Douglasbay Capital (DBAY) – Major Shareholder Notification

DouglasBay Capital plc
(the ‘Company’)
Major Shareholder Notification

DouglasBay Capital plc (AIM:DBAY.LN) announces that, on 1 February 2010, Laxey Partners Ltd (‘Laxey Partners’) acquired 5,500,000 ordinary shares of 5 pence each in the Company ('Ordinary Shares') at a price of 6.1 pence per Ordinary Share.

Prior to this dealing Laxey Partners and the funds managed by Laxey Partners, held 1,241,522,149 Ordinary Shares, 92.80% of the total issued share capital of the Company. Following this dealing Laxey Partners, together with funds managed by Laxey Partners, hold 1,247,022,149 Ordinary Shares, 93.21% of the total issued share capital of the Company.

For more information, please contact:

DouglasBay Capital plc 01624 690 900

Alex Paiusco, Chief Executive

KBC Peel Hunt Ltd, Nominated Adviser and Broker 020 7418 8900

Guy Wiehahn or Oliver Stratton