Yatu Lau Initial Public Offering

The Yatu Lau Company Limited, a successful property development company, which was initially set up by the late President and Prime Minister, Ratu Sir Kamisese Mara, for the people of his province, has made its initial public offering.

Each share is being sold at F$1.50 - a large discount to what it is actually valued at.

The initial public offering closes on 30 November 2007.

To assist members of the public with their questions on the company and to issue copies of the company's Prospectus, the issue manager, Kontiki Capital, is organising the following public sessions during business hours on Wednesday, 7 November 2007 :

• at the Fiji Development Bank branch, Main Street, Nadi;
• at the Fiji Development Bank branch, 38 Vitogo Parade, Lautoka;
• at the Fiji Development Bank branch, Main Street, Ba;
• at the Kontiki Capital Office, Level 4, Plaza 1, FNPF Boulevard, Suva;
• at the Yatu Lau Office, Yatu Lau Arcade, Rodwell Road, Suva.

For more information, pls call a Kontiki licensed broker representative on telephone (679) 3307284 or (679) 9922923.

Yatu Lau Company raises F$2 million

Kontiki Capital has raised F$2 million for Lauan investment company, Yatu Lau Company Limited. The funds were raised through a private placement of 1.3 million Class B Yatu Lau shares at F$1.50 each with a syndicate of investors put together by Kontiki Capital.

The issue was managed by Kontiki Capital and underwritten by Kontiki Stockbroking.

The transaction followed a restructure of Yatu Lau's share capital to allow non-Lauan participation in the company.

A second phase of fund raising will involve a public offering to raise an between F$1 million F$1.5 million for the company.

Some of the company's directors are children of former President and Prime Minister of Fiji and Tui Nayau, Ratu Sir Kamisese Mara.