ARC Capital Holdings Limited Orient Home Arbitration Award (4744Q)

TIDMARCH

RNS Number : 4744Q

ARC Capital Holdings Limited

17 June 2015

For Immediate Release

ARC Capital Holdings Limited

Orient Home Arbitration Award

The Board of ARC Capital Holdings Limited ("ARCH") (AIM: ARCH) is pleased to announce that on 16 June 2015, the China International Economic and Trade Arbitration Commission ("CIETAC") unanimously ruled that the Orient Home Group shall be required to refund Shanghai C.P. Jing Cheng Enterprise Development Co. Ltd. ("Shanghai CP JC") (a subsidiary of ARCH) the entire RMB480 million deposit (equivalent to approximately US$77.3 million) relating to the acquisition of a majority stake in Orient Home Industrial Co., Ltd ("Orient Home Property") in December 2010.

CIETAC also ruled that the Orient Home Group shall pay Shanghai CP JC late payment interest calculated from 5 March 2011 to the actual payment date, applying the lending interest over the same period as published by the People's Bank of China, as well as the arbitration fee of approximately RMB4.4 million (equivalent to approximately US$0.7 million).

The Board of ARCH is consulting with its advisers on the means of enforcing the award to ensure a prompt recovery of the sums due to Shanghai CP JC.

The carrying value of the claim in ARCH's NAV is currently RMB 250 million (approximately US$41 million), and the Board has resolved to keep this unchanged.

Further updates on this matter will be provided in due course.

Enquiries

For further information, please contact:

ARC Capital Holdings Limited

Alpay Ece / Sean Hurst

Tel: +44 (0)20 7845 5950

Edmond de Rothschild Securities (UK) Limited

William Marle

Tel: +44 (0)20 7845 5950

John Armstrong-Denby

Tel: +44 (0)20 7845 5950

Hiroshi Funaki