Investment Update

Treveria PLC

("Treveria" or the "Company")

Investment Update Regarding Silo E

With regard to the insolvency proceedings over the assets of the Silo E portfolio, Treveria (AIM: TRV) announces that the insolvency court Frankfurt/Main has recently resolved that the claims under the EUR 538 million senior loan facility agreement ("Facility Agreement") could be subject to equitable subordination. This means that the claims under the Facility Agreement enforced by Hatfield Philips International ("HPI"), which services the Facility Agreement, could rank behind other insolvency creditors' claims.

By way of background, in a creditors' meeting of a Silo E portfolio company an insolvency creditor contested the voting rights of the lenders under the Facility Agreement. The insolvency court held that the voting rights of the lenders under the Facility Agreement represented by HPI are reduced to 50% of the actual nominal amount of claims. The insolvency court argued that the extensive consent requirements and covenants under the Facility Agreement may make the principles of equitable subordination applicable to the loan repayment claims. With its decision on the voting rights the insolvency court puts a question mark behind the senior ranking of the claims under the Facility Agreement. An equitable subordination of the HPI enforced claims could improve the recovery rates of other creditors in the insolvency proceedings of all 36 German Silo E property companies, including the recovery rates of Treveria group companies.

Treveria will continue to monitor the situation closely and seek ways to protect shareholder's value. Treveria expects to provide a further update on this matter after the creditors meeting, to be held in September/October 2013, at which the creditor claims in respect of the Silo E portfolio companies will be reviewed.

For further information, please contact:

IOMA Fund and Investment Management Limited

Graham Smith +44 (0) 1624 681250

N+1 Singer

James Maxwell/Nick Donovan +44 (0) 20 7496 3000