Altus Resource Capital Limited Update Concerning the Continuation of the Company (6236D)

TIDMARCL

RNS Number : 6236D

Altus Resource Capital Limited

30 January 2015

ALTUS RESOURCE CAPITAL LIMITED (the "Company")

Update Concerning the Continuation of the Company

30 January 2015

At the General Meeting of the Company held on 4 December 2014, the ordinary resolution put to the Company's shareholders that the Company continue in existence as presently constituted, did not pass. (13,441,761 votes cast in favour, 14,855,474 against and none withheld).

As advised in the announcement made on 4 December 2014, the Directors will within four months of the resolution failing to pass, formulate and put to Members proposals relating to the future of the Company having regard to, inter alia, prevailing market conditions and applicable regulations and legislation.

On 22 January 2015 the Directors held a meeting to discuss the future of the Company. The Directors together with the Company's Corporate & Shareholder Adviser and the Company's Manager, are in discussions with various parties and are considering several options and proposals, and will release an announcement in due course to Shareholders.

For further information contact:

   Administrative Enquiries:                                      Shareholder Enquiries: 
   JTC (Guernsey) Limited                                       Nimrod Capital LLP 
   Tel: [phone]                                   Tel: [phone] 

[e-mail]

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