Carpathian plc announced that following the completion of the EGM held on March 8, 2013, Rory Macnamara, Rupert Cottrell, Philip Scales and Tim Walker have resigned from the board and Nicholas Nelson and Nicholas Woolard have been appointed as directors of the company with immediate effect. Philip Scales will remain Company Secretary however. Nicholas Christian Paul Nelson (Non-executive Chairman) is a senior employee at Cubitt Consulting and has worked in corporate communications for ten years, prior to which he spent his early career in market making, stockbroking and investment management.

He has a close working knowledge of the stock market and has assisted on several AIM flotations. He has held directorships with a number of quoted companies, the most recent company being dotDigital Group Plc from which he resigned in January 2012. Nicholas is Chairman of Rare Minerals plc Nicholas James Woolard (Non Executive Director) is a finance industry professional with broad offshore experience focused latterly on compliance, having been a Group Compliance Officer for four years in CSP/TSP, fund administration, fund management and stockbroking businesses before being appointed to various non-executive positions. Currently Mr. Woolard is a non-executive director of five companies; two public and three private. He became a member of the panel of Adjudicators to the Financial Services Ombudsman Scheme (of the Isle of Man) in March 2012.