Jasper Investments Completes Neptune Oil & Gas Share Acquisition

Jasper Investments Limited, a Singapore investment holding company whose controlling shareholders are funds managed by the Ashmore Group of UK, has completed their acquisition of approximately 55.44% of the total issued shares in the Neptune Marine Oil & Gas Ltd ("Neptune") from Primepoint Holdings Ltd, a company controlled by Mr. Idar A. Iversen for a consideration of US $198.5 million.

The Ashmore Group is one of the world's leading emerging market investment managers. As of June 2007, it manages approximately US $32 billion in assets


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