Regulatory News Item
Dec 28, 2012

Investment in IPSO Ventures plc ("Ipso")

Paternoster announces that it has subscribed for 40,000,000 new ordinary shares in Ipso at a price of 0.25 pence per share and £100,000 of 10% unsecured convertible loan stock convertible at 0.25 pence per share, as part of Ipso's restructuring, which includes, inter alia, the disposal of its existing business, the adoption of a new investing policy focused on the natural resources sector and its change of name to Plutus Resources plc. This represents an investment, in aggregate, of £200,000 and would give Paternoster a 27.9% share holding in Ipso before the conversion of the loan stock.

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