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Correction: Appointment of New Director

Tuesday 20th September 2011 at 12:24 GMT

This announcement corrects certain information contained within the announcement made by the Company at 7.00am on 19 September 2011. The announcement stated that Mr. Baldwin was a corporate broker while at Investec. The announcement should state that Mr. Baldwin was an institutional salesman whilst at Investec. A revised summary of Mr. Baldwin's current and past directorships is detailed below. The corrected announcement follows:

ALPHA PROSPECTS PLC
("Alpha" or the "Company")

Correction: Appointment of New Director and Change of Registered Address

The Board of Alpha Prospects announces the appointment of Timothy (`Tim') Edward Baldwin to the Board of the Company with immediate effect.

Tim is currently a Chairman of TXO Plc, an AIM listed investment vehicle, Executive Chairman of RAM Active Media Plc, an AIM listed broadcasting and entertainment company and the Executive Chairman of Hill Street Investments plc, an unlisted investment vehicle. Tim has extensive knowledge of the oil and gas and mining sectors having been involved in the due diligence and marketing of many quoted mining companies. By training, Tim is an investment analyst and has worked in the City with Canaccord Capital and Investec as an institutional salesman.

RAM Active Media Plc holds a 2.54% stake in Alpha. Hill Street Investments plc, owns a 25.197% stake in the Company. Alpha currently holds a 3.5% stake in Hill Street Investments plc.

Tim Baldwin holds 1,250,000 shares in Alpha, through his private pension fund, representing 0.927% of the issued share capital. Overall, Mr. Baldwin is directly and indirectly interested in 29.9% of Alpha.

In addition to that of the Company Mr. Baldwin holds or has held the following directorships or has been a partner in the following partnerships within the five year period prior to this announcement:

CURRENT PAST
RAM Active Media Plc The World UFO Company
TrainFX Limited Saddleback Corporation Limited
RAM Vision Limited Finance Centre Limited
Hill Street Investments Plc Anglo European Bank Limited
Equity for Growth Limited Anglo European Equities Limited
East African Oil Company Limited Anglo Spare Co Limited
Equity for Growth (Securities) Limited Financial Business Information Network Limited
IM Minerals Limited Manzanillo Limited
Silk Road Minerals Limited Coal for Growth Limited
Silk Route Resources Limited Artificial Intelligence Group Limited
Silk Road Oil & Gas Ltd Artificial Intelligent Limited
TEB Investments Limited SCIN Distribution Limited
New Planet Investments Limited World Artificial Intelligence Limited
TXO Plc The Carbon Advisory Limited
CBIN Limited Finmore Limited
  East African Minerals Limited
  Soment Ltd
  Pathfinder Minerals Plc
  RAM Techvision Limited
  Ora Therapy Ltd

 

Tim Baldwin is a director of Equity for Growth (Securities) Limited ("EFGS") which went into administration on 24 March 2009. A company voluntary arrangement was agreed with creditors on 10 March 2011 and the company came out of administration on 21 March 2011.

The Company would also like to announce that its registered address has changed to:

2nd Floor
30 Clarendon Road
Watford
WD17 1JJ

The Directors of the Company accept responsibility for the announcement.

Enquiries:

ALPHA PROSPECTS PLC Christopher Foster +44 203 176 3031
RIVINGTON STREET CORPORATE FINANCE Eran Zucker +44 207 562 3373