Investment Update

Trinity Capital PLC (the "Company")

Investment Update

Following the announcement made on 8 October 2010, Trinity Capital PLC (AIM: TRC)

is pleased to announce that its Mauritian subsidiary has now sold all of the remaining shares it held in Pipavav Shipyard Limited ("Pipavav") at market prices. Following settlement, the sterling net proceeds of the latest sales by the Company's Mauritian Subsidiary is expected to be approximately £24.8 million.

The Company's Mauritian subsidiary originally invested a total of £13.5 million in Pipavav in January 2007. Following the disposal of shares in July and October 2010, aggregate realisation proceeds to the Company's Mauritian Subsidiary are expected to amount to approximately £48.8 million, a multiple of 3.6 times the original investment and a total gain of approximately £35.3 million.

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