Terra Capital PLC : Result of AGM

10 June 2013

TERRA CAPITAL PLC("the Company")

AGM Results

Terra Capital plc (AIM:TCA), the investment company listed on AIM, announces that at the Annual General Meeting ("AGM") held today at 10.00am, the following resolutions were duly passed, with 91% of the shares in issue being voted in favour of all resolutions and none against:

ORDINARY RESOLUTIONS

Resolution 1

The Report of the Directors, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year to 31 December 2012 were received and adopted.

Resolution 2

KPMG Audit LLC Isle of Man were re-appointed as auditors of the Company for the year to 31 December 2013.

Resolution 3

The directors were authorised to determine the remuneration of the Auditors.

Resolution 4

Mr Filip Montfort who retired in accordance with the Articles of Association was re-elected a director of the Company.

Resolution 5

The Company be authorised to make market purchases of its own shares as follows:

i)          the maximum number of shares authorised to be purchased is up to 14.99 per cent of the shares in issue at the time of the passing of this resolution;

ii)         the minimum price which may be paid for each Ordinary Share is 10 US cents per share;

iii)         the maximum price which may be paid for an Ordinary Share shall not be more than 5 per cent above the average of the middle market quotations for an Ordinary Share for the five business days immediately preceding the date on which the Ordinary Share is purchased; and

iv)        this authority will expire on the earlier of 15 months from the passing of this resolution or the conclusion of the next annual general meeting.

SPECIAL RESOLUTION

Resolution 6

Subject to the confirmation of the High Court of Justice of the Isle of Man, the amount standing to the credit of the share premium account of the Company be cancelled in accordance with section 56 of the Companies Act 1931 and Article 13 of the Company's Articles of Association, and that the sums arising from such cancellation be credited to the Company's distributable reserves.

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