Reconstruction Capital II Ltd New valuations of private equity positions (7324Z)

TIDMRC2

RNS Number : 7324Z

Reconstruction Capital II Ltd

16 March 2017

Reconstruction Capital II Limited

("RC2" or the "Company")

New Valuations of Private Equity Positions

As part of the annual audit process, RC2's auditors have requested from independent third party valuers new valuations of the Company's investments in Policolor S.A., Top Factoring Group and Mamaia Hotel Resorts Srl as at 31 December 2016. A table showing the new and prior valuations of the main private equity positions is shown below:

 
                              Prior valuations EUR   Revised valuations 
                                                                    EUR 
 Policolor S.A.                         19,920,000           20,640,000 
 Top Factoring Group                     6,925,544           11,284,423 
 Mamaia Hotel Resorts SRL                3,194,735            4,079,921 
 Total                                  30,040,279           36,004,344

Net Asset Value

The Company announces that at close of business on 31 December 2016 its unaudited net asset value ("NAV") per share was EUR 0.3670. The new NAV reflects the changes to the valuations of the private equity positions outlined above.

Quarterly report

A quarterly report which details the activities of the Company for the quarter ended 31 December 2016 will be issued in due course by the Adviser of the Company.

For further information, please contact:

Reconstruction Capital II Limited

Ion Florescu/Anca Moraru

Tel: +40 21 3167680

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/Carolyn Sansom

Tel: +44 (0) 20 7383 5100

This information is provided by RNS

The company news service from the London Stock Exchange

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