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Octagonal Plc (OCT)

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Wednesday 05 November, 2014

Octagonal Plc

Update on GIS

5 November 2014

                                 Octagonal plc                                 


                                 Update on GIS                                 

Octagonal Plc (AIM: OCT), the investment company whose principal investment is
a 9.97% equity stake in global custody and clearing company, Global Investment
Strategy UK Ltd ("GIS"), announces continuing strong operational performance
from GIS for the quarter ended 30 September 2014.

Trading Summary Update - GIS

  * Settlement values for the quarter exceed US$3.9 billion (approximately £2.4
    billion), up 322% from the US$924 million (approximately £577 million) for
    the same period last year.
  * Total settled transactions for the quarter exceeded 15,000, up 84% from the
    8,142 settlements for the same period last year.
  * GIS signed up over 40 new client accounts during the quarter.

About GIS:

GIS's main business activities are focused on global settlement and safe
custody services for global hedge funds and family wealth offices.

GIS is a London Stock Exchange member firm and is regulated by the FCA to offer
a broad scope of settlement, custody, banking, broking and advisory services to
professional, retail, corporate and eligible counterparty clients. GIS has over
100 counterparty relationships including most major international investments
banks transacting in the UK.

Donald Strang, Octagonal's Chairman, commented;

"Octagonal is seeing continued strong year-on-year growth in the GIS business,
especially considering the northern Hemisphere Summer is historically one of
the quietest quarters during the year."


Octagonal plc                                +44 (0) 20 7440 0640                   
Donald Strang                                                                  
Jason Berry                                                                    
David Lenigas                                                                  

Cairn Financial Advisers LLP                 +44 (0) 20 7148 7900                   
Nominated Adviser and Broker                                                   
James Caithie / Jo Turner / Carolyn Sansom                                            
Square Consulting                            +44 (0) 20 7929 5599                   
Public Relations                                                               
David Bick/ Mark Longson

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