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