Dunedin Ent.it. Regulatory News (DNE)

To: RNS

From: Dunedin Enterprise Investment Trust PLC ("the Company")

Date: 18 August 2020

LEI: 213800E2VLUZ5AF9Z434

Hawksford partial realisation

Dunedin Enterprise Investment Trust PLC is pleased to announce a proposed injection of growth capital from a new majority investor into Hawksford, a leading provider of corporate, private client and fund services, together with a partial realisation of its investment.

Dunedin Enterprise will retain a 5% interest in Hawksford. The transaction is subject to regulatory approval in both Jersey and Singapore.

The investment in Hawksford was valued at £6.9m at 30 June 2020. Proceeds to Dunedin Enterprise from the proposed transaction will amount to £6.9m, consisting of capital of £6.3m and income of £0.6m.

Proceeds are dependent upon regulatory approval being received which is expected to take around six months.

For further information please contact:

Dunedin LLP

Graeme Murray 0131 718 2310