TIDMMEQ 
 
12 May 2009 
 
                             Microcap Equities Plc 
 
                                (the "Company") 
 
                      Statement re: Share Price Movement 
 
The directors of the Company (the "Directors") note the recent movement in the 
Company's share price and the high volume of recent trades in the Company's 
shares. 
 
The Directors confirm that they are currently in negotiations with certain 
parties with respect to an equity investment in the Company. No guarantees can 
be made as to whether or not such negotiations will lead to a transaction being 
concluded. A further announcement will be made in due course. 
 
For enquiries: 
 
Microcap Equities Plc                                             020 7247 9691 
 
Nicolas Greenstone                                                020 8371 3071 
 
Rakesh Patel 
 
John East & Partners Limited                                      020 7628 2200 
 
Bidhi Bhoma 
 
 
 
END
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