Trikona TC extends its partnership with German fund manager

London, UK, April 01, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in Indian real estate and infrastructure, and managed by Trikona Capital, extends its strategic partnership with SachsenFonds Holdings GmbH ("SF"), a leading German fund manager with €4.7 billion of assets under management, by signing a Memorandum of Understanding (MoU) with a transaction value worth approximately £80 million. Under the terms of the MoU, SF will acquire certain assets from Trikona TC and co-invest in new projects.

In December 2007, Trikona TC laid the foundation for this strategic partnership when it divested part of its asset portfolio to SF for an aggregate sale price of £32 million for a cash-on-cash return of 108%, excluding fees and transaction costs. The previous sale, plus the current MoU and SF's agreement in principle to undertake a third transaction later in the year will bring the aggregate investment by SF to over £160 million.

In accordance with the terms of the MoU, Trikona TC would further divest part of its equity share holdings in several of its off-shore entities that own Indian residential and commercial projects for an aggregate sale price of £63 million. Additionally, SF would invest £17 million alongside Trikona TC to begin development of new real-estate projects. Tentatively scheduled to close by 30 April 2008, the divestments are expected to yield returns for Trikona TC comparable to those realised in the first transaction with SF, while providing SF its targeted return.

Trikona TC is committed to creating shareholders' value through investing at early stage, building companies and projects and strategically converting those investments into cash which in turn can be redeployed in higher return investments.

Aashish Kalra, Managing Director of Trikona Capital, said: "We have consistently delivered on our business plan and continue to make money for our investors as a result of our execution capabilities. Despite challenging market conditions, the gains for our shareholders help build positive momentum within the fund. This agreement demonstrates our ability to create valuable long-term partnerships resilient to adverse market conditions, and should serve as a model for future Trikona TC partnerships."