Pre-close Statement

9 July 2013

Oakley Capital Investments Limited ("OCIL" or the "Company")

Pre-close Statement

·; NAV (unaudited) expected to be in the range of £1.93 - £1.95, an increase of at least 11% over the last 12 months

Oakley Capital Investments Limited (AIM: OCL), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Limited Partnership" or the "Fund"), announces its pre-close statement for the 6 months ended 30 June 2013.

The Company, through its investment in the Limited Partnership, has an indirect interest in each of the Limited Partnership's portfolio companies representing 65% of the Limited Partnership's total commitments.

To-date the Limited Partnership has exited four of its portfolio investments achieving a gross money multiple on its cost of investment of 2.6x and IRR of 43%, and returning £109m to the Company. In aggregate across all the disposals to-date, the Limited Partnership has achieved a 14% uplift in realisation proceeds above the previous book value of the relevant investment.

The Limited Partnership's portfolio of remaining investments comprises six businesses; Daisy Group plc; Verivox Holdings Limited; Time Out Group (Time Out Limited and Time Out America LLC); Intergenia; Broadstone Pensions and Investments Limited; and Monument Securities Limited. Oakley Capital Limited, OCIL's investment adviser, estimates that the Company's net asset value per share will be in the range of £1.93 - £1.95 (31 December 2012: £1.81) (30 June 2012: £1.74). The OCIL net asset value is made up of cash, the investment in the Limited Partnership and loans provided to the Limited Partnership and a number of the portfolio companies.

Peter Dubens, Director, commented:

"We have had a strong start to 2013 with three exits which have generated attractive returns for the Company.

We continue to see strong deal flow and have a number of new investment and portfolio company bolt-on acquisitions under review."

For further information please contact:

Oakley Capital Investments Limited

+44 20 7766 6900

Peter Dubens

FTI Consulting

+44 20 7831 3113

Edward Bridges / Emily Hartman

Liberum Capital Limited (Financial Adviser & Broker)

+44 20 3100 2000

Steve Pearce / Tom Fyson

About Oakley Capital Investments Limited ("OCIL")

Oakley Capital Investments Limited is a Bermudian incorporated company listed on AIM. OCIL seeks to provide investors with long term capital appreciation through its investment in Oakley Capital Private Equity L.P. and, over time, through co-investment opportunities.

About Oakley Capital Private Equity L.P. (the "Fund")

Oakley Capital Private Equity L.P., a Bermuda established limited partnership, is an unlisted UK and European mid-market private equity fund with the aim of providing investors with significant long term capital appreciation. The Fund's investment strategy is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement. The Fund seeks to invest in businesses with scale in their industry subsectors, thereby creating a sustainable earnings stream which should command a premium on exit.