Pyne Gould Corporation Limited : PGC exists balance of van Eyk

NZX ANNOUNCEMENT - FOR IMMEDIATE RELEASE
7 February 2014

PGC exits balance of van Eyk

Pyne Gould Corporation ("PGC") has sold its residual stake in Australian financial services company van Eyk for a price equal to the book value of AU$5.6m.
When PGC sold its cornerstone stake in van Eyk last year it retained an AU$5.6m convertible note. This note was then converted to shares and sold.
This is in line with PGC's strategy of exiting non-core assets as it focuses on the growth of Torchlight and its migration to Guernsey as a prelude to seeking a listing on the London Stock Exchange.

For media enquiry contact:

David Lewis [phone]

Pyne Gould Corporation Limited, PO Box 105731, Auckland City, Auckland, New Zealand www.pgc.co.nz