FRANKFURT, Germany, September 19 /PRNewswire/ --     MCC Global N.V.(Frankfurt: IFQ2), the global private equity
investment and advisory company, announced today that, subject to definitive
documentation, it has reached an agreement in principle with Elliott
Advisors, L.P., a holder of long-term investment notes issued by the Company
in the principal amount of $15.1 million, to extend the maturities of these
notes to 29 February 2009. The extension of the maturity dates and associated
conditions is in lieu of refinancing which was previously announced by the
Company on 2 July 2007.

As part of the process, MCC Global will also change the makeup
of its balance sheet, looking to realize certain of its European and US
portfolio holdings in the coming months. The proceeds of such realizations
are intended to be used to retire liabilities to Elliott and other
debtholders of the Company.

The extension of the investment note maturities is subject to
definitive documentation and certain conditions which are expected to be
agreed in the coming days.

Anthony Moore, Chairman of the Company's Supervisory Board,
commented, "We welcome the agreement with Elliott as an important step to
addressing the terms of our investment debt and the overall gearing of our
balance sheet. The monetization of some of our portfolio holdings is a
fundamental part of our historical business. Retiring these debts will allow
MCC Global to move forward with more flexibility for future growth."

This press release may contain certain forward-looking
statements regarding future circumstances. These forward-looking statements
are based upon current expectations and assumptions of MCC Global N.V. and
are subject to various risks and uncertainties that could cause actual
results to differ materially from those contemplated in such forward-looking
statements including, in particular, the risks and uncertainties described in
the Company's filings with the Securities and Exchange Commission. Actual
results, events, and performance may differ. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as
to the date hereof. The Company undertakes no obligation to release publicly
any revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this release does not
constitute an admission by the Company or any other person that the events or
circumstances described in such statements are material.

Enquiries:
    
    MCC Global
    Dana Smith
    ir@mccglobal.com