Portfolio Update

Dunedin Enterprise Inv Trust PLC
03 August 2005


Quarterly Disclosure

Quarterly Disclosure of 10 largest investments/investments with a value greater
than 5% of Gross Assets

In accordance with revisions to the Listing Rules for investment companies and
investment trusts which are effective as from 1 November 2003, Dunedin
Enterprise Investment Trust PLC (the 'Group') intends to provide details of the
10 largest investments and all investments with a value greater than 5% by value
of the gross assets of the Group in respect of the quarters ending 31 January,
30 April, 31 July and 31 October.

The disclosure will be made using the valuations and consolidated gross assets
from the most recent set of audited annual accounts or reviewed interim accounts
(30 April and 31 October respectively), with adjustments made in respect of the
cost of investment made and realisations since those dates.

On the above basis, as at 31 July 2005 (based on 30 April 2005 valuations) the
following investments have a value greater than 5% of the gross assets of the
Group or are its 10 largest investments:


                                                       % of gross assets

Letts Filofax Group Limited                                   12.2
Davenham Group Holdings Limited                               10.0
Caledonian Building Systems Limited                            7.5
ZVC Group Limited                                              5.5
C.G.I. Group Limited                                           5.1
New Horizons (Childcare) Holdings Limited                      4.6
Dunedin Buyout Fund LP                                         3.5
Portman Holdings Limited                                       3.2
Gardner Group Limited                                          2.9
Total Fitness Group Limited                                    2.8


END

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