South African Property Opportunities Regulatory News (SAPO)

2 May 2007 17:32

Principle Capital Holdings S.A.02 May 2007 PRINCIPLE CAPITAL HOLDINGS S.A. ("Principle Capital") FURTHER FUND RAISING - PRINCIPLE CAPITAL INVESTMENT TRUST PLC The Board of Principle Capital is pleased to note the announcement made today byPrinciple Capital Investment Trust plc ("PCIT") (Ticker: PCIT), regarding aplacing of 8,379,000 new ordinary shares in PCIT which will be issued at a priceof 123.8776p per new share in cash to clients of E.I.M. SA, a Swiss managementcompany of a fund of funds. The new shares will be issued at a premium to the last published unaudited netasset value of PCIT, being 121.40p as at 27 April 2007. The net proceeds of theissue to PCIT will be approximately £10.2m. As at 27 April 2007, PCIT had unaudited net assets of approximately £101.7million. Pro forma net assets of PCIT, following the issue of the new shares,will be approximately £111.9 million. Dealings in the new PCIT shares areexpected to commence on 3 May 2007. Following this placing and the placing by South African Property Opportunitiesplc announced on 1 May 2007, Principle Capital is pleased to report funds undermanagement on a pro forma basis standing at approximately £190m ($390m). For further information, please contact: Zoe BiddickBiddicks Tel no. +44 207 448 1000 Principle CapitalJames Peggie/David Cooley +44 20 7240 3222 Numis Securities LimitedStuart Skinner +44 20 7260 1000 This information is provided by RNS The company news service from the London Stock Exchange