Result of Tender Offer

RNS Number : 1100S

Aurora Investment Trust PLC

27 November 2012

AURORA INVESTMENT TRUST plc

The result of the Tender Offer made by Cenkos Securities Limited on the terms set out in a circular sent to Shareholders dated 29 October 2012 (the "Circular"), which was approved by Shareholders on 21 November 2012, was as follows:

The Tender Price is 155.2555p per Share, being equal to the Net Asset Value per Share as at the close of business on 23 November 2012, less the expenses of the Tender Offer and a further 9% discount.

The total number of Shares available to be purchased under the Tender Offer is 1,155,225 being 10% of the 11,552,250 Shares in issue. The Basic Entitlement of each Shareholder is 10% of their holdings as at the Record Date.

Valid tenders were received from Shareholders who held in aggregate 6,542,160 Shares at the Record Date for the Tender Offer. Their guaranteed entitlements, being the lower of the number of Shares they tendered or their Basic Entitlements, amount to 651,200 Shares in aggregate.

503,991 Shares will be purchased pro rata to the amount tendered by each Shareholder who submitted a valid application for a tender in excess of that Shareholder's Basic Entitlement entitlement. Excess tenders will be satisfied to the extent of approximately 11.14 per cent of the excess Shares tendered.

The Shares purchased by the company will be held in treasury. Following the settlement of the Tender Offer, which is expected to be made as soon as practicable after 7 December 2012, there will be 10,397,059 voting Shares in issue.

Capitalised terms in this announcement have the same meaning as in the Circular.

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