SPPC.L Regulatory News (SPPC)

5 Nov 2008 07:00



St Peter Port Capital Limited ("the Company")

Net Asset Value 

The net assets of the Company as at 30 September 2008 were £79.2m, giving a net asset value per share of 105.6 pence, an increase of 2.1 per cent from the net asset value as at 30 June 2008. 

New Investment - Nusantara Energy PLC

In September 2008 the Company invested £2.25m in an unquoted company, Nusantara Energy PLC ("Nusantara").  Nusantara is developing a large deposit (at least 300m tonnes) of thermal coal in Sumatra, Indonesia and seeking to acquire further coal interests in Sumatra.  Following an extensive drilling programme, Nusantara has identified the potential resource as high quality coal in thick seams very close to the surface.  The location of this coal makes it ideal to supply the market for coal-fired power generation in South East Asia, where demand is strong.  Nusantara is currently in discussions which may lead to a sale of the company itself or its interests.

Interim Results for the Six Months Ended 30 September 2008

The Company expects to release its interim results for the six months ended 30 September 2008 by the end of November.

For further information: 

St Peter Port Capital Limited

Peter Griffin - 01481 751000

St Peter Port Investment Management Limited 

Tim Childs - 020 7877 5064 / Graham Shore - 020 7408 4090 

Deloitte & Touche LLP - Nominated Adviser 

Jonathan Hinton / James Lewis - 020 7936 3000 

Shore Capital Stockbrokers Limited - Broker

Dru Danford - 020 7408 4090