DDIT Stakeholders

 
TIDMDDIT 
 
THE DIRECTORS' DEALING INVESTMENT TRUST PLC 
 
                       Valuation as at 24 December 2009 
 
The Company announces that the Net Asset Value as at 24 December 2009 
(including current period revenue) was 344.03p. This NAV has been reduced by 
the dividend which went ex-dividend on 23 December 2009. 
 
It is important to note that this net asset value is calculated before 
adjustments for the following two factors which require further analysis by the 
new Board of Directors: 
 
 1. Note 4 of the Annual report for the period ended 30 June 2009 referred to 
    an ongoing litigation claim against Unicorn Asset Management. No provisions 
    for the unpaid costs or potential receipts from this claim and related 
    matters have been included in the above net asset value calculation. 
 
 2. There has been no adjustment for the dilution from the issue of the 
    Management Warrants totalling 19,201 for the year ended 30 June 2009. Nor 
    has any adjustment been made for the Management Warrants due to the 3 
    December 2009 which are still in the process of calculation and agreement. 
 
The company's investment portfolio consists of the following: 
 
Capital allocated to Legacy Portfolio:      GBP 3.6m 
 
Capital allocated to Directors' Dealing     GBP 10.7m 
Portfolio: 
 
Gilts, cash, cash equivalents and working   GBP 5.4m 
capital: 
 
For enquiries: 
 
Midas Investment Management Limited - 0161 228 1709 
 
 
 
END 
 

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