Trinity Capital Regulatory News (TRC)

TRINITY CAPITAL PLC

(the "Company")

Amendments to investment management arrangements

Pursuant to the announcement made on 17 September 2012, the Company is pleased to confirm that it and Trinity Capital Mauritius Limited, a wholly owned subsidiary of the Company, have entered into an amendment agreement (the "Amendment Agreement") with Indiareit Investment Management Company ("Indiareit") which amends the terms of the original investment agreement entered into between these parties on 18 June 2010 (the "Management Agreement").

The terms of the Management Agreement have been amended to reduce the fixed costs of managing the portfolio and further incentivise an acceleration in the pace of realisation of investments. Under the terms of the Amendment Agreement the principal changes to the Management Agreement (which are expressed to be effective from 1 February 2013) are:

·; the Management Agreement automatically terminates no later than 31 December 2013. Under the arrangements previously in force the appointment of Indiareit could be terminated on six months' notice given by TCML or Indiareit, subject, under certain circumstances, to a termination payment in lieu of performance fees in relation to unsold investments;

·; the management fees payable to Indiareit will be US$198,000 per annum. Under the arrangements previously in force Indiareit received annual management fees of US$1.69 million;

·; the performance fees payable to Indiareit have been changed such that the performance fee payable on the Company's investments in (a) MK Malls and Uppals IT have been increased to 10 per cent. of net realisation proceeds; and (b) the other investments remain at 7.5 per cent. of net realisation proceeds but reduce on a sliding scale over time. Under the arrangements previously in force Indiareit were entitled to receive (subject to certain escrow arrangements which no longer apply) 7.5 per cent. of net realisation proceeds on the sale of investments;

·; funds currently held in escrow amounting to US$1.86 million in relation to realisations to date will only be paid to Indiareit in the event that all the Company's current investments are realised by the end of 2013;

·; the named "key man" at Indiareit will be Arvind Pahwa.

In all other respects the terms of the Management Agreement remains in full force and effect.

Enquiries:

IOMA Fund and Investment Management Limited

Graham Smith, Director +44 1624 681250

Arden Partners plc

Nominated Adviser and Broker

Chris Hardie +44 207 614 5900