Uplift in Major Holding

3 Nov 2005 10:19

F&C Private Equity Trust PLC03 November 2005 To: Company Announcements Date: 3 November 2005 Company: F&C Private Equity Trust plc Subject: Uplift in Major Holding Uplift in Major Holding F&C Private Equity Trust plc has a shareholding in the parent company of PizzaExpress, Gondola Holdings plc. This is a co-investment alongside TDR Capital.Today Gondola Holdings was listed on the London Stock Exchange giving rise to anuplift in value for F&C Private Equity Trust's holding. At the listing price, and after taking an appropriate discount to reflect thelock-in provisions, the increase in net asset value is 10.7p per B share. Thisrepresents an increase of 8.2 per cent on the net asset value at 31 July 2005 of130.2p. For further information contact Hamish Mair, F&C Asset Management Plc (0131 465 1184 or 07775 954 497) or Alastair Moreton, Arbuthnot Securities Limited (0207 012 2138) This information is provided by RNS The company news service from the London Stock Exchange