Regulatory News Item
Nov 7, 2012

Trading Update

Paternoster is pleased to announce that, as at 30 September 2012, it had unaudited net assets of £3.0 million.

Since 30 September 2012, the Company has made an additional investment in Bison Energy Services Limited ("Bison"), a company focused on the supply of frac sand to the rapidly growing fracking industry in the US.

The Company has also invested in the recent placing of shares in Quadrise Fuels International plc ("Quadrise"). Quadrise has developed technology that lowers the cost of processing the heavy hydrocarbons within a barrel of crude oil thereby increasing the profitability of the oil refining process. As at close of trading on 6 November 2012, Quadrise shares were trading at a 62.5% premium to the placing price.

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