Net Asset Value and Update

TAU CAPITAL PLC

NET ASSET VALUE

The Board is pleased to advise that, following consultation with the Investment Manager, the estimated Net Asset Value ("NAV") as at close of business on 30 September 2011 is $0.6023 per share.

The Board is also pleased to announce that included in the NAV is an upward revaluation of its investment in Alem Communications Holdings LLP. This was triggered by a recent material transaction in the shares of Alem - the increase is 15% on the cost of the investment which has been revalued in accordance with IPEVCA guidelines. This equates to $0.01 on the NAV. 

With regard to the investment in Lucent Petroleum LLP the Board does not expect to issue any update before the end of November 2011 at the earliest.

The Company also announces that Terrence Currier has left Compass Asset Management ("CAM"), the Manager to the Company. He is replaced by Mathias Wikberg who prior to joining CAM was an emerging market strategist with Aviate Global LLP of London. Previously Mathias was a portfolio manager with Emerging Economies Research LLP and Nordea Investment Management. He holds an MSc in Business Administration.

--ENDS--

Further information, please contact: