2 October 2017

Adamas Finance Asia Limited

(AIM: ADAM)

("Adamas Finance Asia", "ADAM", the "Company" or the "Group")

APPOINTMENT OF DIRECTOR

The Directors of Adamas Finance Asia Ltd ("ADAM"), a London quoted Asian diversified investment vehicle, are pleased to announce the appointment of Dr. Lee George Lam as a Non-Executive Director with effect from 2 October 2017.

Dr. Lee George Lam is the Chairman of Hong Kong Cyberport Management Company Limited and the Non-Executive Chairman of Macquarie Bank's Infrastructure and Real Assets business in the Hong Kong and ASEAN region. He is also a member of the Hong Kong Special Administrative Region Government's Committee on Innovation, Technology and Re-Industrialization, the Hong Kong Council on Smoking and Health, the Council on Professional Conduct in Education (CPC), and the Court of the City University of Hong Kong. Currently, Dr. Lam serves as the Vice Chairman of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Business Advisory Council and Chairman of its Task Force on Banking and Finance. Furthermore, he is the Chairman of the Permanent Commission on Economic and Financial Issues for the World Union of Small and Medium Enterprises (WUSME).

Dr. Lam also maintains a keen interest in developing business links across the Asia-Pacific region. To this end, he is a Board member of the Chinese General Chamber of Commerce of Hong Kong, a Board member of the Australian Chamber of Commerce in Hong Kong and Macau, a founding Board member and the Honorary Treasurer of the Hong Kong-Vietnam Chamber of Commerce, Vice Chairman of the Hong Kong-Myanmar Chamber of Commerce, a founding member of the Hong Kong-Korea Business Council, and finally, a member of the Hong Kong-Thailand Business Council.

Dr. Lam is a Solicitor of the High Court of Hong Kong, a Fellow of the Hong Kong Institute of Arbitrators and the Hong Kong Institute of Directors, an Honorary Fellow of CPA Australia and a Fellow of CMA Australia.

John Croft, Chairman of ADAM, commented: "I have no doubt that Dr Lam will contribute hugely to the development of ADAM as his considerable experience will be of undoubted value to the Board. His contacts and experience in Asia are extensive and ADAM looks forward to working with Dr Lam as we pursue our new strategy to generate long-term income and capital growth for shareholders. We are delighted to have secured the appointment of Dr Lam."

Enquiries:

About Adamas Finance Asia ("ADAM")

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments.

ADAM aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes.

The Company's recently appointed investment manager Harmony Capital, which has a dedicated team with real Asian expertise, will focus on the strategy of creating income and capital growth as well as addressing the issues of the ongoing legacy portfolio.  Harmony is sourcing predominantly private opportunities and a strong pipeline already exists.  Income generating assets include investments in property, mining, pharmaceuticals, and telecoms across Asia.

APPENDIX

Dr. Lee George Lam, aged 58, is, or has been within the last five years, a director or partner of the following companies and partnerships:

Dr. Lam has confirmed that there is no further information to be disclosed in accordance with Schedule 2(g) fo the AIM Rules for Companies.