Share buyback programme

Tau Capital PLC

29 February 2012

Share buyback programme

Tau Capital PLC ("Tau" or the "Company") today announces that the Company is about to enter a two month close period ahead of the publication of its preliminary results for the year ended 31 December 2011.

The Company has appointed Numis Securities Limited ("Numis"), the Company's broker, to independently manage an irrevocable, non-discretionary share buy-back programme until the date on which the Company's full year results are notified, which is expected to be by the start of May 2012. The buyback programme will operate within certain pre-set parameters and all shares purchased will be cancelled. The specific authority permitting the buyback was granted at the Annual General Meeting on 28 June 2011. Full terms of this approval can be found on the Company's website at http://www.taucapitalplc.com/investors

During the course of the close period, the Company and its directors will have no power to invoke any changes to the programme and all shares purchased will be at the sole discretion of Numis.

Enquiries:

Numis Securities Ltd Tel: +44 (0) 20 7260 1000

Nominated Advisor: Nick Westlake / Hugh Jonathan

Corporate Broker: Alex Ham

IOMA Cynthia Edwards +44 (0) 16 2468 1381