Investment Update

Trinity Capital PLC (the "Company")

Investment Update

Following the announcement made on 9 July 2010, Trinity Capital PLC (AIM: TRC) confirms that the lock up relating to its remaining 27.2 million shareholding in Pipavav Shipyard Limited ("Pipavav") held by one of the Company's wholly-owned Mauritian subsidiaries was lifted such that the shares were eligible for trade on 4 October 2010.

On 7 October 2010, the Mauritian subsidiary placed 7.2 million shares as a block trade through its brokers at an average price of INR80.5 per share. The estimated sales proceeds, after transaction costs, are estimated to amount to approximately GBP 8.1 million at current exchange rates.

The Mauritian subsidiary continues to hold a balance of 20 million shares in Pipavav.

8 October 2010

Enquiries:

MHP Communications

Tim McCall / James White

+44 20 3128 8100

IOMA Fund and Investment Management Limited

Philip Scales, Director

+44 1624 681250 

Evolution Securities, Nominated Adviser and Joint Broker

Bobbie Hilliam / Chris Clarke, Corporate Finance

+44 207 071 4300 

Arden Partners plc, Joint Broker

Chris Hardie, Corporate Finance

+44 207 614 5917