Caledonian Tst. Regulatory News (CNN)

8 Feb 2005 16:17

Caledonian Trust PLC08 February 2005 For immediate release 8 February 2005 Caledonian Trust PLC ("Caledonian Trust" or "the Company") Statement re Settlement of Dilapidations Claim at St Margaret's House The Company is pleased to announce that they have reached a settlement with theScottish Ministers who have agreed to pay £2.1 million plus judicial expenses inrespect of the claim by the Company for dilapidations on the termination of thelease of St Margaret's House in November 2002. St Margaret's is the Company'slargest property in Edinburgh. The Company raised an action against theScottish Ministers in January 2003 in the Commercial Court for payment in termsof the lease following the serving of a dilapidations schedule in December 2002.Settlement was reached in advance of the proof to be heard by Lord Mackay setfor 18 January 2005. St Margaret's House is a 92,845 sq ft(2) open plan office located on a site of1.7 acres near the new Scottish Parliament and Edinburgh city centre with aprominent frontage to the A1. For further information please contact: Mike Baynham, Finance Director Tel: 0131 220 0416 Alasdair Robinson/Nick Athanas, Noble & Company Limited Tel: 0131 225 9677 END This information is provided by RNS The company news service from the London Stock Exchange