SPPC.L Regulatory News (SPPC)

1 May 2007 07:01

St Peter Port Capital Limited01 May 2007 For immediate release 1 May 2007 St Peter Port Capital Limited First pre-IPO investments St Peter Port Capital Limited ("the Company"), whose aim is to generate value byinvesting in growth companies immediately prior to an initial public offering ("IPO"), is pleased to announce that it has completed its first two pre-IPOinvestments: a £2.5 million subscription for convertible loan stock inContinental Petroleum Limited ("Continental Petroleum"); and a £2.5 millionsubscription for ordinary shares in TMO Renewables Limited ("TMO"). Continental Petroleum is establishing oil exploration, development andproduction operations in Russia and holds two oil exploration, development andproduction licences in Western Siberia covering an area of approximately 1,650km2. TMO is a world leader in novel ethanol fermentation technology which producesbio-ethanol from low-grade sugar by means of a new fermentation technique withsignificantly higher yields and lower investments, resulting in much lower coststhan current bio-ethanol production processes. The Company understands that both Continental Petroleum and TMO are planning tofloat within the next 12 months. Tim Childs, Chief Executive Officer of St Peter Port Capital Limited, said: "We are delighted to have made our first two pre-IPO investments and haveseveral exciting opportunities in the pipeline". For further information: St Peter Port Capital Limited Tim Childs - 07768 816777 / Graham Shore - 020 7468 4090 Citigate Dewe Rogerson Fiona Mulcahy / Sarah Gestetner - 020 7638 9571 Deloitte & Touche LLP Jonathan Hinton / James Lewis - 020 7936 3000 Shore Capital Stockbrockers Limited Dru Danford - 020 7408 4090 This information is provided by RNS The company news service from the London Stock Exchange