Company Update (7196W)

TIDMBEK

RNS Number : 7196W

Berkeley Technology Limited

24 November 2010

 
 FOR IMMEDIATE PRESS RELEASE   November 24, 2010

Berkeley Technology Limited

Company Update

London, November 24, 2010 - Berkeley Technology Limited (London: BEK.L) (the "Company") is an international venture capital consulting company incorporated under the laws of Jersey, Channel Islands, with an office in San Francisco, California.

With its complex corporate structure, the continued operation of the Company has been consuming valuable corporate cash. The current corporate structure is expensive, very complex and inappropriate for a company of our size. Accordingly, the Board of Directors of the Company unanimously requested that shareholders approve a special resolution to wind up the company summarily, and that the Company distribute its assets among members according to their rights and interests in the Company. At an Extraordinary General Meeting of the Company held on 23 November 2010, shareholders approved this special resolution.

Robert A. Cornman

Berkeley International Capital Corporation

rcornman@berkeleyvc.com

415.249.0510

This information is provided by RNS

The company news service from the London Stock Exchange

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