Press speculation

11 March 2011

Hot Tuna plc, a leading surf wear and fashion brand, notes the recent press speculation and price movement. The Board wishes to clarify that, as disclosed at the time of the Company's trading update announced on 21 February 2011, the Board continues to consider how best to support the planned development of Hot Tuna as a surf wear and fashion brand. The Company has no plans to move into mining. As part of the planned development for the brand, the Company is seeking to raise approximately £1.3 million at 0.14p per ordinary share.  The Company hopes to be in a position to announce full details of the placing shortly.



Hot Tuna (International) PLC
Geoff O'Connell, CEO
 Tel: 020 7440 0644
Pelham Bell Pottinger
Dan de Belder/ Lucy Frankland
 Tel: 020 7861 3885
Seymour Pierce Limited
Mark Percy / Catherine Leftley
 Tel: 020 7107 8000


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