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UK Select Trust Ld (UKT)

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Tuesday 26 July, 2005

UK Select Trust Ld

Offer Document - Elm Grove

UK Select Trust Limited
26 July 2005

Offer Document - Elm Grove

The Board of UK Select Trust Limited (the 'Company') has today been informed by
Elm Grove (Caymans) Ltd that its offer document has been posted to shareholders.
The Board will, in due course, issue its own circular to shareholders setting
out its views on the offer.


Jim Le Pelley                                         01481 719516


Tina Pasquire                                        01481 721234

Corporate Services

(Guernsey) Limited

Andrew Zychowski/Joe Winkley                        020 7623 8000

Dresdner Kleinwort Wasserstein

Dresdner Kleinwort Wasserstein, which is regulated by the Financial Services
Authority, is acting for the Company and for no-one else in connection with the
contents of this announcement and will not be responsible to anyone other than
the Company for providing the protections afforded to customers of Dresdner
Kleinwort Wasserstein, or for affording advice in relation to the contents of
this announcement or any matters referred to herein.

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