RNS Number : 0399I
  European Equity Tranche Income Ltd.
  12 November 2008
   



    European Equity Tranche Income Limited (the "Company")

    Financing update

    The Company announced on 9 October 2008 that it is in discussions with Citibank regarding its Eur 32 million loan, which has since been
reduced to Eur 30 million, and potential investors to reduce the Company's level of debt.  The Company continues to make payments in full on
its outstanding debt, is generating sufficient cash flow to make further debt reductions and it remains in discussions with a number of
parties. However, the conclusion of negotiations to develop firm debt reduction proposals cannot be assured.  If no such proposals are
forthcoming in the coming weeks the Company is unlikely to be able to continue as a going concern.  A further announcement will be made in
due course.

    Enquiries:

    Ocean Capital Associates LLP
    Edouard Bridel 020 7307 0880

    Alastair Moreton
    Arbuthnot Securities Limited
    Telephone 020 7012 2000

    Anson Fund Managers Limited
    Secretary 01481 722260

    12 November 2008

    E&OE - in transmission

    END OF ANNOUNCEMENT




This information is provided by RNS
The company news service from the London Stock Exchange
 
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