Dci Advisors Regulatory News (DCI)

Dolphin Capital Investors Limited

PASSING OF WRITTEN RESOLUTION

5 June 2015

Dolphin Capital Investors Limited ("DCI" or the "Company") is pleased to announce that the Written Resolution set out in the Company's placing announcement dated 3 June 2015 (the "Placing") was duly passed.

Further to its 4 June 2015 announcement detailing the results of the Placing and Conversion, Dolphin has issued 219,256,609 Shares in respect of the Placing, conditional now only on admission to trading on AIM, expected to occur on or around 9 June 2015.

In addition, it will issue a further 42,930,080 Shares, conditional on receiving conversion notices in respect of the 2016 Convertible Bonds owned by Fortress, Echelon and Dolphin Capital Partners Limited which are expected on or around 8 June 2015 and will seek admission to trading on AIM of the 42,930,080 Bond Conversion Shares, which is expected to occur on or around 10 June 2015.

For further information please contact:

All capitalised terms used in this announcement are, unless otherwise defined herein, defined in Appendix 9 to the Placing announcement made on 3 June 2015.

IMPORTANT NOTICE

This announcement does not constitute an offer to sell or the solicitation of an offer to purchase any securities in any jurisdiction in which such offer or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. In particular, the information contained herein is not for publication or distribution, directly or indirectly, in or into Australia, Canada, New Zealand or the United States. The Company's securities have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.

The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law, and, therefore, persons into whose possession this announcement comes should inform themselves about and observe any such restrictions.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

Liberum and Panmure Gordon, who are regulated in the United Kingdom by the Financial Conduct Authority, are acting solely for the Company and no one else in connection with the Placing and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to respective clients of Liberum and Panmure Gordon nor for providing advice in connection with the Placing or any other matter referred to in this announcement.

This announcement has been issued by, and is the sole responsibility of, the Company. Apart from the responsibilities and liabilities, if any, which may be imposed on Liberum and Panmure Gordon under FSMA or the regulatory regime established thereunder, none of Liberum or Panmure Gordon accepts any responsibility or liability whatsoever and makes no representation or warranty, express or implied, in relation to the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by them, or on their behalf, in connection with the Company or the Placing. Liberum and Panmure Gordon accordingly disclaim, to the fullest extent permitted by law, all and any responsibility and liability, whether arising in tort, contract or otherwise, which they might otherwise be found to have in respect of this announcement or any such statement.