DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

Net Asset Value • May 1, 2018

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RNS Number : 6327M

Dunedin Enterprise Inv Trust PLC

01 May 2018

Dunedin Enterprise Investment Trust PLC

Preliminary Unaudited Net Asset Value announcement for 31 March 2018

The Board of Dunedin Enterprise Investment Trust PLC is pleased to announce a preliminary unaudited net asset value of 451.9p per share as at 31 March 2018.  The net asset value per share is stated before the payment of the final dividend of 5.5p which, following the AGM, will be payable on 17 May 2018.

The net asset value per share at 31 December 2017 was 489.2p per share.  During the quarter to 31 March 2018 a second B share issue was undertaken returning 50p per ordinary share to shareholders.

The preliminary unaudited net asset value has been calculated using the underlying managers' latest valuations (including those received since 31 March 2018), which remain subject to review by the Board of Directors.  Based on those valuations, as at 31 March 2018, the Company's unlisted investments were valued at £69.0m.  The Company also held cash of £22.8m and other net current assets of £1.5m as at 31 March 2018.  Total net assets at 31 March 2018 amounted to £93.3m.

The finalised net asset value per share will be published on 10 May 2018.

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