Loan Facility

5 December 2016

Origo Partners plc

("Origo" or the "Company")

Loan Facility

Origo is a closed-end investment company which holds a portfolio of investments in unquoted, and illiquid, publicly traded companies based or principally active in China and Mongolia. Origo is seeking, through an orderly realisation programme, to divest its entire portfolio by November 2018.

The Company announces that it has entered into an unsecured loan agreement with Lars Bader (the "Lender") under which the Lender has provided the Company with a US$2.5 million (approximately £2 million) unsecured loan (the "Facility"). The Facility carries a rate of return (payable at repayment) of the higher of 12% per annum (calculated on a non-compounding basis) and 1.5 times the amount of the Facility.

The Facility is repayable on the earlier of (i) 2 December 2020; and (ii) when the Company has distributed US$6 million to the Company's shareholders in accordance with articles 4.10 to 4.12 of the Company's articles of association ("Articles") provided it has sufficient funds to repay the Facility. The Company may at any time prepay the Facility, in whole or in part, without penalty. The proceeds of the Facility will be applied, in accordance with article 13.1.1 of the Articles, to discharging Origo liabilities to professional advisors (excluding those of Origo Advisors Limited) existing as at 19 August 2016.

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

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