PEL.L Regulatory News (PEL)

 Marwyn Capital II Limited

("Marwyn Capital II" or the"Company")

Temporary Suspension

Further to the Schedule 1 released today, the Company announces that it is in advanced discussions in relation to a potential acquisition which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies. The Company intends to conduct a placing of new ordinary shares of 0. 1 pence each in the Company ("Ordinary Shares") in connection with the acquisition. As a result, the Company's Ordinary Shares will be suspended pending announcement of the transaction and publication of an admission document. The potential acquisition will be subject to a shareholder vote at a general meeting and admission of the new and existing Ordinary Shares is anticipated to take place on or around 22 December 2011.

Ends

For further information please contact:

Ivonne Cantu / Max Hartley