TIDMQIL

RNS Number : 6925J

Qannas Investments Limited

06 December 2018

Qannas Investments Limited

("Qannas" or the "Company")

Investment in Project Three

Qannas Investments Limited, the closed-ended investment company listed on the AIM market, is pleased to announce that it has participated in "Project Three", being a consortium debt investment with an annual interest rate of 9.75% in an independent UAE based Investment Firm, with operations in education, energy, construction, insurance, and other businesses. Qannas provided AED 34 million (approx. $9.3 million) of an overall loan of AED 250 million (approx. US$68.1 million). The investment is secured against units in the Goldilocks Fund (in which Qannas is already invested) with a current market value significantly greater than the value of the loan.

For further information please contact:

Qannas Investments Limited Tel: 01534 844 806

Nadia Trehiou

ADCM Ltd. (Investment Manager) Tel: +971 2 639 0099

Mustafa Kheriba

finnCap Ltd Tel: 020 7220 0500

Henrik Persson/William Marle (Corporate Finance)

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December 06, 2018 06:35 ET (11:35 GMT)

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