16 April 2010

Daniel Stewart Securities PLC

("Daniel Stewart" or "the Company")

LOAN CONVERSION

The Board of Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is pleased to announce that it has agreed that £100,000 of the £1 million two-year unsecured credit facility, which is provided primarily by FCI A.G. ("FCI Loan"), is to be converted into 5,000,000 new Ordinary Shares ("New Ordinary Shares") of 0.25p each ("Loan Conversion"). The New Ordinary Shares will be issued at a price of 2p per share.


This Loan Conversion is in addition to the loan conversion announced on 18 February 2010, whereby Daniel Stewart agreed to convert £250,000 of the FCI Loan into 12,500,000 Ordinary Shares. FCI A.G. have confirmed to the Company that following the Loan Conversion, it will be interested in 20,712,895 Ordinary Shares, representing approximately 5.05 per cent. of the enlarged issued share capital of the Company.


Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8.00 a.m. on 21 April 2010, The Loan Conversion increases Daniel Stewart's issued share capital from 405,329,566 to 410,329,566 and represents approximately 1.22 per cent. of the enlarged issued share capital of the Company. 

Further information:

Daniel Stewart Securities plc
Peter Shea, Chief Executive Officer       Tel: 020 7776 6550

Arbuthnot Securities Limited
Nick Tulloch                                            Tel: 020 7012 2158

Bishopsgate Communications
Nick Rome/Siobhra Murphy                   Tel: 020 7562 3366