Paul Hastings Advises Sherborne Investors on London Listing

March 09, 2010

London (March 9, 2010)- Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised Sherborne Investors on the capital raise and listing of Sherborne Investors (Guernsey) A Limited on AIM. The transaction is valued at £105 million.

New York partner, Michael Zuppone, and London partner, Ronan OSullivan, led the Paul Hastings team which included New York partner, Andrew Short, of counsel, Keith Pisani, and associates, Jonathan Shenkman, Ross McNaughton and Bryan Gallagher. Sherborne Investors (Guernsey) A Limited is a limited partner in SIGA, LP, a Guernsey domiciled limited partnership. SIGA, LP has been set up as an investment vehicle with an investment policy to invest in a company which is publicly quoted on a UK stock exchange, which it considers to be undervalued as a result of operational deficiencies and which it believes can be rectified by Sherborne Investors active involvement.

Under the terms of the transaction, Sherborne Investors (Guernsey) A Limited will issue 105 million shares at £1 each. RBS Hoare Govett Limited acted as nominated adviser, bookrunner and broker.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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