RNS Number:4810O
Abraxus Investments PLC
08 August 2003


              Abraxus Investments Plc ("Abraxus" or "the Company")

                               Board appointments


Abraxus Investments, the AIM listed company that specialises in identifying
international and UK commercial property related investment opportunities,
announces the appointment of three non-executive directors to the board to
assist the Company in its strategy of focusing on property investments in
Eastern Europe.

Mr Ernest Michael Kevehazi, FCA, CPA, aged 71, was born in Budapest and educated
in England qualifying as a chartered accountant. He was a partner in Rothenberg
and Co and subsequently managing partner in Kesselman - Kessleman in Israel (now
part of PwC) until 1993. From 1993 until 2000 he was managing partner of KPMG
Hungary and was also a member of the Board of KPMG - CEE region. He now acts as
a consultant. Michael brings very considerable expertise in Central Europe to
Abraxus.

Mr Alon Liberman, LLB, aged 43, was born and educated in Israel. He qualified as
a lawyer and is a member of the Israeli Bar Association. Since then he has
specialised in property investments particularly in Central and Eastern Europe
and in particular in Poland. He is chairman of Keren Gap Development which is
quoted on the Tel Aviv Stock Exchange. He is also chairman of S. B. F Holdings
Limited and is a director of Keren Gap Holdings.

Mr Uri Heller, aged 54, was born and educated in Israel where he studied
engineering and is a member of the Engineering Association in Israel and now
lives in Prague, Czech Republic. He has more than 10 years expertise in property
investment and property development in Central Europe in particular Hungary and
the Czech Republic. Mr Heller has a 6.98 per cent stake in the Company acquired
at the time of the Company's placing in April of this year.

Contacts:

Phil Edmonds, Abraxus Investments plc                    020 7224 2522

John Depasquale, Seymour Pierce                          0207 107 8000

Hugo de Salis, St Brides Media & Finance                 020 7242 4477




For each of the directors the following information is provided under Schedule
Two (f) of the AIM Rules:

Mr Michael Kevehazi

Current Directorships

Elran Investments 2000 Limited

KFAR Maccabiah Limited

Past Directorships

None

Mr Alon Liberman

Current Directorships

SBF Holdings Ltd

Keren GAP Holdings Ltd

Keren GAP Development (GBS) Ltd

Neot Hatovor Ltd

Investica Ltd

Alon Liberman (1997) Ltd

Past Directorships

None

Mr Uri Heller

Current Directorships

Versamed Medical Ltd

DHIM Development B.V.

DH Management Ltd

Kancero Holdings Ltd

Borsetta Trading Ltd

URIAH Invest & Holdings Ltd

Olena Investment BV

Penfai Limited

Business Center 99 Kft

ICL-1 Budapest Kft

Global Center Kft

Global Controll Kft

Global Management Kft

BCP Kft

Global Estates Kft

Global Development Kft

Global Investment Kft

Global Properties Kft

GVA Hungary Kft

Tradotek Kft

Inter Estates Kft

Airport City Kft

Global Immo Kft

ROI Kft

YZ Holdings spol s.r.o

BC2000 s.r.o

AB Management spol. s.r.o

Poligom BC s.r.o

CD Properties s.r.o

Past Directorships

Danael Group Ltd

Mr Uri Heller was a director of Safety Guard Limited, an Israeli registered
company, which was put into self liquidation by the directors of that company in
1995. There were no creditors outstanding.

There is no other information to be disclosed under Schedule Two (f) of the AIM
Rules.



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

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