MDY Healthcare plc

Result of AGM

Board Changes

25 March 2010: MDY Healthcare plc ("MDY Healthcare" or the "Company"), the strategic investor in healthcare companies, announces that at the AGM held earlier today, those resolutions that were proposed at the meeting were duly passed.  Resolutions 2, 6 and 7 were withdrawn.

Following a review of corporate governance, it has been decided that in line with other investment companies, the Board should only comprise of non-executive directors. As such, the Company has today accepted the resignation of David Wong, Executive Director, with immediate effect.  The Company intends to make further changes to the Board and will announce new appointees and a new board structure as soon as is practicable.

In June, the Company will be announcing its interim results for the six months ending 31 March 2010 and will update shareholders further at that time.

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Notes for editors:

About MDY Healthcare

MDY Healthcare plc is a sector specialised strategic investing company quoted on AIM (ticker symbol: MDY).  The Company seeks to achieve superior returns for shareholders by investing globally in companies, both public and private, across the healthcare sector.  The directors and executives have significant operational and investment experience in the sector and therefore the ability to identify and review a wide range of potential investments.  Further information can be found on the website www.mdyhealthcare.com. 

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