

"I am delighted that Ray Jackson has joined the Board and believe his eCommerce experience, particularly in the Business to Business sector, coupled with his background in research and development within Solcara will be of value to the Group."

Management Appointments

Mr. Simon Hargreaves who was Operations Director at Solcara, takes responsibility for Group Operations and becomes Managing Director of AuctionAssist Limited with the objective of improving systems and infrastructure to enable the business to scale rapidly. Mr. Van Tran who had been acting Managing Director of AuctionAssist will take a New Business Development role within the ArgentVive Group.

Mr. Rob Martin is promoted to Managing Director of Solcara Limited. Mr. Martin was formerly Head of the Information Management Division of Solcara and was one of the founding directors. Mr. Martin has 20 years experience of design, development and implementation of information management and retrieval solutions and has been responsible for the product development and professional services teams at Solcara.

Enquiries:

ArgentVive plc:
Kevin Fleming, 01932 460 101

Charles Stanley Securities:
Russell Cook / Carl Holmes, Nominated Advisor and Joint Broker, 020 7149 6000

IAF Securities
Gary Pinkerton, Joint Broker, 020 7747 7400

College Hill

Mark Garraway/Kate Pope, 020 7457 2020

In accordance with Rule 17 and Schedule 2 (g) of the AIM Rules: Raymond Richard Jackson has the following directorships

Current Directorships

Solcara Limited

Past Directorships

Compliance Manager Limited
Eurostart Technologies Limited
RRJ Technologies Limited

Save for the information disclosed above, there is no other information in relation to Raymond Jackson required to be disclosed pursuant to AIM Rule 17 Schedule 2(g) of the AIM Rules.