Braveheart Investments Regulatory News (BRH)

14 August 2013

WhiteRock Capital Partners update

Braveheart Investment Group plc (the 'Group' or the 'Company') (BRH), the AIM-listed investment management group providing debt/equity and advisory services to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices, and public sector organisations, is pleased to announce that the £50 million Northern Ireland Growth Loan Fund ('GLF', 'Growth Loan Fund') has, to date, approved 40 loans, totalling more than £10 million.

WhiteRock Capital Partners LLP, which provides mezzanine finance to established Northern Ireland SMEs seeking access to growth finance, was established in 2012 by the Group, and consortium partners Clarendon Fund Managers Ltd and NEL Fund Managers Ltd, to manage the Growth Loan Fund.

Some of the larger loans include £500,000 to MSO Cleland, an East Belfast-based designer and manufacturer of printed carton packaging; and £500,000 to Domestic Sheepskins, a Co Armagh company providing treated skins and hides for use in fashion, accessories and upholstery.

WhiteRock Capital Partners was recognised for its achievements at the Northern Ireland Insider Media Dealmakers Award in April 2013 with the award for Private Equity Firm of the Year.

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive Tel: 01738 587555

gthomson@braveheartgroup.co.uk

Sanlam Securities UK Limited (Nominated Advisor and Broker to Braveheart)

Lindsay Mair Tel: 020 7628 2200

Catherine Miles

WhiteRock Capital Partners LLP

Paul Millar Tel: 028 9500 1060

paulmillar@whiterockcp.co.uk

Media Enquiries:

Allerton Communications

Peter Curtain Tel: 020 3137 2500

peter.curtain@allertoncomms.co.uk

Notes to Editors

Braveheart Investment Group plc

Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows:

For the company looking to raise money, we provide:

· Equity Capital. This form of financing is typically long term and is usually appropriate for fast growing business or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum of £2m although we are happy to participate in larger financings as part of a syndicate;

· Debt Finance. Short to medium term and for companies with cash flow to service the loan. Out unit size for this type of finance is up to £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument;

· Corporate finance advice on all aspects of raising money, strategic development and corporate governance.

The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.

To the investor, we provide a one-stop shop service to those in one of the following groups who are looking for exposure to SME investments:

· High net worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;

· Family offices and private sector institutions;

· The Public sector.

Investors can choose between investment types ranging from self-build portfolios, to a full fund management service.

www.braveheartgroup.co.uk

WhiteRock Capital Partners LLP

WhiteRock Capital Partners LLP was established in 2012 by Braveheart Investment Group and consortium partners NEL Fund Managers and Clarendon Fund Managers to manage the Northern Ireland Growth Loan Fund.

The Growth Loan Fund provides loans, primarily unsecured in nature, of between £50,000 and £500,000 to Small and Medium Enterprises (SMEs). Loans are made to businesses that can demonstrate sales and profitability growth or growth potential. The Fund targets businesses with export potential, active mainly in the manufacturing, engineering or tradable services sectors.

The Fund is run on a fully commercial basis. Finance for the Fund has been provided by Invest NI (£25m) with additional finance provided by the private sector.

www.whiterockcp.co.uk

Growth Loan Fund

Finance for the £50m Growth Loan Fund - which provides mezzanine finance to established Northern Ireland SMEs seeking access to growth finance - has been provided by Invest Northern Ireland and private investor, Northern Ireland Local Government Officer's Superannuation Committee (NILGOSC). WhiteRock Capital Partners LLP has been established to respond to enquiries to the Fund by the consortium of three partners - Strathtay Ventures Limited, a wholly owned subsidiary of Braveheart Investment Group; NEL Fund Managers; and Clarendon Fund Managers; all of which are authorised and regulated by the FCA. Companies seeking funding from the Growth Loan Fund must be based in Northern Ireland, demonstrating growth potential and generally be in the manufacturing, engineering or tradable services sectors. Loan will be typically unsecured and personal guarantees will not be sought. The loans provided are expected to be complimentary to existing sources of finance, including banks, trade finance sources and equity investors. Loans are provided on a fully commercial basis, with monthly loan repayments required over typically a five-year term.