Market Announcement for ERII LN (the Cell shares)

RNS Number : 9328T

Real Estate Credit Inv. PCC Ltd

19 December 2012

 



19 December 2012

Real Estate Credit Investments PCC Limited (the "Company")

Market Announcement for ERII LN (the Cell shares)

Real Estate Credit Investments PCC Limited announces that following the realisation of a significant asset within the ERII portfolio, the adjusted ERII Cell Position Summary and Cell Cash Summary is now as follows:

ERII Cell Position Summary (in € million)

Number of Positions                                 6                

Residual Income Portfolio Valuation (30 September 2012)1    €15.8 million

ERII Cell Cash Summary (in € million)

Cash as at 19 December 2012²     €19.0 million

1.             This figure contains the Residual Income Positions remaining as at 19 December 2012, but at the pro forma dirty fair value per 30 September 2012.

2.             The Cash balance reflects the expected cash settlement of the realised asset, which is expected to occur before 28 December 2012.  The Cash balance also includes certain amounts which had previously been segregated or reserved and now have reverted to forming part of the distributable component of the cash balance.

For further information, please contact:

Public Relations:                             Henrietta Dehn      [phone]

Investor Relations:                         Nicole Von Westenholz  [phone]

 

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