Literacy Capital plc announced that it has agreed an increase to the limit of its Revolving Credit Facility ("RCF") from £25 million to £30 million, with its existing lender Investec Bank plc. All other terms remain unchanged. Drawings under the RCF as of amount to just under £7 million.

The Company's Borrowing Policy permits "indebtedness of up to a maximum of 20% of its Net Asset Value". However, gearing is expected to remain conservative throughout the term of this facility and leverage would not be expected to exceed 10% of net assets.