F&C Private Eq Trust: Portfolio Update | Company Announcements

Wednesday 06 June, 2007

F&C Private Eq Trust

Portfolio Update

F&C Private Equity Trust PLC
06 June 2007

To:        RNS

Date:    6 June 2007

From:    F&C Private Equity Trust plc

Realisation of Co-investment and positive impact on NAV

F&C Private Equity Trust plc announces that its co-investment in aerospace
components company Global Design Technologies (GDT) has been sold to
Bridgepoint. The sale, which is subject to certain regulatory and competition
clearances, is expected to complete in August and will result in an investment
multiple for F&C Private Equity Trust of 4.2x and an IRR of over 100% since
making the investment on 29th July 2005. The total proceeds to F&C Private
Equity Trust are expected to be £10.8m. Including a 10% discount, the positive
effect on the NAV per B share is 3.5% giving a revised fully diluted NAV of 190p
per B share. This highly successful investment was led by Stirling Square
Capital Partners.

For further information

Hamish Mair   F&C Asset Management PLC   0131 718 1184

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