CSH Civitas Social Housing Plc

    RNS Number : 6888H
  Caspian Holdings plc
  07 November 2008
   

    Caspian Holdings Plc
    ("Caspian" or the "Company")
    7 November 2008

    Appointment of Director

    The Board of Caspian Holdings Plc is pleased to announce the immediate appointment of Dr Byron Pirola as Non-Executive Director
effective today. 

    Byron Antony Pirola, aged 48, has over 21 years experience in strategic consulting to major Australian and international companies. He
has been a Director of Po Valley Energy a leading European oil and gas company for over 6 years and has extensive experience in the
resources and energy sector.

    Dr Pirola brings to the Company significant experience in management, energy and resources, and in corporate governance.

    Commenting on the appointment, Executive Chairman Michael Masterman said "It is great to have Dr Pirola join the Board at a time of
great challenges in our industry. His experience will strengthen the board and provide a strategic focus to our activities."

    During the past 5 years, Dr Pirola holds or has held the following positions where he was or is acting in the capacity of director:

 Current Directorships/          Past
 Partnerships                    Directorships/
                                 Partnerships (within
                                 the last five years)
                                  
 Beronia Investments Pty Ltd     None
 Beronia FS Pty Ltd
 Equius Finance Pty Ltd
 Living Well Media Pty Limited
 Pirola Investments Pty Ltd
 PMRC (Australia) Inc
 Po Valley Energy Limited
 Port Jackson Partners Limited
 Virage Pty Ltd


    Dr Pirola has an indirect interest in the Company through  Beronia Investments Pty Ltd and Beronia FS Pty Ltd, in which he has a
beneficial interest  and, which in turn hold 9,397,000 shares of the Company representing 7.94% of the issued share capital of Caspian. In
addition, Dr Pirola is interested in 3,700,000 options over ordinary shares in the Company as follows:

    Stock Options Held        Option Exercise Price            Expiry Date
    2,500,000                        �0.04                                     31 December 2010
    1,250,000                        �0.03                                     31 December 2010


    There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

    With the appointment of Dr Pirola, Dietmar Greil who joined the Board in 2003 prior to listing will retire. The Board wishes to thank Mr
Greil who was a founding Director of the Company. Mr Greil, a founding Director of the Company and Chief Operating Officer was responsible
for building Caspian's operations in Kazakhstan and initiating a number of important new ventures for the Company. Mr Greil remains a
substantial shareholder of the Company with 10,000,000 shares of the Company representing 8.45% of the issued share capital of Caspian. We
would like to thank Dietmar for his enormous contribution to the Company. We wish Mr Greil success in his new business endeavours.

    -Ends-

    Enquiries:

 Caspian Holdings Plc    Grant Thornton UK LLP    Hoodless Brennan 
 Michael Masterman       Fiona Owen               Luke Cairns
 T: +44 (0) 7791 288381  T: +44 (0) 20 7383 5100  T: +44 (0) 20 7538 1166
 www.caspianoil.co.uk 




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