Net Asset Value(s)

TERRA CAPITAL PLC

12 December 2012

The Board of Terra Capital plc ("the Fund") announces that the unaudited net asset value per share on 30 November 2012 was US$0.874.

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Enquiries

For more information, please visit www.terracapitalplc.com orcontact:

Galileo Fund Services Limited (Administrator)

Suzanne Jones

+44 1624 692600

Panmure Gordon (UK) Limited (Nominated adviser and corporate broker)

Paul Fincham or Jonathan Becher

+44 20 3206 7000

Terra Capital plc.

Ian Dungate, Director

+44 1624 692600