European Convergence Develop. CoPLC

23 January 2014

EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC
("ECDC" OR "THE COMPANY")

Significant Shareholding

The Company was notified on 21st January 2014, that, as at 10 January 2014, Sacisa Limited via HALB Nominees Limited purchased 7,441,320 of the Ordinary Shares in the Company at the price of €0.0535 per share and as a result now holds 8,941,320 Ordinary Shares in the Company (10%) and is therefore considered to be a significant shareholder in the Company for the purposes of the AIM Rules.

For further information please contact:

European Convergence Development Company plc

+44 (0)1624 640200

Anderson Whamond




Charlemagne Capital

+44 (0)207 518 2100

Varda Lotan




Galileo Fund Services Limited

+44 (0)1624 692600

Ian Dungate, Company Secretary




Panmure Gordon & Co. Limited

+44 (0)20 7886 2500

Hugh Morgan


Grishma Patel




Smithfield Consultants

+44 (0)20 7360 4900

Ged Brumby


Henry Wallers


Website: www.europeanconvergencedevelopment.com


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