Update re. Investment Manager (0337H)

TIDMDHIR

RNS Number : 0337H

Dhir India Investments plc

23 May 2011

Dhir India Investments plc (the "Company")

Update re Investment Manager

Dhir India Investments plc announces that its Board is reviewing the form and terms of the provision of investment management services to the Company as part of the Board's strategy to seek to accelerate the process of realising the Company's investments with a view to maximising returns to shareholders.

Under the terms of the Management Agreement dated 6 July 2007 between the Company and its Investment Manager, Shiva Consultants Private Limited ("Shiva"), the Company is entitled to terminate the Management Agreement by serving 12 months' notice.

With effect from 20 May 2011, the Board has served 12 months' notice of termination to Shiva, who will remain the Company's Investment Manager until 19 May 2012. Shiva will continue to have the full support of the Board in implementing their strategy throughout this period.

A further update regarding future strategy and investment management arrangements will be provided in due course.

23 May 2011

For further information, please contact:

 
 Dhir India Investments   Evolution Securities   Tavistock Communications 
  plc 
 Charlie Hambro           Jeremy Ellis           Jeremy Carey 
                          Chris Clarke           Simon Hudson 
 Tel: +44 (0)7776         Tel: +44 (0)20 7071    Tel: +44 (0)20 7920 
  196674                   4300                   3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

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