HERMES PACIFIC INVESTMENTS PLC
(AIM: HPAC)

Issue of Equity

Hermes Pacific Investments plc (“HPAC” or the “Company”) announces that it has completed a share subscription raising £4,160,000 through the issue of 416,000,000 new ordinary shares of 0.5p each, at a placing price of 1p per new ordinary share (“New Ordinary Shares”).

Placing

The Company has raised £4,160,000 before expenses, through the placing of 416,000,000 New Ordinary Shares. The New Ordinary Shares have been placed with three existing shareholders and one new investor. The New Ordinary Shares have been allotted by the Company under authorities granted by shareholders at the last Annual General Meeting of the Company held on 25 October 2012.

The New Ordinary Shares represent approximately 89 per cent. of the Enlarged Share Capital. The Enlarged Share Capital comprises 50,658,844 Ordinary Shares.

The proceeds of the Placing will provide the Company with general working capital to enable it to further implement its investing policy.

Following the issue of the New Ordinary Shares, the Directors have been informed of the following significant shareholders (as defined in the AIM Rules) and their respective holdings in the Company:

As substantial shareholders in the Company the participation of Hermes Group Assets Limited, Audley Registrars Limited and Marglaw Secretarial Services Limited in the Placing is classified under the AIM Rules as a related party transaction. The directors of HPAC, having consulted with the Company’s nominated adviser, WH Ireland Limited, consider that the terms of this transaction are fair and reasonable insofar as the Company’s shareholders are concerned.

Completion of the Placing is conditional on admission of the New Ordinary Shares to trading on AIM.  Accordingly, application has been made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 19 July 2013 (“Admission”).

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that, immediately following Admission, its issued share capital will consist of 466,658,844 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use these figures as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

For further information please contact:

Hermes Pacific Investments Plc
Haresh Kanabar, Non-Executive Chairman                                              Tel:  +44 (0)  207 290 3340

WH Ireland Limited (Nominated Adviser & Broker)
Marc Davies/ Mike Coe                                                                             Tel:  +44 (0) 117 945 3470

Note to Editors:

The Company’s investment policy was approved by shareholders at a general meeting of the Company held on 20 August 2012.   The proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition of an equity interest; may be in companies, partnerships, joint ventures; or direct interests in projects in South East Asia including, but not limited to, investments in the financial sector. The Company’s equity interest in a proposed investment may range from a minority position to 100 per cent. ownership.

The Company will identify and assess potential investment targets and where it believes   further investigation is required and subject to assessment of potential risk, intends to appoint appropriately qualified advisers to assist.

The Company proposes to carry out a project review process in which all material aspects of any potential investment will be subject to due diligence, as considered appropriate by the Board. It is likely that the Company’s financial resources will be invested in a small number of projects  or  potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules.

Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require Shareholder approval. The possibility of building a broader portfolio of investment assets has not, however, been excluded.

The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends. Given the nature of the Company’s Investment Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.