CUBUS LUX PLC                                 

                                (the "Company")                                

                        Further re: board appointments                         

On 18 May 2007 the Company announced the appointment of Francisco Alvarez as a
non-executive director of the Company.

The Company has received advice from its solicitors that the appointment was
not legally valid or effective as the Company's articles of association provide
that the Company cannot have more than 7 directors. The appointment of
Francisco Alvarez would have resulted in the Company having a total of 8
directors.

The Company intends to seek shareholder consent at a forthcoming general
meeting to amend its articles of association to permit further board
appointments. The directors hope to invite Mr Alvarez to join the board when it
becomes possible, either upon a vacancy arising within the board of directors,
or following the passing of such a resolution by the shareholders.

The board apologises to Mr Alvarez for the inconvenience caused

For further information please contact:

Leon Nahon +44 (0)7920 834 156
Cubus Lux plc

Liam Murray/Simon Sacerdoti +44 (0)20 7090 7800
City Financial Associates Limited

Graham Herring/Josh Royston +44 (0)20 7936 9605
Threadneedle Communications Limited



END
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