Private Equity Investment

TAU CAPITAL PLC

("Tau" or "the Company")      

PRIVATE EQUITY INVESTMENT

RELATED PARTY TRANSACTION

Tau today announces that, on completion of the operational milestones established in the Lucent Petroleum LLP ("Lucent") business plan it has paid the third tranche of funding for a total consideration of $4M.

This amount is the final tranche of the total commitment of $15M to Lucent, as announced on 22nd September 2010.

As of this date Tau is awaiting the grant of approvals by the Government of Kazakhstan to convert the investment of $15M, structured as a bridge loan, into equity.  

Tau holds a positive view on the progress of the approval grants process for the conversion of the bridge loan into equity and will announce the outcome in due course.

Further information, please contact:

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