WSAG Woodburne Sq

TIDMWSAG

RNS Number : 4389K

Woodburne Square AG PLC

14 July 2011

14 July 2011

WOODBURNE SQUARE AG PLC

("Woodburne Square" or the "Company")

QUARTERLY NAV UPDATE

The Board of Woodburne Square, the silver and precious metals focused investment company, apologises to shareholders for delays in announcing its quarterly Net Asset Value (NAV) which were down to key personel being unavailable to finalise numbers.

The NAV per share fell from 3.37p to 2.77p during the three months ended 07 July 2011. In the six months since the inception of the new investment strategy, the NAV has increased by 9.9%.

Woodburne Square is focused upon investments within high quality silver companies listed on the TSX, AMEX and, together with some special situations in gold and the UK market. Its investments and assets as at 07 July 2011 are split as follows:

Cash GBP11,672

Value of investments quoted on the TSX GBP1,159,465

Value of investments quoted on the AMEX GBP146,475

Value of investments quoted on UK exchanges GBP640,140

Total Value of Assets GBP1,957,152

Woodburne Square will next release its NAV as at 07 November 2011.

Tom Winnifrith, Chief Investment Officer, commented:

"Despite a compelling bull case for Silver, which has become increasingly apparent since the reported period ended, silver and gold mining equities have performed woefully so far in 2011.

"The Global X Silver Miner ETF grew its NAV by just 3.8% in the six months to 07 July 2011 and against that backdrop our performance is more than credible.

"We note that fund manager Eric Sprott's target of $100 per silver oz within two years makes our own target of $60 seem cautious. However, given the operational gearing and the high quality silver plays we hold we remain very confident about our near and medium term prospects."

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For further information please contact

Woodburne Square Ag plc

Martin Kiersnowski, Chairman

Tel: 0207 562 3350

Tom Winnifrith, Chief Investment Officer 01624 676848

Libertas Capital Corporate Finance Limited

Sandy Jamieson

Tel: 0207 569 9650

Rivington Street Corporate Finance

Dru Edmonstone

Tel: 020 7562 3350

Bishopsgate Communications

Laura Stevens/Giang Nguyen

Tel: 0207 562 3350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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