Investee Company Update

30 October 2012

Origo Partners Plc

Investee Company Update - Kincora Copper announces private placement financing of up to C$6 million

Origo Partners Plc ("Origo") is pleased to announce that it has conditionally agreed to participate in a private placement of up to C$6 million ("the Placing") by Toronto listed Kincora Copper Limited ("Kincora" or the "Company"), an Origo portfolio company.

Kincora will use the funds raised to continue drilling and exploration activities at its flagship Bronze Fox project in southeast Mongolia and for working capital. In addition, Kincora will continue to evaluate further M&A opportunities in the region.

Origo has conditionally agreed to subscribe to C$2 million in the Placing, which will be structured as an equal combination of Kincora common shares and warrants exercisable for up to three years. Kincora has also conditionally secured additional non-brokered subscription commitments for C$2 million from a blue chip investor. Completion of the private placement offering is subject to the approval of the TSX-V.

Following completion of the Placing, Origo's shareholding in Kincora is expected to be 30.67 per cent, compared to 29.70 per cent currently.

Commenting on today's announcement, Chris Rynning, CEO of Origo said:

"We are delighted by the continued positive progress Kincora is making and are committed to supporting the Company as one of our key investments. Positive drilling results at Kincora's Bronze Fox deposit as well as recent positive announcements from other companies in the South Gobi region highlight the emergence of a potentially world-class porphyry copper district in southeast Mongolia. The positive support for Kincora from a new, leading international investor is testament to these positive prospects."

For further information about Origo please visit www.origoplc.com or contact:

Notes to editors:

Origo Partners:

·; Origo is an AIM-listed private equity investor and strategic consultancy business which provides its shareholders with exposure to China-linked investment opportunities.

·; Based in Beijing, Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean tech and technology, telecom and media.

·; Origo invests directly in high growth Chinese companies as well as in companies based around the world with significant exposure to Chinese export markets.

·; Origo has a wholly-owned Mongolian subsidiary in Ulaanbaatar, providing corporate finance and advisory services to local investee and non-investee companies seeking to raise development funds and to assist portfolio companies in their development.

Kincora Copper

·; Kincora Copper Limited is a mining exploration and development company based in Vancouver and listed on the TSX Venture Exchange that was formed in mid 2011.

·; Kincora's ambition is to be the leading listed independent copper exploration and development company in the highly prospective and proven Oyu Tolgoi South Gobi porphyry copper belt in southeast Mongolia. The Company is currently exploring its wholly owned Bronze Fox, Tourmaline Hills and North Fox projects which host an extremely large and strategically located mineralised footprint covering over 40km2.

·; The projects are situated only 250km from the Chinese border and within 140km of two large scale greenfield copper construction projects: Oyu Tolgoi, invested capital to date approximately US$6 billion and target production of 160,000t/ day; and, Tsagaan Suvarga, estimated capex US$1b and target production of 40,000t/ day. Other significant mines and associated infrastructure are being developed in this immediate region.