Commencement of claim

TRIKONA TRINITY CAPITAL PLC

COMMENCEMENT OF CLAIM

On 14th January 2010, Trikona Trinity Capital PLC (the "Company") announced that it received a notification of claim from Immobilien Development Indien I GmbH & Co. KG ("Immobilien I") and Immobilien Development Indien II GmbH & Co. KG ("Immobilien II"), being limited partnerships incorporated in Germany. In addition to the Company, the notification of claim was also addressed to Trinity Capital Mauritius Limited ("TCML") (a wholly owned subsidiary of the Company), Trikona Advisers Limited ("TAL") (the then investment manager of the Company), Mr Aashish Kalra, Mr Rakshitt Chugh (who together control TAL) and TSF Advisers Mauritius Limited (a joint venture between TAL and SachsenFonds Asset Management GmbH).

By way of background, in November 2007 and May 2008 Immobilien I and Immobilien II (which were both sponsored by SachsenFonds GmbH) purchased from TCML interests in various Mauritian companies (the "Mauritian TC Companies") which in turn owned equity stakes in Indian investment vehicles (the "Indian Companies") which held certain of the Company's development projects in India (the "Transactions"). Accordingly, Immobilien I and/or Immobilien II are partners with the Company in respect of five of its development projects in India.

The notification of claim made serious allegations against Messrs Kalra and Chugh and TAL in connection with the Transactions and their subsequent behaviour in relation to the Mauritian TC Companies and the Indian Companies. In respect of the Company and TCML the notification of claim alleged a general failure to supervise and prevent the activities of Messrs Kalra and Chugh and TAL, that they colluded with Messrs Kalra and Chugh and TAL and benefited from completion of the Transactions.

Immobilien I and Immobilien II have now formally commenced proceedings against Mr Aashish Kalra, Mr Rakshitt Chugh and the Company in the Supreme Court of Mauritius claiming, as previously set out in their notification of claim, the original cost of their investment of nearly €116 million plus amounts to compensate for prejudice, trouble, annoyance, interest and costs.

Insofar as the Company is concerned, it intends to resist the claims being made against it and in this regard has instructed advisers in Mauritius to represent it. The Company will make further announcements as and when appropriate.

·; March 2010

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