Result of EGM

Legal Entity Identifier: 2138006S6U2X7L4R8V74

12 March 2018

Terra Capital Plc ('Terra' or 'the Fund')

Result of EGM

Terra Capital plc (AIM:TCA) announces that at the Extra Ordinary General Meeting ('EGM') held on 09 March 2018, the following resolution was duly passed with 72.6% of the shares in issue being voted in favour of the resolution and none against:

ORDINARY RESOLUTIONS

Resolution 1

The Company was authorised to make market purchases of its own shares as follows:

i) the maximum number of shares authorised to be purchased is 6,146,931 of the Ordinary Shares in issue at the time of the passing of this resolution;

ii) the maximum price and minimum price which may be paid for any Ordinary Share is US$ 1.11;and

iii) this authority shall expire on the conclusion of the next annual general meeting or 18 months after the passing of the resolution.

Following the passing of this resolution, the Tender Offer, as set out in the circular dated 15 February 2018, will proceed in accordance with the terms as set out in the circular.

**ENDS**

For more information, please visit www.terracapitalplc.com or contact:

Galileo Fund Services Limited (Administrator)

Frazer Pickering

+44 1624 692600

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

Paul Fincham or Jonathan Becher

+44 20 7886 2500

Terra Capital plc.

Ian Dungate, Director

+44 1624 692600

NOTES:

Terra Capital plc is an AIM quoted investment company focussed on generating high absolute returns while ensuring volatility is kept to a minimum. The fund predominantly invests in under-researched and under-valued companies. The Fund Manager targets companies that are trading at less than their intrinsic worth and so, aside from any potential growth prospects, provide scope for capital appreciation as a result of a reversion towards underlying value. Investments are also made in companies which are viewed as fair value but offer opportunities for growth at a reasonable price. Due to inherent market inefficiencies, the Investment Manager believes many such 'value' opportunities can be found in Frontier Markets and utilises in-house teams of analysts on the ground in areas of interest to investigate suitable opportunities rather than rely on third party research.