Extension to BECAP Fund LP

22 February 2017

Better Capital PCC Limited

(the "Company")

Extension to BECAP Fund LP

The Company announces that it has consented to an extension to BECAP Fund LP (the "2009 Fund") of one year to 17 December 2018. The Board considers that an extension to the 2009 Fund will help to provide an appropriate timeframe in which the General Partner of the 2009 Fund can maximise returns through the realisation of the residual assets in the portfolio. The Board intends to continue the distribution of net realised capital to shareholders on a cost effective and timely basis.

In accordance with the terms of the Prospectus of the Company dated 29 July 2013 and the Amended and Restated Limited Partnership Agreement of the 2009 Fund dated 16 December 2011, the General Partner of the 2009 Fund can enforce its discretion to extend the term of the 2009 Fund for up to two additional one year periods, subject to the consent of the Company.

For further information, please contact:

Better Capital PCC Limited

Laurence McNairn (Administrator and Company Secretary) +44 (0)1481 716 000

Better Capital LLP

Bonnie Kraus (Director of Finance and Investor Relations) +44 (0)20 7440 0840

Powerscourt  

Justin Griffiths +44 (0)20 7549 0999

Numis Securities Limited

Nathan Brown +44 (0)20 7260 1000