8 Oct 2008 11:14
TAU CAPITAL PLC
NET ASSET VALUE
The Board is pleased to advise that, following consultation with the Investment Manager, the estimated Net Asset Value ("NAV") as at close of business on 30 September 2008 is $0.69 per share.
Philip Lambert, Chairman of Tau Capital, commented:
"Whilst the Board would not normally make short term comparisons, September has seen extraordinary volatility in the Kazakh market leading to a decline of 28.6% in the Kazakhstan Stock Exchange Index (KASE) during the month. The decline of 13.8% in the Company's NAV during September should be viewed in that context."
--ENDS--
Further information, please contact:
IOMA Fund & Investment Management Ltd Cynthia Edwards | Tel: +44 (0) 1624 681381 |
Numis Securities Ltd Nominated Adviser: Nick Westlake / Brent Nabbs Corporate Broking: Alex Ham | Tel: +44 (0) 20 7260 1000 |