Further to the announcement on 8 December 2009 in relation to the proposed Capital Reorganisation, the Subscription, the waiver of Rule 9 of the Code, the adoption of the new investing policy, the adoption of the New Articles and the change of name of the Company to Deo Petroleum plc, the Directors are pleased to announce that at the annual general meeting and the general meeting of the Company held earlier today, all resolutions were duly passed. Microcap had entered into the Subscription Agreement pursuant to which the Investors had conditionally agreed to subscribe for 307,693,000 New Ordinary Shares at the Subscription Price, raising approximately £200,000 before expenses for the benefit of the Company. The passing of the resolutions at today's general meeting represents satisfaction of the penultimate condition of the Subscription, with the only remaining unsatisfied condition being the admission of such shares to trading on AIM.

Trading in the Enlarged Issued Share Capital as Deo Petroleum plc (Ticker: DEO) is expected to commence at 8.00 a.m. on Thursday, 31 December 2009. The new ISIN on Admission will be GB00B42T1X27. To reflect the Company's change of name, the Company's website for AIM Rule 26 purposes will be www.deopetroleum.co.uk. Following Admission, the Company will have in issue 330,681,200 ordinary voting shares of 0.01p each. Pursuant to the requirements of the FSA's Disclosure and Transparency Rules, this is the total number of voting rights in respect of each class of share in issue and admitted to trading on AIM at the date of this announcement. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FSA's Disclosure and Transparency Rules.

In addition, Microcap is pleased to confirm the appointment of Kevin Burke as executive chairman and the appointment of David Marshall as chief executive officer of the Company with immediate effect. Further details as required under Schedule 2, paragraph (g) of the AIM Rules for Companies are disclosed below.

As a result of the Subscription, Mr Burke and Mr Marshall will hold an interest in 205,129,000 New Ordinary Shares and 102,564,000 New Ordinary Shares, equivalent to 62.03 per cent. and 31.02 per cent., respectively. Terms defined in the circular to shareholders dated 8 December 2009 have the same meaning in this announcement.

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