Re PCIT: Further Fund Raising

RNS Number:0036W
Principle Capital Holdings S.A.
02 May 2007


                        PRINCIPLE CAPITAL HOLDINGS S.A. 
                              ("Principle Capital")

          FURTHER FUND RAISING - PRINCIPLE CAPITAL INVESTMENT TRUST PLC

The Board of Principle Capital is pleased to note the announcement made today by
Principle Capital Investment Trust plc ("PCIT") (Ticker: PCIT), regarding a
placing of 8,379,000 new ordinary shares in PCIT which will be issued at a price
of 123.8776p per new share in cash to clients of E.I.M. SA, a Swiss management
company of a fund of funds.

The new shares will be issued at a premium to the last published unaudited net
asset value of PCIT, being 121.40p as at 27 April 2007. The net proceeds of the
issue to PCIT will be approximately #10.2m.

As at 27 April 2007, PCIT had unaudited net assets of approximately #101.7
million. Pro forma net assets of PCIT, following the issue of the new shares,
will be approximately #111.9 million. Dealings in the new PCIT shares are
expected to commence on 3 May 2007.

Following this placing and the placing by South African Property Opportunities
plc announced on 1 May 2007, Principle Capital is pleased to report funds under
management on a pro forma basis standing at approximately #190m ($390m).

For further information, please contact:

Zoe Biddick
Biddicks

Tel no. [phone]

Principle Capital
James Peggie/David Cooley

[phone]

Numis Securities Limited
Stuart Skinner

[phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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