ARCH Arc Capital

RNS Number:3275R
ARC Capital Holdings Limited
01 April 2008

1 April 2008



                          ARC CAPITAL HOLDINGS LIMITED

       ARCH Announces Equity Fundraising to Target Opportunities in China



LONDON, 1 April-ARC Capital Holdings Limited (the "Company" or "ARCH") (AIM:
ARCH), a closed-end investment company admitted to trading on the AIM market of
the London Stock Exchange plc, is pleased to announce it is undertaking a third
round of equity fundraising to target further investment opportunities in China.



The Company intends to raise approximately US$130 million by way of a limited
private offer for subscription of new ordinary shares (the "Fundraising").
Existing shareholders will be offered a pre-emptive preference of one (1) new
ordinary share for each five (5) ordinary shares held on 1 April 2008.



ARCH and its investment manager, ARC Capital Partners Limited ("ARC Capital"),
have identified a strong pipeline of current investment opportunities of
approximately US$300 million. ARCH intends to invest in these opportunities
either alone or with co-investors.  It is proposed that a substantial proportion
of the proceeds of the Fundraising will be applied to the current pipeline. ARC
Capital believes the pipeline deals are accretive to the current portfolio in
terms of valuation and growth. The net proceeds of the Fundraising are expected
to be committed quickly.



Pre-emptive Preference for Existing Shareholders



There will be a pre-emptive preference for the Company's existing shareholders
who are invited to participate in the Fundraising. In the event subscriptions
need to be scaled-back, existing shareholders who are invited to participate in
the Fundraising will be guaranteed to receive a preferential allocation in
relation to the new ordinary shares available for subscription of at least one
(1) new ordinary share for each five (5) ordinary shares held on 1 April 2008.



The anticipated closing date for the Fundraising is 28 April 2008 and an
application will be made to admit the new ordinary shares for trading on AIM,
currently expected to occur on or about 30 April 2008.  A further announcement
will be made upon completion of the Fundraising.


Timetable



The timetable for the Fundraising will be as follows:


Cut off date to be eligible for pre-emptive preference:         1 April 2008
Subscription agreements distributed to selected investors:      2 April 2008
Roadshow:                                                       2 - 18 April 2008
Last date for receipt of completed subscription agreements to   5pm GMT Monday 21 April 2008
be eligible for the pre-emptive preference:
Closing date for receipt of all completed subscription          5pm GMT Wednesday 23 April 2008
agreements
Share allocations and notifications                             Friday 25 April 2008
Settlement date                                                 Wednesday 30 April 2008





Should you require more information about the Fundraising, please contact:




MANAGER:                                              LEGAL COUNSEL:

Allan Liu, Managing Partner                           Jon Lewis, General Counsel

ARC Capital Partners Limited                          Pacific Alliance Group

Suite 4703                                            16/F St. John's Building

Plaza 66, Tower 2                                     33 Garden Road

1366 Nanjing Road West                                Central, Hong Kong

Shanghai, China 200040                                Tel: +852 29180088

Tel: +8621 6113 5818                                  Fax: +852 29180881

Fax: +8621 6113 5806                                  jlewis@pacific-alliance.com

info@arccapitalchina.com




BROKER:                                               NOMINATED ADVISER:

Hiroshi Funaki                                        Philip Secrett

LCF Edmond de Rothschild Securities                   Grant Thornton Corporate Finance

Tel: +44 20 7845 5960                                 Tel: +44 7383 5100

Fax: +44 20 7845 5961                                 Philip.J.Secrett@gtuk.com

funds@lcfr.co.uk




MEDIA RELATIONS:                                      MEDIA RELATIONS:

Sophie Hoggarth                                       Christine Wood/David Cranmer

Pacific Alliance Group                                Financial Dynamics, London

Tel: +86 21 61135818                                  Tel: +44 207 269 7100

shoggarth@pacific-alliance.com

                                                      Alastair Hetherington/Winnie Lo

                                                      Financial Dynamics, Asia

                                                      Tel: +852 3716 9800






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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