Acquisition

Livermore Investments Group Limited
03 July 2007


                                                                     3 July 2007


               Livermore Investments Group Limited ('Livermore')

   First Real Estate Acquisition of Wylerpark in Bern, Switzerland for CHF110
                                    million


Livermore is pleased to announce the completion of its first real estate
investment. Livermore has purchased a 34,000 square metre commercial freehold
property, Wylerpark, in Bern, Switzerland, from the Swiss national railway
company, SBB. The acquisition is being made on a sale and lease back basis for
CHF93.5 million (£38.3 million) and is the first of this kind to be completed by
SBB.

The commercial premises, which include 4,800 square metres of office space
currently occupied by SBB (Wyler1) and 13, 200 square metres of newly built
office space (Wyler 2) will be leased by SBB for a minimum of twelve years under
the terms of the deal. The total annual rent of these premises is CHF4.3 million
(£1.77 million) for the first twelve months, which will be fully indexed to the
Swiss consumer price index on an annual basis.

Livermore has also agreed to build 39 luxury apartments overlooking the Alps on
the acquired land, which are expected to be completed in 2008 at a total cost of
CHF16 million. The project further includes rights over 8,000 square metres for
future commercial development, which Livermore intends to pursue.

Following the development of the residential assets, Livermore expects to
generate a return on equity on this investment in excess of 8 per cent and
anticipates generating further gains from exercising the additional development
rights.

Livermore will establish a wholly owned special purpose vehicle (SPV)
incorporated in Switzerland to purchase this asset, 85 per cent of which will be
financed though non-recourse debt to the SPV, with the balance through equity.

Within the Company's overall investment strategy, Livermore is currently dealing
with a massive deal flow and intends to establish a real estate portfolio in a
range of US$1 billion. Such assets would be predominantly located in
Switzerland, generating secure income streams from tenants with high credit
ratings, where possible.

Noam Lanir, Chief Executive Officer of Livermore, commented, 'the purchase of
Wylerpark will grant Livermore ownership in one of the highest quality
properties in Switzerland and gives us a foothold in the Swiss real estate
market, in which we intend to extend our investment activities. This investment
will generate a secure income stream from a AAA-rated tenant and potentially
provide additional yield enhancement through the development of the accompanying
residential project and the additional commercial development rights.'

Contact:

Michael Sandler, Hudson Sandler

Tel: [phone]


Notes to Editors

The Swiss Railway, SBB, is the biggest travel and transport company in
Switzerland. It is wholly-owned by the Swiss Confederation which is rated 'AAA'
by Standard & Poor's. Wylerpark is located near the centre of Bern. This
industrial area, formerly used for freight purposes by SBB, is currently
undergoing development, which will result in a mixed-use zone of offices and
residential premises. This development is based on an architectural competition
organised by SBB Immobilien in 2004 on the whole area and won by the team of
architect Rolf Muhlethaler from Bern. This acquisition is the result of an
auction process managed by CBRE.

Livermore is an international investment company trading on the AIM market of
London stock exchange. The Company currently has US$300m available for
investments globally and its strategy is to generate superior returns for
shareholders through shrewd investment across private equity, public equities
and real estate.









                      This information is provided by RNS
            The company news service from the London Stock Exchange