DF Capital announces that following discussions with the Company's major shareholder, John Baines, Non-executive Chairman, has decided to not stand for re-election at the Company's Annual General Meeting ("AGM") and resigns from his position as Non-executive Chairman and Director of the Group with immediate effect. John will complete a short period of handover to Mark Stephens, currently Senior Independent Director, who has been appointed Interim Non-Executive Chairman. The Company has commenced the search for a replacement Non-Executive Chairman and a further announcement will be made as appropriate.