Dunedin Ent.it. Regulatory News (DNE)

Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Japan, New Zealand or the Republic of South Africa or any other jurisdiction in which the same would be unlawful

30 March 2012

DUNEDIN ENTERPRISE INVESTMENT trust plc

TENDER OFFER

On 16 February 2012, the Board announced that, following the sale of the Company's investment in SWIP Private Equity Fund of Funds II plc for an aggregate cash consideration of approximately €17.37 million and in accordance with the Company's distribution policy announced on 1 November 2011, the Board was proposing to return approximately £14.31 million of the sale proceeds via a tender offer for up to 10 per cent. of the Shares currently in issue at a price of 475p per Share (the "Tender Offer"), equivalent to a 12.2 per cent. discount to the NAV per Share as at 31 December 2011. 

A circular to Shareholders setting out the terms and conditions of the Tender Offer and instructions on how Shareholders may participate in the Tender Offer, should they wish to do so, and convening a general meeting of the Company to seek Shareholder approval of the Tender Offer will be despatched to Shareholders later today. A copy of that circular will also be submitted to the National Storage Mechanism later today and will be available for inspection at www.hemscott.com/nsm.do.

The expected timetable for the Tender Offer is as follows:

2012

Latest date and time for receipt of Forms of Directionfor General Meeting 5.00 p.m. on Monday, 16 April

Latest time and date for receipt of Forms of Proxy andappointments of proxies utilising CREST electronic proxyappointment service for General Meeting 12.30 p.m. on Thursday, 19 April

General Meeting 12.30 p.m. on Monday, 23 April

Latest time and date for receipt of Tender Forms andTTE Instructions in CREST for Tender Offer 3.00 p.m. on Monday, 23 April

Record date for Tender Offer close of business on Monday, 23 April

Result of Tender Offer announced Tuesday, 24 April

Payments through CREST made in respect of Sharesheld in uncertificated form successfully tendered Friday, 27 April

CREST accounts settled in respect ofunsold tendered Shares held in uncertificated form Friday, 27 April

Cheques despatched in respect of Shares held in certificatedform successfully tendered by Monday, 30 April

Balancing certificates despatched in respect ofunsold tendered Shares held in certificated form by Friday, 4 May

Shares successfully tendered pursuant to the Tender Offer will not qualify for the final dividend of 5.0p per Share for the year ended 31 December 2011, which will be paid, subject to Shareholder approval, on Friday, 25 May 2012 to Shareholders on the register at close of business on Friday, 4 May 2012.

Enquiries

Notes

Words and expressions defined in the circular to Shareholders dated 30 March 2012 have the same meanings when used in this announcement.

Canaccord Genuity, which is authorised and regulated in the United Kingdom by the FSA, is acting solely for Dunedin Enterprise Investment Trust plc and for no one else, in connection with the Tender Offer and will not be responsible to anyone other than Dunedin Enterprise Investment Trust plc for providing the protections afforded to clients of Canaccord Genuity or for affording advice in relation to the Tender Offer.