Re Contract Termination of Lewis Charles contract


 
TIDMRPF 
 
For immediate release 
 
2 February 2010 
 
 
The Romania Property Fund Limited (the "Company") 
 
            Termination of management agreement effective 
 
 
The Directors of the Company confirm that, as announced on 18 June 2009, the 
termination of the management agreement between the Company and Lewis Charles 
Securities Limited has today taken effect. 
 
In order to retain flexibility and minimise cash outflows, and at a time when 
the operational activities of the company are limited, a new external manager 
has not been appointed at the present time. 
 
With available net cash within the company of GBP518,210 as at 31 December 2010, 
the liquidity position of the Company remains severely restricted.  The board 
continues to seek a longer term solution to the Company's future including its 
liquidity position; however there can be no guarantee of success. 
 
Further announcements will be made in due course, as appropriate. 
 
 
 
For further information, please contact: 
 
Bachmann Fund Administration Limited, Company Secretary 
Tel: 01481 723573 
Fax: 01481 732131 
 
Canaccord Adams 
0207 050 6500 
Robert Finlay 
Henry Fitzgerald-O'Connor

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