Dorchester Finance confirms second principal repayment to investors

30 March 2009

Dorchester Pacific Ltd advises that its subsidiary Dorchester Finance Ltd has paid to Secured Debenture Holders the second instalment of principal payable under the Deferred Repayment Plan (“DRP”).

The amount so far paid to Secured Debenture Holders represents 25% of the total principal repayable under the DRP.  A further 5% is due to be paid on 30 June 2009.

Executive Director, Mr. Paul Byrnes, said:
“We are satisfied with the progress we are making under the Deferred Repayment Plan and are currently ahead of expectations in relation to our cash position.  We are well on track to make the next principal repayment on 30 June 2009.”


ENDS