Lux 30 Starlight EUR S.A.R.L



FOR IMMEDIATE RELEASE

9 July 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

RECOMMENDED CASH OFFER BY LUX 30 STARLIGHT EUR S.À R.L.("Lux Starlight") FOR THE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF TAMAR European Industrial Fund Limited("TEIF")

Update to irrevocable undertakings

On 16 June 2014 Lux Starlight announced the recommended cash offer by Lux Starlight for the entire issued ordinary share capital of TEIF. In that announcement it was stated that Weiss Asset Management, L.P., in its capacity as investment manager to Brookdale International Partners, LP and Brookdale Global Opportunity Fund had provided an irrevocable undertaking in respect of 18,811,541 TEIF shares representing 13.4 per cent. of the existing issued ordinary share capital of TEIF.

Weiss Asset Management, L.P. subsequently acquired further shares and it was stated in the Offer Document published on 2 July 2014 that the irrevocable related to 19,783,541 TEIF shares representing 14.1 per cent. of the existing issued ordinary share capital of TEIF.

Weiss Asset Management, L.P. has subsequently acquired further TEIF shares and the irrevocable now relates to 20,773,541 TEIF shares representing 14.8 per cent. of the existing issued ordinary share capital of TEIF.

The irrevocable undertaking will cease to be binding: (i) if the Offer lapses or is withdrawn; (ii) on the later of the date the Offer closes for acceptance or becomes unconditional in all respects; or (iii) if any third party offer for the Company is announced at a price that is at least 5 per cent higher than the Offer Price and Lux Starlight does not revise its Offer within 72 hours of the making of such third party offer or Lux Starlight revises its Offer but the revised offer is not at least equal to the third party offer.

Enquiries:

Lux Starlight Tel: +352 26 64 51 21

Oriel Securities (Financial Adviser and Broker )                     Tel: +44 (0)20 7710 7600

Roger Clarke

Tara Morrison


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