India Capital Growth Fund Limited (the "Company")
(a closed-ended investment company incorporated with limited liability under the Laws of Guernsey with registered number 43839)
Exercise of Warrants
18 May 2010
India Capital Growth Fund Limited announces the allotment of 1,400 new ordinary shares of 1p each following the exercise of 1,400 warrants. These new shares will rank pari passu with the existing ordinary shares in issue. Application has been made for the new ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 25 May 2010.
As a result of this exercise the total number of ordinary shares in issue now stands at 75,001,463 and the total number of warrants in issue stands at 14,998,537.
For further information, please contact:
Company Secretary - Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745368
Andrew Maiden
Email: ARM7@ntrs.com
Arbuthnot Securities Limited
Tel: 020 7012 2000
Alastair Moreton
Hannah Pearce