Tender Offer

TAU CAPITAL PLC

TENDER OFFER

Further to the announcement of the Tender Offer made 18 September 2013 the Board is pleased to advise that the estimated Net Asset Value ("NAV") as at close of business on 30 August 2013 is US$0.46 per share.

The Repurchase Price of the Tender Offer is USD0.460965. This represents a premium of 44.1% to the mid market share price of USD0.32 on 12 September 2013.

On the basis of a Repurchase Price of USD 0.460965, the below are the final Tender Offer details:

· The maximum number of shares subject to the tender are 32,360,365

· The Basic Entitlement is 30.430%

· The Tender Discount to the unaudited NAV is 0.6%

Full details of the steps to be taken by shareholders wishing to take advantage of the Tender Offer are contained in the Circular posted on 18 September 2013 a copy of which is also available on the web site.

http://www.taucapitalplc.com/investors/events-calendar.html

Capitalised terms not defined in the body of this announcement shall have the meaning given to them in the Circular dated 18 September 2013. 

--ENDS--

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