Launch - Promethean India Plc

RNS Number:4664V
Promethean PLC
25 April 2007



                               Promethean plc

                         Launch of Promethean India PLC

The Board of Promethean Plc. (the "Company") is pleased to note the commencement
of trading today on the AIM market of the London Stock Exchange of Promethean
India PLC ("Promethean India), a new #50m investment company formed to invest in
businesses that are established or operating in India in special situations.

Promethean India will be advised by Promethean Investments, the Investment
Manager to the Company and by a local Investment Adviser, lead by Mohit Burman,
a member of the family that controls Dabur India Limited, the fourth largest
FMCG company in India.

The Company is entitled to a share of the surplus of the management fee payable
by Promethean India after payment of running costs, and a 30% share of the total
carried interest.  The total carried interest payable by Promethean India is 20%
of the profit above an annual hurdle rate of 10%. Fees receivable by the Company
will have a positive impact on the Company's income.

Enquiries:

Michael Burt  Promethean Investments LLP                     020 7016 5112

Hugh Field    Collins Stewart Europe Limited                 020 7523 8325



Promethean Investments LLP is authorised and regulated by the Financial Services
Authority.

25 April 2007

                                     -ENDS-


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