Langley Park claws it way back upwards.

first RNS:

RNS Number:9052D
Langley Park Investment Trust PLC
08 October 2004

LANGLEY PARK INVESTMENT TRUST PLC ("Langley or the Company")



Net Asset Value



Langley Park Investment Trust Plc announces that its unaudited Net Asset Value
as at close of business on the 7th October 2004 was #75,594,388. Assuming that
the Downside Protection "clawback rights" had been exercised, this would
represent a Net Asset Value per share of 115p.



Description of Downside Protection



Downside Protection requires portfolio companies to agree either: to issue
convertible preference shares with a floating conversion price that may be
lowered in the event of negative share price performance; or common stock with "
clawback rights" over their Langley shares.



Clawback Rights



Clawback rights require the portfolio company to sell back up to 50% of the
ordinary shares that they received in Langley Park Investment Trust Plc in
accordance with the following procedure.



Two years after Listing Langley will determine if the share price of the
portfolio company has decreased from the purchase price. If there is such a
decrease, then for each one percent (1%) that their share price has decreased, a
total of one percent of the ordinary shares received by the portfolio company at
Listing shall be sold back to Langley at par (being 1p per ordinary share). The
maximum number of ordinary shares that any portfolio company shall be required
to sell back to Langley will be 50% of the ordinary shares received at Listing.
(These shares are currently being held in escrow.)



For further information please contact:



Alastair Rae



Financial Director



0207 569 0044



8th October 2004
end:

It would seem that a low has been reached as net asset value is on the increase and the major institutions have gained all the stock they require.

A few small buys are sending this back towards its former levels.