EQS Equity Special

    For immediate release: 31 July 2008, 7am

                       Equity Special Situations Limited                       

                           ("ESS" or the "Company")                            

                               Change of Adviser                               

Equity Special Situations Limited (AIM: EQS) announces the appointment, with
immediate effect, of Evolution Securities Limited as NOMAD and corporate broker
to the Company.

                                    -Ends-                                     

About Equity Special Situations Ltd

Equity Special Situations Limited is a Guernsey registered investment company
that was admitted to AIM in August 2004. Its investment strategy is to purchase
and hold significant stakes in companies and investment funds and then to
assist management in company growth. Its current focus is on the EU financial
services sector.

Further information:

Equity Special Situations Ltd

Peter Griffin +44 (0)1481 751000

Evolution Securities Limited

Jeremy Ellis +44 (0) 20 7071 4300

GTH Communications

Toby Hall/Christian Pickel +44 (0)20 7153 8039



END

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