Interim Management Statement

Dunedin Enterprise Inv Trust PLC
19 September 2007

Dunedin Enterprise Investment Trust PLC (Company No SC52844) - Interim
Management Statement

Dunedin Enterprise Investment Trust PLC ('Dunedin Enterprise') specialises in
the provision of private equity finance.  This is the first Interim Management
Statement issued by Dunedin Enterprise in accordance with the Rule 4.3 of the UK
Listing Authority's Disclosure Rules and Transparency Rules. This Interim
Management Statement relates to the three month period from 1 May 2007 to 31
July 2007.

1.      Financial Position and Performance

      In the quarter to 31 July 2007, the unaudited net asset per share of
Dunedin Enterprise rose from 541.9p at 30 April 2007 to 544.1p at 31 July 2007,
an increase of 0.4%. The share price fell from 462p on 30 April 2007 to 439p on
31 July 2007, a movement of -5.0%. This compares to a decrease in the FTSE Small
Cap Index ex investment companies during the same period of -5.0%.

      The discount of the share price to net asset value per share rose from
14.7% on 30 April 2007 to 19.3% on 31 July 2007.

2.      Material Events and Transactions

In the three months to 31 July 2007, Dunedin Enterprise received a total of £20m
from realisations including the sale of Zenith Vehicle Contracts and the
recapitalisation of Practice Plan.

In the three months to 31 July 2007 Dunedin Enterprise invested £28m in
aggregate. This included investments in four listed private equity companies:
CapMan PLC, Deutsche Beteiligungs AG, Dinamia Capital Privado and GIMV n.v.; the
buyout of Fernau Avionics and the recapitalisation of Practice Plan.

For further information on Dunedin Enterprise please go to www.dunedin.com





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