Mercantile Investment Company Limited announced that Mr. Daniel Weiss has been appointed as a non-executive director of the company effective immediately. Daniel is the investment manager at Ariadne Australia Ltd. Prior to joining Ariadne in 2007, he worked in private equity and fund management in the United Kingdom. In a further development, Dr. Gary Weiss is retiring as a director of the Company with immediate effect but with the approval of the other Directors, has been appointed by Daniel to act as his alternate director at any meeting of directors at which Daniel is not available to participate.