GlobalCapital plc announced that resignation of Mr. Arun Shankardass and Mr. Oumeshing Sookdawoor have tendered their resignation from the office of Director of the Company with effect from 17th April 2015. Mr. Shankardass will also be stepping down as Chairman of the Audit Committee of the Company and as Chairman of GlobalCapital Life Insurance Limited. Mr. Sookdawoor is also stepping from the post of director on the Company's subsidiaries, GlobalCapital Life Insurance Limited and GlobalCapital Health Insurance Agency Limited.

The Board of Directors has accepted Mr. Shankardass's and Mr. Sookdawoor's resignation.