Trinity Capital Regulatory News (TRC)

24 Apr 2007 07:02

Trinity Capital PLC24 April 2007 FOR IMMEDIATE RELEASE 24 APRIL 2007 TRINITY CAPITAL PLC ("Trinity") Full Investment Target Reached On the first anniversary of its listing on the AIM market, Trinity Capital PLCis delighted to announce that it has successfully reached full investment* ofthe £250 million of funds raised in April 2006, six months ahead of thetimetable set at IPO. Key Points: • Invested and committed a total £196 million of funds, representing 82% of net capital o Invested £169 million of funds, representing 71% of net capital o Committed £72 million under two platform agreements with IL&FS. • Under the 50:50 platform, Trinity committed to investing £25 million. To date, Trinity has deployed £55 million under this platform - far exceeding its original commitment • Under the 90:10 platform, Trinity has deployed £17.8 million of its £45 million commitment • To date, we have invested £73 million through five deals under the two platforms • Portfolio of 11 strategically significant and high quality investments, comprising a total development potential of 31 million sq ft • Fully invested significantly ahead of the 18 month schedule set out at IPO • Current pipeline of deals in excess of £280 million. Aashish Kalra, Managing Director of Trikona Capital, said: "We are delightedwith the rapid progress that Trinity has made since its IPO. Over the last 13months we have successfully developed an impressive portfolio of high qualityreal estate assets over a variety of exciting sectors, and have formed strongpartnerships with some of India's leading financial institutions and developers.Our strong presence in India coupled with the experience of our team has ensuredthat Trinity has remained one of the most active players in the real estatesector." Portfolio Summary Company Name Developer /Partner Project Type Investment/ Commitment (GBP mm)*___________________________________________________________________________________ITNL ILFS Transaction 4.8Kapstone Const Keystone Group Residential / Commercial 14.3Lokhandwala K C P L LKCPL Residential 11.9UPPAL IT P P L Panthera Developers Commercial / Residential 28.3Neelkamal M M D P L Dynamix Balwas Hospitality ( 5S Hotels) 11.9Fortis Healthcare Ranbaxy Group Hospitality (Hospital) 13.7Pipavav Shipyard ltd SKIL Infrastructure - Shipyard 13.1Manjeera R H P L Manjeera Commercial / Residential 9.5M K Malls & Dev (Eq) Dynamix Balwas Commercial 11.7M K Malls & Dev (Mez) Dynamix Balwas Commercial 5.8Dynamix Balwas Realty Dynamix Balwas Mixed development across 25.72 12 projects Sub Total (a) 150.72___________________________________________________________________________________Share Buy Back 18.2 Sub Total (b) 168.92___________________________________________________________________________________ *"Fully Invested" is defined as 70% of the net proceeds of funds raisedinvested, committed or reserved for follow on investments. ENDS Enquiries: Trikona Capital Aashish Kalra +91 11 2620 7257Cardew Group Tim Robertson +44 20 7930 0777 Sofia Rehman Catherine Maitland (London) Gutenberg Communications Harjiv Singh (New York) +1 917 623 7793 Pranav Kumar (Delhi) +91 98100 77898 Numis Iain McDonald +44 20 7260 1000 Bruce Garrows Notes: • For further information and regular updates regarding the Fund'sactivities, please log on and sign up for news alerts at www.trinityplc.com This information is provided by RNS The company news service from the London Stock Exchange