Trading Facility

RNS Number:0835A
Cobra Capital Limited
12 July 2007



                             Cobra Capital Limited

                           ("Cobra" or the "Company")



                         New Leveraged Trading Facility



Cobra Capital Limited (AIM: COC), the small-cap investment company, today
announces it has signed a trading and leverage facility with a leading EU
banking group. Under the terms of the agreement, Cobra will be able to leverage
the assets of the Company into new investment opportunities.



As of 30th June 2007, the Company's net assets were valued at approximately
#4.1million and this new facility will allow Cobra to make further investments
with a value of in excess of #20million.



To use the facility, Cobra will be subject to a minimum annual fee of Euro25,000
and an interest rate on borrowed euro funds of 0.5% above the EONIA (Euro
Overnight Index Average). The current EONIA rate is 4.06%.



Jonathan Freeman, a director of Cobra Capital, said:

"As shareholders are aware, it has been the long term intention of the Board to
significantly increase the assets under management and this facility achieves
that goal without diluting the interests of current shareholders. It transforms
Cobra into a leveraged long-only investment fund. We look forward to continuing
our investment strategy which has seen NAV increase by some 80% in the last
three years."



                                   ---ENDS---



About Cobra Capital Limited

Cobra Capital is a Guernsey registered investment company primarily focused on
investing in smaller capitalized companies listed on the UK or European public
markets. Established in 2004, the Company will normally invest either in
businesses that based on Cobra's research are about to experience a seismic
event or where Cobra's investment can facilitate a more significant funding or
transaction for the investee company. For further information on Cobra, please
go to www.cobracapital.net. Significant shareholders in the Company include
Equity Special Situations Limited (AIM:EQS).



Further information:




   Cobra Capital Limited          JM Finn & Co Limited                      GTH

                                                                       Communications
       Peter Griffin                   Geoff Nash                Toby Hall/Jade Mamarbachi
    [phone]            [phone]              [phone]




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