Strategic Investment Update

Global Coal Management PLC
21 February 2007

                   Global Coal Management Plc ('the Company')


                 Update to RNS announcement on January 22, 2007


With reference to the RNS announcement (9035P) released on behalf of Global Coal
Management plc ('GCM') on 22nd January, 2007 the Bangladesh Board of Investment
has approved the investment by GCM in Peoples Telecom and Information Services
Ltd.









21 February 2007














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