Portfolio Update

Dunedin Enterprise Inv Trust PLC
02 May 2007

Dunedin Enterprise Investment Trust PLC





Investment in SWIP Private Equity Fund of Funds II PLC ('SWIP II PLC'or the '
Company')




•   Dunedin Enterprise Investment Trust PLC has subscribed €22 million
(approx £15 million) for 22,000,000 C Ordinary shares of €1 each in the Company



•   SWIP II PLC is incorporated in Ireland as a closed end investment
company with variable capital and authorised by the Financial Regulator pursuant
to Part XIII of the Companies Act 1990



•   The Company has acquired a portfolio of 40 private equity fund
commitments from Scottish Widows plc in return for shares in the Company



•   The Company's portfolio is managed by Scottish Widows Investment
Partnership Limited



•   The portfolio comprises commitments to large pan-European buyout
funds, mid-market European buyout funds, European and US venture and bioscience
funds, a mezzanine and a secondaries fund



•   The portfolio of fund commitments comprise vintage years 2000 to 2007



•   SWIP II PLC will make commitments to further private equity funds over
the coming three years






                      This information is provided by RNS
            The company news service from the London Stock Exchange