Repurchase of Shares

ACM European Enhanced Inc.Fund PLC
24 October 2005



ACM EUROPEAN ENHANCED INCOME FUND PLC

REPURCHASE OF SHARES



24 OCTOBER 2005



In accordance with the intentions set out in the circular to shareholders dated
19 September 2005 and following the passing of the resolution proposed at the
Extraordinary General Meeting held on 13 October 2005 the board of ACM European
Enhanced Income Fund plc (the 'Company') announces that all of the remaining
issued shares in the Company (the 'Shares') will be repurchased on Tuesday 25
October 2005.



The amount payable to Shareholders on the repurchase, being the residual net
asset value per Share after allowing for all related costs of the Share
repurchase arrangements, including the realisation of the Company's portfolio,
will be 71.92 pence per Share.



The proceeds of the Share redemption are expected to be distributed by cheque on
28 October 2005, which is also the scheduled payment date for the Company's
final interim dividend of 1.5p per Share.



The listing of the Shares on the Official List of the Financial Services
Authority (the 'Listing') and dealings in the shares on the London Stock
Exchange (the 'Dealings') were suspended at 7.30 a.m. on 13 October 2005.
Application has been made for the Listing to be cancelled with effect from 7.30
a.m. on 26 October 2005 and no further Dealings are therefore expected.



For further information please contact:



David Benda / Nathan Brown

Winterflood Investment Trusts, Corporate Stockbroker

Tel. [phone] / 5572



Notes:



Winterflood Investment Trusts, a division of Winterflood Securities Limited, is
acting for the Company and will not regard any persons other than the Company as
its customer or be responsible to anyone other than the Company for providing
the protections afforded to customers of Winterflood Securities Limited or for
providing advice in relation to the contents of this announcement.


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