Further Update re Moshen Limited Investment

06 September 2013

Concha PLC("Concha" or the "Company")

Further Update re Moshen Limited Investment

Concha provides the following update regarding its investee company Moshen Limited ("Moshen").

Further to the announcement released on 28 August 2013 regarding Moshen, Concha has been advised that Moshen has now entered administration. The administrators appointed to Moshen have determined that the security granted to Concha in respect of the £300,000 term loan to Moshen is unenforceable and accordingly, the administrators consider that Concha's debt is unsecured. Concha understands that Moshen has no other secured creditors.

Concha is taking legal advice to assess the validity of its security and the likelihood of success of any challenge Concha may make in relation to the determination made by Moshen's administrators regarding Concha's security.

Further updates will be provided as appropriate.

Enquiries:

Concha PLC [email protected]

Chris Akers, Executive Chairman

Strand Hanson Limited (Nominated Adviser and Joint Broker) 020 7409 3494

James Harris

Andrew Emmott

Ritchie Balmer

PeterHouse Corporate Finance (Joint Broker) 020 7926 0935

Jon Levinson

Lucy Williams