TAU.L Regulatory News (TAU)

 TAU CAPITAL PLC

Result of Annual General Meeting and Appointment of Directors

Tau Capital Plc ("the Company") is pleased to announce that at its Annual General Meeting ("AGM") all resolutions were passed.

Mr Terence Mahony and Mr Nicholas Paris have been appointed as non-executive directors of the Company.

The Board will progress the implementation of the remaining resolutions and further announcements will be made in due course.

As detailed in the Circular to Shareholders the Directors are proposing that an orderly divestment of the Fund's investments be undertaken in the following manner and over the following periods:

• no new investments in Private Equity investments (as defined in the Company's

admission document dated 3 May 2007) will be made from the date of the meeting;

• no new investments in Public Equities (as defined in the Company's admission

document dated 3 May 2007) will be made by the Manager on behalf of the Fund

from the date of the meeting without the prior approval of the Board;

• the liquid part of the portfolio of Public Equities (as defined in the Company's

admission document dated 3 May 2007) to be sold within a period of three months;

• the remainder of the portfolio of Public Equities to be sold within a period of three

to six months; and

• the portfolio of Private Equity investments to be sold within a period of 12 to 24

months,

with the periods relating to sales of investments to start as from the date that a new

investment manager is appointed and with the Board having the discretion to extend any such period as appropriate in respect of any specific investment.

As interests in the Public Equities and Private Equity portfolio are divested, the Directors intend to return the resulting cash to shareholders. This will allow for an orderly disposal of the Company's investments and minimise the potential impact that the Company's exit from such securities could have on their price.

The current portfolio now consists of 49.9% of public equity, 27.1% private equity and 23.0% cash. This includes the proceeds from the recent sale of Alem Communications Holdings as announced on 2 May 2012.

Mr Mahony is a recognised leader in emerging markets investing, with an extensive global financial career spanning over 40 years. Mr Mahony first worked with the Bank of London and South America in London and Zurich, followed by broking positions at White Weld and Paine Webber. Mr Mahony's fund management experience began in Boston with the Baring Puma Latin American fund which he launched in 1991 for Barings as Director and CIO for Latin America. After Barings, he returned to Hong Kong in 1993 as the first CIO of HSBC's new Global Emerging Markets strategy. At HSBC he launched HSBC's first Global Emerging Markets Fund. From 1996 to 1999 he was Managing Director for Emerging Markets Equities, CIO of Global Emerging Markets Equity strategy and President of Trust Company of the West (TCW) Asia Limited. From 2000 to 2008, he was a director and member of the investment committee of Investment Manager Selection (IMS) Limited in London. In 2008, as a member of the Board, he was asked to fill in as interim CIO for Indochina Capital. Mr Mahony is Chairman of VinaCapital, the largest asset management company in Vietnam with 3 closed ended funds listed on AIM. In addition he serves on the boards of various investment funds as a non-executive director, namely: Advance Developing Markets Fund Ltd, Pacific Assets Trust plc, Impax Asian Environmental Markets plc, LIM Asia Special Situations Fund, CITIC Capital Investment Management, Polunin Capital EM Active Fund, Caddis Emerging Markets and Vietnam Azalea Fund Ltd. Mr Mahony is resident in Hong Kong.

Mr Terence Francis Mahony (aged 70) has the following directorships and past directorships (within the last five years):

Current directorships

Advance Developing Markets Fund Limited (Guernsey)

Pacific Assets Trust plc (London)

Impax Asian Environmental Markets plc (London)

Vina Capital Group (BVI) (Chairman)

Lim Asia Special Situations Fund (BVI)

CITIC Capital Investment Management (Cayman)

Polunin Capital EM Active Fund (Cayman)

Caddis Emerging Markets (Cayman)

Vietnam Azalea Fund Limited (Cayman)

Past directorships

JOHIM Global Fund

Ranhill Berhad

Mr Mahony beneficially owns 513,00 shares in Tau Capital Plc representing 0.23% of the issued share capital.

Mr Paris is a Managing Partner of Purbeck Advisers LLP and he leads the

Investment Advisory and Distribution and Marketing team. He has extensive

experience in launching and marketing specialist funds to professional investors

worldwide. Prior to founding Purbeck Advisers, Mr Paris was Global Head of

Hedge Fund Sales at American Express Alternative Asset Management (US$1bn

managed in Single Strategy Hedge Funds) and he was also the Head of Marketing

at Coronation International in London (US$1.2bn managed in Funds of Hedge

Funds). Prior to these roles, Mr Paris had extensive experience in corporate

finance advice on the new issue of closed end Country Funds and Specialist

Investment Trusts. Mr Paris is a Chartered Alternative Investment Analyst, a Fellow of the Institute of Chartered Accountants in England and Wales (FCA) and a Fellow of the Chartered Institute for Securities and Investment in the UK (FCSI). Additionally, Mr Paris is an Authorised Representative approved by the Financial Services Authority in the UK. Mr Paris is resident in the UK.

Mr Nicholas John Paris (aged 51) has the following directorships and past directorships (within the last five years):

Current directorships

Brewery Mews Residents Management Limited

In and Out Limited

Privium Fund Management (UK) Limited

Purbeck Capital Limited

Current partnership

Purbeck Advisers LLP

Past directorships

Riversource Distributors Limited

The India I.T. Fund Limited (Guernsey)

There is no further information to be declared under paragraph (g) of Schedule Two of the AIM Rules.

--ENDS--

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