Restricted Voting Pool Realisation & Dividend

To: RNS

Date: 23 December 2011

From: F&C Private Equity Trust plc

Significant Realisation Within the Restricted Voting Pool & Special Dividend

The Board is pleased to announce that the Company has received its share of the sale proceeds of Pan American Sports Enterprises, a leading Spanish language pay television channel in the Americas, from within the Hicks Muse Tate & Furst Fund IV portfolio. In total, £1.4 million was received of which £0.9 million is attributable to the Company's Restricted Voting Shares, equivalent to 1.36 pence per Restricted Voting Share. The exit was achieved at a significant premium to the latest carrying value of this holding and consequently it has a material positive effect on the net asset value of the Restricted Voting Pool which has become increasingly concentrated following substantial realisations and distributions since its formation in 2001. The increase in net asset value is equivalent to 0.98 pence per Restricted Voting Share, or 14.0%, based on the valuation as at 30 September 2011.

The Board is therefore pleased to declare a special dividend of 1.60 pence per Restricted Voting Share, which will be payable on 27 January 2012 to shareholders on the register on 6 January 2012. 

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