RAB Special Situations : Voluntary Liquidation

28 June 2016

RAB Special Situations Company Limited

('RSS' or the 'Company')

Results of Extraordinary General Meeting

The Board of Directors of RAB Special Situations Company Limited (the 'Board') announces that, at the Extraordinary General Meeting held today at 9.00 a.m., the Special Resolution was passed.

The passing of the Special Resolution:

· Placed the Company into voluntary liquidation;

· Appointed Collenette Jones Limited, Guernsey as liquidator of the Company (the 'Liquidator');

· Approved the remuneration of the Liquidator on the basis set out in the circular to shareholders of the Company dated 27 May 2016;

· Granted full authority to the Liquidator to distribute the assets of the Company in cash and/or in specie, in accordance with the Company's articles of association; and

· Granted approval for the admission of the Company's ordinary shares to trading on the AIM market of the London Stock Exchange plc be cancelled in accordance with Rule 41 of the AIM Rules for Companies.

Capitalised terms and expressions have the same meanings as those attributed to them in the Company's Circular dated 27 May 2016.

The total number of votes cast was 48,864,810 which represents approximately 76.37 per cent. of the Company's total voting rights. 48,614,810 shares voted in favour of the resolution and 250,000 shares voted against. Therefore the resolution was carried.

The Company also announces the resignation of Mr Hodson, Mr Wetherhill and Mr Wilson from the Board.

	Elysium Fund Management Limited PO Box 650 1 Floor Royal Chambers St Julian's Avenue St Peter Port Guernsey GY1 3JX Tel: [phone] e-mail: [e-mail]	RAB Capital Limited No. 1 Adam Street London WC2N 6LE David Hince Tel: [phone]
	Panmure Gordon (UK) Limited One New Change London EC4M 9AF Richard Gray / Andrew Potts / Adam James Tel: [phone]