RNS Number:6177N
Chelsea Village PLC
16 July 2003


                              Chelsea Village plc

                                ("the Company")

                                 Re Directorate

Further to the announcement on 8 July 2003 of the appointment of Eugene
Tenenbaum (38), Richard Jonathan Creitzman (32) and Engene Shvidler (39) as 
directors of the Company, the Company announces that:

(a) Mr Tenenbaum is a director of Millhouse Capital UK Limited; and

        (a) Mr Shvidler is a director of OAO Sibneft and OAO Russkiy Aluminiy
        and was formerly a director of OAO ONAKO.

There are no other matters to be disclosed pursuant to Schedule 2 paragraph (f)
of the AIM Rules in respect of the appointments.


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