29 February 2012 NAV and Annual General Meeting (2462B)

TIDMLCA

RNS Number : 2462B

Low Carbon Accelerator Limited

12 April 2012

Low Carbon Accelerator: 29 February 2012 NAV and Annual General Meeting

Net Asset Value ("NAV")

The unaudited NAV in accordance with International Private Equity and Venture Capital valuation guidelines of Low Carbon Accelerator Limited ("the Company" or "LCA") as at 29 February 2012 was GBP24.07m, equivalent to 27.95 pence per Ordinary Share.

Annual General Meeting

At the AGM on 11 April 2012, shareholders passed all resolutions tabled, including the resolution for the Company to continue as an investment company.

Investment Manager's commentary

In accordance with the stated intention in the 2011 annual report, the Company is now taking action to dispose of the assets and disburse funds to shareholders. To ensure a fair market price for the assets the Company intends to appoint a specialist secondary market adviser to assist on the marketing and sale of the LCA portfolio. The Board is in final stages of the selection of this adviser and expects to make such an appointment in the near term, at which time the formal marketing of its assets will commence.

Enquiries:

Low Carbon Investors Limited Steve Mahon, CIO

Tel: [phone]

Grant Thornton Corporate Finance Colin Aaronson, or

Melanie Frean

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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