Redemption of Debt

Dunedin Income Growth Inv Tst PLC
06 July 2005


For immediate release

6 July 2005


DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC

Notice of meeting

Redemption of £40 million 11.5 per cent debenture stock 2016


The Board wishes to reduce the amount of the Company's debt that cannot be
repaid flexibly and redrawn at its discretion, and has concluded that the most
appropriate way to do this would be to redeem the above stock early.

Accordingly, the Company will today give notice to holders of the above stock
convening a meeting on 29 July 2005 to consider a proposal to repay the stock
early at a price equivalent to 0.30 per cent over the yield on the 8% Treasury
Stock 2015, plus accrued interest, as more fully described in the circular
accompanying the notice.

The Company has consulted the holders of approximately 90% of the Stock, who
have indicated their intention to vote in favour of the proposal.

The Company intends to finance the redemption from current cash and cash
equivalents together with a new flexible bank facility, with the present
intention of maintaining equity exposure at around the current level.


Further information:

William Hemmings, Aberdeen Asset Management     020 7463 6000
Ian Massie, Aberdeen Asset Management,          0131 313 1000
Francis Burkitt, JPMorgan Cazenove,             020 7155 4924



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