For Immediate Release 18 October 2016

ELEPHANT CAPITAL PLC ("Elephant Capital") Disposal of Investment

Elephant Capital announces that it has, through its subsidiary company, realised its holdings, in Global Cricket Ventures Limited ("GCV"), for a cash consideration of USD 1.00 million (equivalent to approximately GBP 0.81 million).

The directors will now undertake a review of Elephant Capital's working capital requirements in a cost and tax effective manner with a view to maximising any surplus to its shareholders.

A further announcement, regarding the return of capital, will be made on receipt of proceeds by Elephant Capital C.

For further information please contact:

Vincent Campbell, Chairman Gaurav Burman

Elephant Capital plc

+44 (0) 1624 682 216

+44 (0) 207 629 9524

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Elephant Capital plc published this content on 18 October 2016 and is solely responsible for the information contained herein.
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