Huntingdon Capital Corp : August, 13, 2013 Huntingdon Capital Corp. completes substantial issuer bid resulting in increased net book value

HUNTINGDON CAPITAL CORP

HUNTINGDON CAPITAL CORP. COMPLETES SUBSTANTIAL ISSUER BID RESULTING IN INCREASED NET BOOK VALUE

RICHMOND, B.C., AUGUST 13, 2013 - Huntingdon Capital Corp. (the "Corporation" or "Huntingdon") (TSX: HNT, HNT.DB and HNT.WT) announced today the results of its substantial issuer bid by way of modified "Dutch Auction" (the "Offer"), pursuant to which the Corporation offered to purchase for cancellation up to $10 million in value of its outstanding common shares from shareholders at a price of not less than $12.50 per common share and not more than $13.00 per common share. The Offer expired at 5:00 p.m. (Toronto time) on August 9,
2013.
Based on the final report provided by the depositary for the Offer, a total of 2,358,789 common shares were validly deposited and not withdrawn under the Offer. Pursuant to the terms of the Offer, the Corporation has determined the purchase price to be $12.50 per common share. The Corporation will take up 800,000 common shares for aggregate consideration of $10 million. These common shares represent approximately 7.3% of the total common shares issued and outstanding as of August 9, 2013 and, following the purchase and cancellation of these common shares, approximately 10,198,221 common shares will remain outstanding. The issuer bid was an accretive transaction for remaining shareholders as the pro forma net book value per common share as at June 30, 2013 increased by $0.29 per common share to $15.74 per common share.
Take-up and payment for all common shares validly deposited and accepted for purchase under the Offer will be made as soon as practicable in accordance with the Offer.
The full details of the Offer are described in the Corporation's offer to purchase and issuer bid circular dated July 5, 2013, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which are available on SEDAR at www.sedar.com.
The Corporation's normal course issuer bid, which was suspended with the announcement of the Offer, is expected to resume on or about August 14, 2013 in accordance with applicable securities laws.
Huntingdon is a real estate operating company listed on the TSX (Common Shares: HNT; Debentures: HNT.DB; Warrants: HNT.WT). Huntingdon owns and manages a portfolio of 36 industrial, office, retail and aviation-related properties throughout Canada that have a total gross leasable area of 2.7 million square feet. In addition, Huntingdon owns an approximate 26% interest in FAM Real Estate Investment Trust (the "REIT") (TSX: F.UN, F.WT) and manages, on behalf of the REIT, a portfolio of 27 industrial, office, and retail properties throughout Canada that have a gross leasable area of 1.7 million square feet.

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Forward-Looking Information:

Certain statements contained in this press release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking statements in this press release include the timing for take up and payment for common shares validly deposited and accepted for purchase under the Offer, as well as the timing for the resumption of Huntingdon's normal course issuer bid. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations including, but not limited to, the risks detailed from time to time in Huntingdon's filings with Canadian provincial securities regulators, including its most recent annual information form and management's discussion and analysis. Huntingdon cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and Huntingdon does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change, except as required by applicable law.

FOR FURTHER INFORMATION PLEASE CONTACT:
Zachary R. George, Chairman of the Board of Directors, President and Chief Executive Officer
Tel: [phone]
Fax: [phone]
Email: [e-mail]

The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

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