LCP Lon.Asia China

RNS Number:7638A
London Asia Chinese Private Equity
24 July 2007


For immediate release: 24 July 2007




                 London Asia Chinese Private Equity Fund Limited
                                 ("the Fund")

                                Board Changes


LACPEF, the China focused investment fund, announces the appointment of Robert
Smith Leighton, aged 65, as Non-Executive Chairman, of the Fund.  He will
replace, with effect from today, John Manser, current Non-Executive Chairman.
Christopher Hill, a non executive director is also stepping down from the Board.



Mr Leighton joins LACPEF with over 34 years finance and investment experience He
is the Chairman of Nymex Europe Ltd, the European arm of the commodity futures
exchange.  Previously he was UK Chairman for Calyon (formerly Credit Lyonnais)
as well as Chairman of their European Advisory Board, where he was responsible
for high level client relationships and regulatory/public policy affairs.
Having been active in the banking and finance sector in China for over 20 years,
Mr Leighton has developed significant expertise in oil, gas, metals and
desalination sectors in Asia, as well as the Middle East, Latin America and the
former Soviet Union.



An active member of the CFTC's Global Advisory Committee in Washington, Mr
Leighton also holds a number of non-executive posts, including being Senior
Independent Director of EDX (European Derivatives Exchange); Chairman of
Financial Services Practitioner Panel; Past Chairman Futures & Options
Association (FOA).  He has also been Chairman of the World Bank's International
Task Force for Commodities.



Simon Littlewood, Director of the Fund, said: " We are delighted to welcome Mr
Leighton to our Board.  As the Fund moves from a period of investment to one of
realisation and re-financing, Robert's contacts, experience and knowledge of
China's industry and financial services sector strengthens our ability to
re-finance and exit our deals in both China and Hong Kong."



He added:  "The Board would like to take this opportunity to express their
thanks to Mr Manser and Mr Hill for their considerable contribution to the Fund
since its launch in March 2006.  They have helped guide the Fund through a
period of rapid investment, in a regulatory and market environment that has
changed considerably since the launch of the Fund.  We wish them both all the
best for future."







For further information please visit www.londonasiafunds.com  or contact:


John West/Andrew Dunn         Cecilia Wong                    Hugh Field
Tavistock Communications      LACPE Fund                      Collins Stewart Europe Limited
Tel: 020 7920 3150            Tel +852 2251 8373              Tel: 020 7523 8350
                              cecilia.wong@londonasia.com



Robert Leighton's current directorships include: Charterhouse Communications
Plc; Dubai Mercantile Exchange; EDX Limited; Financial Services Skills Council;
FOA Limited; and International Claims Management Limited.  The Directorships
held in the last five years by Robert Leighton were: Credit Lyonnais ; Credit
Lyonnais Rouse Ltd; Internet Security Plc; Nymex Europe Limited; and Nymex
Europe Holdings Limited.



As former Non-Executive Chairman of Internet Security Plc, which on 8 May 2001,
Robert Leighton was placed into administration on the basis that the company was
or was likely to become unable to pay its debts.  Following the implementation
of a creditors voluntary arrangement, Internet Security Plc was dissolved on 23
December 2003.



There are no further disclosures to be made regarding Mr Leighton in accordance
with the AIM Rules.




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

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