Investment update

Trikona Trinity Capital PLC (the "Company")

Investment Update 

Following the announcement made on 6 July 2010, Trikona Trinity Capital PLC (AIM: TRC) confirms the sale of 18.7 million shares in Pipavav Shipyard Limited ("Pipavav"), tendered by one of the Company's wholly-owned Mauritian subsidiaries at a price of INR61.50 per share. The consideration amounting to INR1,150.1 million, or approximately GBP 16.4 million at current exchange rates will be received by the Mauritian subsidiary shortly.

The Company's Mauritian subsidiary acquired a total of 45.9 million shares in Pipavav in January 2007 for a total consideration of GBP 13.5 million, then equivalent to INR1,147.5 million. The aforesaid partial sale has recovered in excess of the original investment of the Mauritian subsidiary.

The Company's Mauritian subsidiary continues to hold a balance of 27.2 million shares in Pipavav, which are subject to lock up until October 2010.

9 July 2010

Enquiries:

Hogarth

Tim McCall / James White +44 207 357 9477

IOMA Fund and Investment Management Limited

Philip Scales, Director +44 1624 681250

Evolution Securities

Nominated Adviser and Joint Broker

Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300

Arden Partners plc, Joint Broker

Chris Hardie, Corporate Finance +44 207 614 5917