Director/PDMR Shareholding

1.

Name of the issuer

DUNEDIN ENTERPRISE INVESTMENT TRUST PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

DTR 3.1.2R

3.

Name of person discharging managerial responsibilities/director

LIZ AIREY

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

DIRECTOR NAMED IN ITEM 3

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

DIRECTOR NAMED IN ITEM 3

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES OF 25P

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

DIRECTOR NAMED IN ITEM 3

8.

State the nature of the transaction

SALE OF SHARES IN TENDER OFFER

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial instruments relating to shares disposed

2500

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

0.0108%

13.

Price per share or value of transaction

475p

14.

Date and place of transaction

22 October 2013

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

47500 (0.2054%)

16.

Date issuer informed of transaction

22 October 2013