Sale of Investment

Dunedin Enterprise Inv Trust PLC
07 April 2006


For Immediate Release: Friday 7 April 2006


  Dunedin Enterprise Investment Trust PLC completes Sale of Calsafe Group
                              (Holdings) Ltd.


Dunedin Enterprise Investment Trust PLC ('Dunedin Enterprise'), the private
equity investment trust which invests in UK mid-market management buyouts,
announces the completion of the sale of its holding in Calsafe Group (Holdings)
Ltd ('Calsafe') to Champion Enterprises Inc USA ('Champion') for £62 million.
Calsafe operates in the UK and Europe through its subsidiary company Caledonian
Building Systems Ltd ('Caledonian').

Dunedin Enterprise has received £16.5 million from the sale of Calsafe which
represents an uplift of £6.6 million to Dunedin Enterprise's valuation of
Calsafe at 31 October 2005. This equates to 22p per ordinary share. Dunedin
Enterprise invested a total of £3.8 million in the management buyout of Calsafe
in November 2003 and has received £20.6 million in capital and income from this
investment. This represents an IRR of 104% over two and half years and a money
multiple of 5.4 times the original investment.





For further information, please contact:

Dunedin Capital Partners
Brian Scouler, Managing Director, Portfolio     0131 718 2313/07811 262 796

Binns & Co PR Limited
Peter Binns                                     020 7786 9600
Annie Evangeli                                  020 7786 9600/07778 507 162
Chris Steele                                    020 7786 9600/07979 604 687


EDITOR'S NOTES
Dunedin Enterprise Investment Trust PLC
Dunedin Enterprise is managed by Dunedin Capital Partners Limited. Dunedin is an
independent private equity company owned by its directors and staff. The company
specialises in providing equity finance for management buyouts with a
transaction size of £10 - 50 million. It operates throughout the United Kingdom
from its offices in Edinburgh and London.
For more information on Dunedin Enterprise, its portfolio and investment
approach, please visit the website www.dunedin.com







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