Caledon announced that it has appointed David Spencer Treadwell as a Non-executive Director of the Company with immediate effect. 

Mr Treadwell, age 41, is currently a Partner in Treadwell Partners LLP and has been closely involved with Caledon for a number of years. He was a founding Partner, in 2000, of Cheyne Capital Management (UK) LLP, which was a lead and long-term investor in the Company's issue of Convertible Loan Notes in 2007. He previously spent 6 years at Morgan Stanley as a Portfolio Manager within its Private Client Services Division. 

David Treadwell left Cheyne in 2009 to establish Treadwell Partners, which provides services to corporates, brokerages and high net worth individuals. He is also a Director of Lexantha Capital Limited. 

David Treadwell holds 115,000 of the Company's Ordinary Shares of 0.5p each ("Caledon Shares"), representing 0.05 per cent of the Company's issued share capital. A further 500,000 Caledon Shares (representing 0.22 per cent of the Company's issued share capital) and GBP250,000 nominal of the Company's 8.5% Convertible Loan Notes due 2013 are owned by trusts under which David Treadwell and his family can benefit.

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