Significant Realisation in Ordinary Share Pool

To: RNS

Date: 12 January 2012

From: F&C Private Equity Trust plc

Significant Realisation Within the Ordinary Share Pool

F&C Private Equity Trust plc ('the Company') announces the sale of its largest holding, Lifeways Community Care Limited, realising proceeds of £13.5 million, a premium of £3.4 million to the Company's latest valuation as at 31 March 2012.

Lifeways Community Care Limited, the UK's market leading provider of supported living services to adults with learning difficulties, has been sold by August Equity LLP to Canadian pension fund OMERS Private Equity. This investment has been held by the Company through the August Equity Partners I fund and directly as a co-investment. The total proceeds to the Company are £13.5 million, representing 3.0x original cost and an IRR of 25% over the holding period of nearly 5 years. The proceeds are £3.4 million above the latest valuation of the holding which is equivalent to 1.9% of the net assets of the Ordinary Share Pool as at 31 March 2012.

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