EIH PLC Return of Capital and COVID-19 Update (6541I)

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RNS Number : 6541I

EIH PLC

02 April 2020

EIH plc ("EIH" or the "Company")

Return of Capital and COVID-19 update

The Board of Directors of EIH is pleased to announce, that following the receipt of a distribution from Evolvence India Fund ("EIF") of US$ 1.3 million, the Board has resolved to make a capital distribution of US$0.02 per share, equivalent to approximately US$ 1.29 million, to shareholders (the "Distribution").

It is intended that the Distribution will be paid on 24 April 2020 to shareholders recorded on the register at the close of business on 14 April 2020. The shares will be marked ex on 9 April 2020.

The Board of Directors of EIH are closely monitoring the Coronavirus (COVID-19) situation in India and while they remain confident that further realisations from the underlying portfolio of the Company's limited partnership interest in the Evolvence India Fund PCC ("EIF") will be achieved, there is now a considerably higher level of uncertainty as to both the value of the remaining assets to be realised and the timing of distributions to Shareholders.

For further information, please contact:

EIH plc

Rhys Davies

Tel: [phone]

N+1 Singer (Nominated Adviser)

James Maxwell

[phone]

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April 02, 2020 12:38 ET (16:38 GMT)