Palmaris Capital: IPO Update | Company Announcements

Friday 30 July, 2010

Palmaris Capital

IPO Update

RNS Number : 3134Q

Palmaris Capital PLC

30 July 2010

Palmaris Capital Plc

("Palmaris" or the "Company")

IPO Update

The Board of Palmaris notes the announcement released today by Scottish Resources Group Limited ("SRG"), which stated "notwithstanding a well received road show to institutional investors in a challenging market for initial public offerings, the selling shareholders in SRG have decided that marketing securities should be paused for the summer. The selling shareholders intend the process to re-commence after summer". Accordingly, the Company expects to update the market as and when appropriate and in any event by early Q4, 2010.

For further information contact:

Greg Melgaard, Managing Director

www.palmariscapital.com

07799 657 553

John Llewellyn-Lloyd/Harry Stockdale, Execution Noble & Company Limited

(Nominated Adviser)

0207 456 9191

Ends

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