Dunedin Ent.it. Regulatory News (DNE)

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16 April 2013

DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

tender offer

On 20 March 2013, the Board announced that £12.5 million was available for distribution to Shareholders. This results from the sale of the Company's investment in Egeria (one of the European Fund investments) and its investment in etc.venues, together with the remaining distributable proceeds from previous realisations. The Board also announced that, in accordance with the Company's distribution policy, it was proposing to return this sum to Shareholders via a tender offer for Shares at a price of 475p per Share. This is equivalent to a 10.8 per cent. discount to the NAV per Share of 532.7p as at 31 December 2012 and a premium of 19.3 per cent. to the closing mid-market price of 398.0p per Share on 12 April 2013. 

The Tender Offer requires Shareholder approval. Such approval will be sought at the annual general meeting of the Company, which will be held at The Sheraton Hotel, 1 Festival Square, Edinburgh EH3 9SR, at 11.00 a.m. on Friday, 17 May 2013. 

A circular to Shareholders setting out the terms and conditions of the Tender Offer and explaining the mechanics 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:

2013

Annual General Meeting 11.00 a.m. on Friday, 17 May

Latest time and date for receipt of Tender Forms andTTE Instructions in CREST for Tender Offer 3.00 p.m. on Friday, 17 May

Record date for Tender Offer close of business on Friday, 17 May

Result of Tender Offer announced Monday, 20 May

Payments through CREST made in respect of Sharesheld in uncertificated form successfully tendered Tuesday, 21 May

CREST accounts settled in respect ofunsold tendered Shares held in uncertificated form Tuesday, 21 May

Cheques despatched in respect of Shares held in certificatedform successfully tendered by Tuesday, 28 May

Balancing certificates despatched in respect ofunsold tendered Shares held in certificated form by Friday, 31 May

Enquiries

Notes

Words and expressions defined in the circular to Shareholders dated 16 April 2013 have the same meanings when used in this announcement.

Cantor Fitzgerald Europe, which is authorised and regulated in the United Kingdom by the FCA, 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 Cantor Fitzgerald Europe or for affording advice in relation to the Tender Offer.