Craven House Capital : Update on Pressfit Holdings

21 October 2014

Craven House Capital Plc

("Craven House" or the "Company")

Update on Pressfit Holdings

Further to the Company's announcement dated 1 August 2014, Craven House announces that Pressfit Holdings Plc ("Pressfit"), a specialist manufacturer and distributor of stainless and carbon steel press fittings and one of the Company's largest investments, has announced that AMCO Group (as defined in Pressfit's Admission Document) no longer expects to be able to place orders to the value of £1,500,000 during 2014, as anticipated at the time of Pressfit's Admission to AIM.

Pressfit has announced that whilst a number of orders have been received from the AMCO Group, the timing of further orders has been delayed owing, in part, to seasonal demand patterns for piping products.  Pressfit has also announced that the AMCO Group expects to place at least £200,000 worth of orders in the coming two months and has confirmed to Pressfit that any shortfall in orders placed during 2014 is expected to be covered by the end of June 2015.

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www.cravenhousecapital.com