Trikona Advisers Limited Confirms Claim Against Trikona Trinity Capital (TRC) for GBP112,000,000

Statement by Trikona Advisers Limited

LONDON, February 23, 2010 - Brief:

Trikona Advisers Limited ("TAL") today confirms that it will lodge a
claim with the London Court of International Arbitration for GBP112,000,000
for the unlawful attempt by Trikona Trinity Capital Plc (Code "TRC" on AIM)
to terminate its management agreement with the Fund six years early. The
agreement was for ten years from 16 April 2006.

A spokesman for TAL today said "For over two years now TRC has been under
attack from two hedge funds. They took a position in the Fund because of the
successful performance and returns created under the management of TAL, but
are now seeking an exit. These hedge funds have a track record of activism
and for closing down Funds early in the cycle to realise cash for short term
gains, and this is what it is happening to TRC. Other recent examples of
their activism involve Treveria plc (AIM:TRV) the German retail focused real
estate investment company, which had been under pressure to remove four
directors including the Chairman. These funds have also targeted others such
as South African Property Opportunities (AIM:SAPO) and Hirco plc, (AIM:HRCO).

Our management contract stands in the way of their strategy, because it
lasts for ten years, so we are being unfairly treated publicly and falling
victim to their strategy. This has included TRC making public announcements
about alleged breaches under the contract, all of which are denied. We sent a
long, detailed letter to TRC explaining this, and setting out our claims. TAL
will invoke its contractual rights in the strongest terms. TAL will also look
beyond TRC if necessary to recover all of its losses. In the next two weeks,
TAL will commence the process of seeking and obtaining relevant orders from
the London Court of International Arbitration for all due remuneration under
our management contract, which totals approximately GBP112,000,000. "

TAL has instructed a number of law firms to invoke its contractual
rights, including London law firm SJ Berwin LLP to pursue TRC through the
London Court of International Arbitration.

Under the Portfolio Management Agreement with TRC, TAL is engaged to
carry out management services to TRC for a period of ten years from 16 April
2006. The claim comprises management fees and estimated Profit Share payments
due to TAL for the remainder of the term and for opportunities and projects
already introduced and managed by TAL on behalf by the Fund.

ABOUT TRIKONA ADVISERS LIMITED's Performance:

TAL is a leading investment adviser for real estate and infrastructure
assets in India. Preqin analysed private equity real estate returns to 31st
March 2009 in order to provide an independent and unbiased description of the
industry's performance in a period of unprecedented global turmoil. To quote
'Industry Returns are deep in the red over the 12-month period to March 2009.
The asset class only performed marginally worse than the public markets,
however, with returns of -40.5% compared with -38.1% for Standard & Poor's
500 index'.

TAL has advised in realising returns of approximately GBP86 million with
an internal rate of return of 97% for TRC.

TAL has also enabled the release of approximately GBP20.9 million of cash
by renegotiating and reworking certain contractual commitments per the
instructions of Trikona Trinity.

In addition, in the past nine months TAL has enabled through its advise
on investments by TRC in two companies a gain of over 109.47 million pounds
of potential liquidity by way of IPO's of PSL and DBR. TRC invested GBP 39.9
million in the two transactions, representing a return of over 2.74 times and
an IRR of 41.2%.

PSL is the largest diversified shipyard in India with capabilities to tap
the potential in Offshore and Defense applications. TRC holds 45.9 million
shares representing a 6.9% interest in PSL. The shareholding is subject to a
one year lock-in under Indian securities regulations. TRC acquired the shares
at a price of INR 25 per share in January 2007. TRC invested GBP13.5 million
in PSL in January 2007. The INR 54.50 opening price per share on 22 February
2010 implies a market value of approximately GBP 35.07 million at current
exchange rates(GBP 1 = INR 71.3329)

DB Realty is one of the premier Real Estate developer primarily focussed
on Redevelopment Projects in and around Mumbai. DB Realty is scheduled to
list on the 24 February 2010. The DB Realty IPO has been subscribed 2.95
times. TRC, holds 11.34 million shares representing about 4.66% interest in
the equity share capital of DB Realty. TRC acquired the shares at a price of
INR 190 per share in April 2007 by investing GBP 26.4 million. At the lower
price band of INR 468 per share, it implies a market value of GBP 74.40
million at current exchange rates and an IRR of 44.1% with multiple of 2.82x
on an original investment. With this DB Realty has become one of the most
profitable deals for TRC as an Investment in the Indian Real Estate Market.

A third investment viz., ITNL has announced its IPO which is scheduled
for next month. IL&FS Transportation Networks Ltd. (ITNL) is an established
ISO 9000:2001 surface transportation infrastructure company, and is one of
the largest private sector BOT road operators in India. ITNL is a developer,
operator and facilitator of surface transportation infrastructure projects,
taking projects from conceptualization through commissioning to operations
and maintenance. ITNL was incorporated in 2000 by IL&FS, an infrastructure
development and finance company, in order to consolidate their existing road
infrastructure projects and to pursue various new project initiatives in the
area of surface transportation infrastructure. TRC holds 4.28 million shares
representing about 2.50% interest in the equity share capital of ITNL. TRC
acquired the shares at a price of INR 100 per share in October 2006 by
investing GBP 5.10 million. At the Pre-IPO placement price of INR 242 per
share, it implies a market value of GBP 14.52 million at current exchange
rates and an IRR of 36.20% with multiple of 2.85x on an original investment.

CONTACT: Mili Gandhi, +91-22-6780-4800, mili at trikonacapital.com