£34m invested in 21 pre-IPO companies at period end;
subsequently, a further £10m invested in another 7 companies;
NAV of 97.55p per share unchanged since flotation (unquoted pre-IPO investments held at cost in local currency reflecting short period of investment and quoted investments at bid price);
post September 30th, material progress in a number of companies within the portfolio, in particular Buried Hill, Petaquilla Copper and River Diamonds.
Tim Childs, Chief Executive of St Peter Port Investment Management Limited, said:
"We are pleased with the investments we have made so far and with the strong deal flow we have secured. We have an exciting portfolio which is growing in value. We expect to invest the balance of our funds during the course of 2008."