New Investments

8 June 2011
St Peter Port Capital Limited ("the Company")

New Investments

The Company is pleased to announce that it has made two additional pre-IPO investments since it reported its Net Asset Value on 13 April 2011. We invested US$2 million in a Brazilian iron ore development and have also made a follow-on investment of CDN$2 million in Mongolia Minerals Corporation ("Mongolia Minerals"), at a 78% uplift in the price per share to our previous investment of CDN$1 million.

 

The Brazilian development is an iron ore resource in the Minas Gerais province of Brazil and in due course our investment will be in Manabi Holding SA, a Brazilian company. Mongolia Minerals is acquiring and developing coal licences in Mongolia. Both companies have active plans to become public in the short-term.

 

For further information:

 

St Peter Port Capital Limited 
Peter Griffin - 01481 751000
St Peter Port Investment Management Limited 
Tim Childs - 020 7240 3765 / Graham Shore - 020 7468 7922

 

Deloitte LLP - Nominated Adviser
Jonathan Hinton / James Lewis - 020 7936 3000

 

Shore Capital Stockbrokers Limited - Broker
Dru Danford / Stephane Auton - 020 7408 4090




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: St Peter Port Capital Limited via Thomson Reuters ONE

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