Fidelity China Special Situations PLC
Fidelity China Special Situations PLC ("the Company") announces that on 17
February 2012, the Company entered into a Revolving Facility Agreement with
Scotiabank Europe PLC ("the Lender") for US$150,000,000.
On 17 February 2012, a utilisation notice was submitted by the Company to the
Lender requesting the drawdown of a US$100,000,000 tranche which was received
on 21 February 2012, on which date, the Company repaid the remaining
US$100,000,000 under the Revolving Facility Agreement with JP Morgan Chase
Bank.
The Revolving Facility with Scotiabank Europe PLC will be used with the
intention that the proceeds of the facility will be invested in a manner
consistent with the Company's investment objective.
The above transactions leave the gearing and equity exposure levels of the
Company unchanged.
Enquiries:
Christopher Pirnie,
FIL Investments International, Company Secretary 01737 837929
21 February 2012
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