New Bank Facility

Dunedin Income Growth Inv Tst PLC
02 August 2005


2 August 2005


DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC
New bank facility


The Company announces that it has arranged a new £40,000,000 three year bank
facility from ING Bank N.V., London Branch, of which £35,000,000 has been drawn
down.  Drawings can be repaid and redrawn at the Company's discretion over the
next three years.

These new borrowings have been arranged in connection with the recent early
redemption of the Company's £40,000,000 11.5 per cent debenture stock 2016 at a
price of £156.597 per £100 nominal (i.e. a cash cost of £62.6 million).  When
this was announced on 6 July, the Company stated that it was undertaking the
redemption because it wished 'to reduce the amount of the Company's debt that
cannot be repaid flexibly and redrawn at its discretion', and stated that it
intended 'to finance the redemption from current cash or cash equivalents
together with a new flexible bank facility, with the present intention of
maintaining gearing around the current level'.


Further information:

William Hemmings, Aberdeen Asset Management 020 7436 6223
Francis Burkitt, JPMorgan Cazenove, 020 7155 4924


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