Results of Extraordinary General Meeting

Legal Entity Identifier: 2138006S6U2X7L4R8V74

10 July 2018

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

Result of EGM

Terra Capital plc (AIM:TCA) announces that at the Extraordinary General Meeting ('EGM') held on 10 July 2018, the following resolutions were duly passed with 79.9 percent. of the shares in issue being voted in favour of both resolutions and none against:

ORDINARY RESOLUTION

Resolution 1

THAT the investment policy of the Company be changed, such that the Company cease all new investments and seek to realise, in an orderly fashion, the Company's portfolio of investments and return the net proceeds generated to Shareholders as soon as practicable.

SPECIAL RESOLUTION

Resolution 2

The Company be re-registered under the Companies Act 2006 and the Company adopt a new Memorandum and Articles of Association and related matters.

 The Fund will now attend to the formalities of the re-registration of the Fund under the Companies Act 2006 in order that it may proceed with a Compulsory Redemption of a proportion of the Ordinary Shares in issue. A Redemption Announcement will be made concerning this in the near future.

In implementing the New Investment Policy and the related changes to the investment management arrangements as set out in the Circular, for clarification, it should be noted that the fee payable to the Investment Manager in respect of any Distributions made to Shareholders will not be payable in respect of any distributions in specie of assets.

Capitalised terms and expressions have the same meanings as those attributed to them in the Company's circular to Shareholders dated 15 June 2018 (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