4 May 2010 09:59
4 May 2010
EIH Plc (the "Company" or "EIH")
Net Asset Value Update
The Board of EIH announces that the unaudited net asset value ("NAV") per share as at 31 December 2009 was US $0.9228.
William Knight, Chairman of EIH said "The Board are highly satisfied with the Company's strong performance and today's announced NAV per share represents a 20.2% increase over and above the announced unaudited NAV per share as at 30 June 2009."
Notes:
The NAV per share has been calculated on the basis of information provided to the Company by Evolvence India Advisers Inc. ("EIA") in accordance with a letter of engagement between the Company and EIA dated 23 March 2010.
For a sample of 10 investments identified by EIH / EIA out of Evolvence India Fund's portfolio of over 100 investments, PricewaterhouseCoopers Pvt Ltd ("PwCPL"),a company registered in India has carried out an independent desktop review of the valuation carried out by EIA, including checking that the methodology adopted for the sample is in line with the framework for valuation developed and agreed between EIH and EIA.
Contacts:
EIH Plc
William Knight + 44 (0)20 7221 3900
Seymour Pierce (Nominated Adviser and Joint Broker)
Nandita Sahgal, Director + 44 (0)20 7107 8000
Singer Capital Markets Limited (Joint Broker)
Jos Trusted +44 (0)20 3205 7500