TIDMACPM 
 
RNS Number : 1785E 
ACP Mezzanine Ltd 
15 December 2009 
 

15 December 2009 
ACP Mezzanine Limited 
Further Asset Disposal and Portfolio Update 
 
 
 
 
The Board of ACP Mezzanine Limited (the "Company" or "ACPM": AIM: ACPM) 
announces that the Company  sold yesterday its entire portfolio of CDOs, CLOs, 
and RMBS (the "Sale") for EUR 4.51 million in cash (equivalent to 1.9 cents per 
ACPM share). Settlement will be on 17 December 2009. The carrying value of these 
assets at 30 September 2009 was EUR 3.55 million. 
Following the Sale and the recent disposal of its interests in IFR Capital's 
preference shares, as announced on 25 November 2009, and D tranche debt, as 
announced on 4 December 2009,  the Company's portfolio will comprise IFR 
Capital's A, B, C debt tranches and the proceeds of the Sale. 
+----------------------------+----------------+----------------+ 
| Portfolio and proceeds of  |                |        EUR (m) | 
| the Sale                   |                |                | 
+----------------------------+----------------+----------------+ 
|                            |                |                | 
+----------------------------+----------------+----------------+ 
|                            |                |                | 
+----------------------------+----------------+----------------+ 
| IFR Capital's A, B, C debt tranches         |        16.194  | 
+---------------------------------------------+----------------+ 
|                            |                |                | 
+----------------------------+----------------+----------------+ 
| Proceeds of the Sale                        |          4.510 | 
+---------------------------------------------+----------------+ 
|                            |                |         20.704 | 
+----------------------------+----------------+----------------+ 
|                                             |                | 
+---------------------------------------------+----------------+ 
| Number of shares in issue                   |   235,745,333  | 
+---------------------------------------------+----------------+ 
|                                             |                | 
+---------------------------------------------+----------------+ 
| Equivalent Value per share (Eurocents)      |            8.8 | 
+----------------------------+----------------+----------------+ 
 
 
Notes: 
  *  Pricing and exchange rates are as at 30 November 2009. 
  *  Indicative portfolio valuations exclude accrued income receivable on portfolio 
  investments. 
  *  The pricing of IFR Capital's debt is based on average indicative prices. 
  Indicative portfolio valuations do not necessarily reflect the values that would 
  be achieved on the realisation of portfolio assets. 
 
Net current assets (including cash balances) have been excluded from the above 
portfolio summary. Following the payment of the distribution to Shareholders 
announced on 7 December 2009 and excluding the proceeds of the Sale referred to 
above, the Board believes the Company has retained sufficient cash to meet its 
current and anticipated liabilities. 
ACPM currently expects to make an announcement in early 2010 regarding a further 
capital distribution comprising all or part of the proceeds of the Sale. 
The Company's net asset value at 31st December 2009 will be released in January 
2010 as part of the quarterly trading update. 
 
 
Enquiries: 
+--------------------------+--------------------------+--------------------------+ 
| Hugh Field / Bruce       | Collins Stewart Europe   | +44 (0) 207 523 8350     | 
| Garrow                   | (Nominated Adviser)      |                          | 
+--------------------------+--------------------------+--------------------------+ 
| Tim McCall / Barnaby Fry | Hogarth Partnership      | +44 (0) 207 357 9477     | 
+--------------------------+--------------------------+--------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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