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3i UK Select Trust (UKT)

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Monday 08 May, 2000

3i UK Select Trust

Issue of Equity, etc

3i UK Select Trust Ld
5 May 2000

Re: issue of scrip dividend shares, purchase of shares and revised number of
shares in issue.

3i UK Select Trust Limited announces the issue today of 782,311 new shares as
scrip dividend shares in respect of the final dividend for the year ended 31st
December 1999.

3i UK Select also announces the purchase by the Company on 5 May 2000 of 50,000
of its own ordinary shares at a price of 106p per share, for cancellation.

Following the purchase cancellation and the scrip dividend issue there will be
57,319,558 shares in issue.

Enquiries Karen Huxley on 020 7975 3284