Repayment of Preference Stock

DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC
3 September 1999

As sanctioned at the annual general meeting of the Company
held on 27 April 1999 the repayment of the Preference Stock
becomes effective on 6 September 1999 upon registration of the
court order with the Registrar of Companies.  The register of
the Preference Stock will close at the close of business on 3
September 1999 and no further settlement of Preference Stock
held in uncertificated form in CREST will take place with
effect from the close of business on 3 September
1999.


For Dunedin Income Growth Investment Trust PLC
Edinburgh Fund Managers plc, SECRETARY