Viking Capital Limited To List Nzax

Viking Capital Limited To List Nzax

Viking Capital Limited announced that it intends to list on the NZAX this morning, 28 June 2006, at 11.00am .

Brent King, Viking Capital’s Chairman and Managing Director, said that “the offer of shares and warrants was well supported. We have had a lot of interest from a broad range of investors. Institutional interest was also strong though many found it hard to invest at this stage.”

Under its prospectus dated 2 June 2006, Viking Capital Limited sought to raise a minimum of approximately $8,000,000 through an offer of shares at $0.25c per share.

At the close of the offer period, Viking Capital Limited had successfully raised in excess of $12.4million (inclusive of the staff share plan shares).

Directors King, Grant Baker and Sir William Birch said they were pleased with the response and looking forward to the challenge ahead.

King added that “the Viking Capital directors believe the reshaping of the New Zealand economy over the next five years presents great opportunity for astute investment strategies executed well. At Viking, we have the strategy, networks, know-how and skill to capitalize on this for our investors.”

“The Viking Capital Limited subscription take-up is a vote of confidence in the Directors and announces our shareholders expectations of significant rewards over time”, King said.

Application has been made to NZX for permission to list the shares and warrants on the NZAX, and all requirements of NZX relating thereto that can be complied with on or before the date of the prospectus have been complied with. However, NZX does not accept responsibility for any statement in the prospectus.

Ends

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