Fairfax I.S. PLC (“Fairfax”) has successfully raised £116.6m for Terra Catalyst Fund (the “Company” or “TCF”). The Company has been admitted to AIM and commenced trading today at 8.00 a.m. on the London Stock Exchange (LSE:TCF).

TCF is a newly incorporated, closed-ended Cayman Islands registered, company established to invest in listed property companies and funds either resident or active in Europe, with the primary strategy to take positions in undervalued securities and actively seeking to close the valuation gap between the value at which the security is trading and its intrinsic value.

The Company’s investment strategy may also involve it making takeover offers for portfolio companies and taking management control of such companies. The Company may also engage in short selling where this is considered appropriate by the Investment Manager.

TCF has been established to achieve an absolute return for its Shareholders (in Sterling) primarily through capital growth by investment in property-related securities. The Directors intend, but are not obliged, to provide Shareholders with returns by way of annual dividends in accordance with the distribution policy.

TCF intends to be substantially fully invested within six months of Admission.

TCF has appointed Laxey Partners Ltd as its investment manager. A catalyst for corporate change and development, Laxey Partners place great emphasis on proactive ownership and shareholders’ rights.