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UK Select Trust Ld (UKT)

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Monday 31 October, 2005

UK Select Trust Ld

Tender Offer EGM

UK Select Trust Limited
31 October 2005

31 October 2005

UK Select Trust Limited


Tender Offer EGM

Introduction

Further to the announcement of 7 October 2005, the Board of Directors of UK
Select Trust Limited (the 'Company') announces that, at an extraordinary general
meeting of the Company's shareholders held earlier today, all resolutions were
passed, including the special resolution proposing the implementation of a
tender offer to purchase up to 50 per cent. of the Company's issued share
capital.

Tender Offer

Applications under the Tender Offer were made in respect of 17,424,767 Shares,
representing 45.7 per cent. of the Company's issued share capital.  As the
Tender Offer is not fully subscribed there will be no scaling back and all
shareholders tendering their shares will have those tendered shares repurchased
in full.


Expected Timetable

The expected timetable for the completion of the Tender Offer and the Matching
Facility is as follows:

Calculation Date                                            1 November 2005

Tender Price announced and                                  4 November 2005
Tender Offer completed


Cheques despatched and CREST          7 November 2005 or as soon as practicable thereafter
payments made for the Tender Offer

Balancing share certificates despatched  7 November 2005 or as soon as practicable thereafter
and CREST accounts settled in respect
of the Tender Offer


Enquiries

Jim Le Pelley                                         01481 719516
Chairman

Tina Pasquire                                         01481 721234
Corporate Services
(Guernsey) Limited

Andrew Zychowski                                     020 7623 8000
Dresdner Kleinwort Wasserstein





Dresdner Kleinwort Wasserstein, which is authorised and 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange