Trikona Trinity Capital PLC (AIM:TRC) (the “Company”) has today announced (RNS number 5802F) that it has received a notification of claim (the “Notification of Claim”) from Immobilien Development Indien I GmbH & Co. KG (“Immobilien I”) and Immobilien Development Indien II GmbH & Co. KG (“Immobilien II”), limited partnerships incorporated in Germany.

Mumbai, Maharashtra, India, Monday, January 18, 2010 / IndiaPRLine / — Trikona Trinity Capital PLC (AIM:TRC) (the “Company”) has today announced (RNS number 5802F) that it has received a notification of claim (the “Notification of Claim”) from Immobilien Development Indien I GmbH & Co. KG (“Immobilien I”) and Immobilien Development Indien II GmbH & Co. KG (“Immobilien II”), limited partnerships incorporated in Germany. The Company’s notification states that the Notice of Claim raises “serious allegations” against Trikona Advisers Limited (“TAL”) and its principals, Mr Rakshitt Chugh and Mr Aashish Kalra, in relation to certain investments made by both Immobilien I and Immobilien II. TAL denies all allegations against it, and will defend any claims vigorously.

On 10 December 2009, the Company previously announced (RNS number 8837D) that it had sent a notice of termination to TAL in respect of the Portfolio Management Agreement dated 13 April 2006 between the Company, Trinity Capital Mauritius Limited and TAL (the “PMA”) pursuant to which TAL provided management services in respect of the Company’s investment portfolio. Should TRC continue to maintain this notice, TAL will be owed substantial sums of performance and management fees by TRC and will pursue claims as and when necessary. TAL contends that the notice is invalid, and was in any event an unlawful termination not justified under the terms of the PMA.

TAL, Mr Chugh and Mr Kalra – who were, along with the Company, recipients of the Notification of Claim – all deny that they have breached any legal duty owed to Immobilien I, Immobilien II or the Company. They reserve their position and are currently consulting with their professional advisers and may make further announcements in due course.

TAL is one of the leading investment portfolio managers in the market. In a period of unprecedented global turmoil, TAL’s performance in relation to the management of the Company’s assets has created returns of approximately £86 million with an internal rate of return of 97% to the Company. Furthermore, TAL has enabled the release of approximately £20.9 million of cash by renegotiating and reworking certain contracts and, since the Company introduced its new investment policy in March 2009, one investee company, Pipavav Shipyard Limited, has successfully concluded an IPO and two others, IL & FS Transportation Networks (India) Limited and DB Realty Limited have filed for IPOs.