Completion of disposal of Local World stake

DAILY MAIL & GENERAL TRUST PLC - Completion of disposal of Local World stake

PR Newswire

London, November 13

13 November 2015

Daily Mail and General Trust plc (‘DMGT’)

Completion of disposal of Local World stake to Trinity Mirror

Following the announcement, on 28 October 2015, of the proposed disposal of DMGT’s 38.7% equity stake in Local World Holdings Limited (“Local World”), the UK regional news publisher, to Trinity Mirror plc (“Trinity Mirror”), DMGT confirms completion of the transaction on the same terms. All Local World shareholders have disposed of the entirety of their respective shareholdings to Trinity Mirror, with Trinity Mirror acquiring all of the shares in Local World in addition to its prior 20% holding. DMGT’s share of the consideration, net of transaction costs, was £73 million.

For further information

For analyst and institutional enquiries:

Stephen Daintith, Finance Director, DMGT +44 20 3615 2902

Adam Webster, Head of Management Information and Investor Relations, DMGT +44 20 3615 2903

For media enquiries:

Kim Fletcher / Charlie Potter, Brunswick Group LLP +44 20 7404 5959

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