Txo Regulatory News (TXO)

FOR 7AM RELEASE                                                                                                            18 May 2012

TXO PLC

("TXO" or the "Company")

TXO PLC: ADDITIONAL INVESTMENT INTO

GRAND BAHAMA GROUP LIMITED

Further to the announcement on 13 April, the board of TXO Plc ("TXO" or "the Company"), the AIM-quoted investment company focused on the energy resource and clean technology sectors, is pleased to announce it has made an unsecured loan of £49,000 to the Grand Bahama Group Limited ("GBG" or "the Group").  This takes TXO's total retained investment in GBG to £961,500.

The loan provided will help with short term working capital for the GBG's marine services business, based in the strategic port of Freeport, Grand Bahamas.  GBG will initially trade by providing ships with BP Castrol branded marine lubricants directly through its exclusive distributor agreement and offloading ships waste oils and oily sludge for limited physical processing of these materials and for their disposal.

The Loan is for repayment 1 month from the date of drawdown and is subject to interest at the rate of 10 per cent per annum, payable at the end of the term to TXO.

TXO holds 183 ordinary shares in GBG, representing approximately 18.3% of the issued share capital of GBG.

Tim Baldwin, Chairman of TXO commented, "The board is pleased with the progress made by GBG on the development of their commercial plans in the Bahamas and considers the further investment into GBG to be in TXO's shareholders' interests.  Further announcements on the development of the port facility will be made as they occur."

For further information, please contact:

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