Trinity Capital Regulatory News (TRC)

13 Mar 2009 12:00



Trikona Trinity Capital PLC ('Trikona TC' or 'the Company')

AMENDMENT TO RECOMMENDED PROPOSALS FOR CHANGES TO THE COMPANY'S INVESTMENT POLICY, APPROVAL OF THE MARKET PURCHASE OF OWN SHARES AND NOTICE OF EXTRAORDINARY GENERAL MEETING

In response to a clerical error noted in the circular dated 27 February 2009, the following letter has today been posted to shareholders:

Dear Shareholder

circular dated 27 february 2009 and notice of egm - amendment to wording of board policy

We are writing to you regarding the circular sent to you on 27 February 2009 which includes a notice of extraordinary general meeting to be held at 10.30am on 24 March 2009 to consider a number of resolutions ("Circular"). Words and expressions defined in the Circular shall have the same meaning in this letter.

It has been brought to the Board's attention that the investment policy recommended by the Board and set out in section 6.1 on page 9 of the Circular which, if Resolution 1 is passed will become the Company's investment policy going forward, contains a patent clerical error as in line 6 the word "maximum" appears instead of "minimum".

Accordingly, I am writing to advise you that the word "minimum" should be deemed to replace the word "maximum" on page 9 of the Circular so that, the Board Policy set out in section 6.1 on page 9 reads as follows:

"The Company will seek to realise assets in an orderly manner, having due regard to all applicable legal, governmental regulatory and contractual restraints and with a view to maximising Shareholder value, until the earlier of such time as: (i) the Company has returned to Shareholders an aggregate amount of £100 million by way of one or more on market buy backs, including by way of tender offer or otherwise; or (ii) the Company has effected one or more market buy backs including by way of tender offer or otherwise of a minimum of 70 per cent. of the Company's currently issued share capital. Until such a return or buyback has been made (which is expected to be within the next 24 months), the Company shall only be permitted to make new investments to facilitate the disposal programme of its assets at the date of adoption of this policy and/or to rebalance the portfolio's shareholdings in public equities at the date of adoption of this policy. Thereafter, the Company's investment policy will be as stated in its admission document dated 13 April 2006."

All references to the Board Policy in the Circular shall be to the Board Policy as amended by the substitution of the word "minimum" for "maximum". In addition, Resolution 1 in the Notice of EGM shall be proposed on the basis that the Board Policy has been amended as referred to above and that the reference in Resolution 1 to "the circular issued by the Company as at today's date" shall be to the Circular as so amended. Similarly, each of resolutions 2, 3 or 4 shall be proposed on the basis that all references to Resolution 1 contained in each of them shall be to Resolution 1 on the basis that the Board Policy has been so amended.

You should note that Resolution 5, if passed, will only authorise the making of market purchases up to a maximum of 70 per cent. of the issued share capital of the Company without seeking further authority from Shareholders.

No action is required by you following receipt of this letter. However, if you have already returned your Form of Proxy to the Company's Registrars but, in light of the amendment to the wording of the Board Policy, wish to change your instructions please contact Philip Scales by fax (+44 1624 681 392) or telephone (+441624 681250) to request a new Form of Proxy which you should then return to the Company's registrars at IOMA House, Hope Street, Douglas, Isle of Man IM86 2AF, as soon as possible but in any event so as to arrive no later than 10.30am on Sunday, 22 March 2009.

Michael Cassidy CBE

Chairman

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