Dunedin Enterprise Investment Trust

For release 09:00 23 October 2013

Dunedin Enterprise Investment Trust PLC

Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") has now completed the exit from its investment in Practice Plan at the level previously indicated. Practice Plan is a leading UK provider of membership plans and other support services to dental practices. The sale to Wesleyan Assurance Society had been subject to regulatory approval which has now been granted. This represents the third portfolio exit for Dunedin Enterprise this year, following the sale of its investment in FSN Capital in May 2013 and in Egeria in February 2013.

Total proceeds from the investment on completion will amount to £14.9m, consisting of capital of £9.0m and income of £5.9m.

The cost of the investment at 30 June 2013 was £5.6m. The capital gain on realisation of the investment amounts to £3.4m, at least 50% of which (£1.7m) will be returned to shareholders in due course.

Dunedin, the manager of Dunedin Enterprise, backed the MBO of Practice Plan in September 2005. In October 2011 Practice Plan acquired Isoplan, a UK dental plan provider, and Medenta, the market leader in dental patient finance.

ENDS