Thawer Ashcroft Crowne & Co Withdraws its Offer to Purchase 49% of Stock in Trust Holdings Limited., (THL:ZH) Zimbabwe.

ATLANTA, GA (November 27, 2012) - Thawer Ashcroft Crowne & Co., Announced today that it has withdrew its offer to purchase up to 49% of stock at a premium of 35% of the last closing

Atlanta, GA (prHWY.com) November 29, 2012 - ATLANTA, GA (November 27, 2012) - Thawer Ashcroft Crowne and Co., Announced today that it has withdrew its offer to purchase up to 49% of stock at a premium of 35% of the last closing and purchase of US$100M credit enhanced bonds of Trust Holdings Limited. This decision was reached by the Partners of Thawer Ashcroft Crowne and Co after the executive management and board members of Trust failed to execute and deliver the revised agreements upon mutually agreed terms and conditions and provide necessary documentation for the purpose of due diligence.

Rahim Thawer, Thawer Ashcroft Crowne and Company's Managing Partner said "We believe that our vision as a major shareholder and a long-term financial sponsor in Trust may not have resonated well with the current management due to various internal constraints and inefficiencies at Trust. Our investment approach is based on competitive achievement basis and constant growth agenda with transparency and enterprise value creation for the shareholders, which we now believe may not have been parallel with current management of Trust." Further to these comments, David Wong, Thawer Ashcroft Crowne and Company's Analyst added "THL stock is illiquid due to a number of internal company agendas and challenges. As a shareholder, I would be concerned with the direction of the company."

Thawer Ashcroft Crowne and Co, LLC. a Thawer Ashcroft Crowne and Private Equity Firm was founded after a series of acquisitions of venture capital portfolios and commitments to companies through secondary market exits. Headquartered in Atlanta, Georgia and has over 14 dedicated associates who share a commitment in making a positive difference in the investment society by upholding high ethical standards and by creating intricate financial models that can sustain today's volatile economy and embracing entrepreneurship through investing in ventures through flexible capital via direct and syndicated funds. Thawer Ashcroft Crowne and Co, LLC, currently manages over 8 Venture Capital and Private Equity Funds registered and incorporated in various domicile. Funds (current): Thawer and Co Fund III, LLC, Thawer and Co, Fund IV, LLC, Thawer and Co Fund V, LLC, Thawer Hybrid Fund, LLP and Thawer International Fund, LLP, Thawer Equity Partners I, II and III, LLP. Funds (2012/13): Thawer and Co Arbitrage Fund, LLP, Thawer and Co European PE Fund, LLP and Thawer and Co Africa PE Fund, LLP.

Thawer Ashcroft Crown and Co. Contact:
Sara, Public Relations
pr@thawerco.com
http://www.thawerco.com

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