Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Caledonia Inv PLC (CLDN)

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Friday 17 March, 2006

Caledonia Inv PLC

Elective special dividend

Caledonia Investments PLC
17 March 2006

Caledonia Investments plc ('Caledonia')

Proposals for a return of funds to ordinary shareholders

Caledonia announces that it intends to propose a return of funds to shareholders
of up to approximately £125 million.

The proposed return of funds by Caledonia is expected to be implemented by way
of an elective special dividend and capital reduction. Under the proposal,
Caledonia shareholders will be offered the opportunity to receive a special
dividend on a proportion of their ordinary shareholdings. Shares on which a
shareholder elects to receive the special dividend will be cancelled for no
consideration pursuant to a Court approved reduction of capital. The special
dividend per share will be set at a level which will take into account the net
asset value per Caledonia share and the prevailing market price at the time that
full details are announced and will be calculated at a date shortly after the
closing date for receipt of elections from shareholders.

Under the terms of the elective special dividend, it is proposed that
shareholders will be given the following options:

•                     to elect to receive the special dividend on up to their
pro rata entitlements; and

•                     to elect to receive the special dividend on greater than
their pro rata entitlements, with such elections only being accepted to the
extent that other shareholders choose not to participate (the 'over election
option'); or

•                     to elect to receive the special dividend on such number
of shares as will maintain their proportionate interest in Caledonia prior to
the return of funds, in the event that the elections to receive the special
dividend, after taking into account the over election option, are not fully
subscribed.

There will be no obligation on shareholders to elect to participate in the
return of funds.  Shareholders will want to consider both the level of the
elective special dividend, the NAV per share at the time that elections are
made, any potential increase in net asset value per share which would result
from the return of funds and Caledonia's investment strategy.  Shareholders
should also consider their individual circumstances, including their tax
positions.

The Board of Caledonia understands that, if the proposed return of funds is
implemented, The Cayzer Trust Company Ltd, which owns 33.3% of Caledonia's
issued ordinary share capital, is likely to elect to receive a special dividend
which, after taking into account the elections of other shareholders, will
maintain its current percentage shareholding.

The elective special dividend will be financed from Caledonia's internal cash
resources, which at 28 February 2006 were approximately £142 million.

The payment of the elective special dividend will be conditional upon, inter
alia, the approval of ordinary shareholders and the consent of the Court.
Caledonia expects to announce full details of the elective special dividend and
post a circular to shareholders at the same time that it announces its
preliminary results for the year ended 31 March 2006, which will be around the
end of May 2006. Subject to the necessary consents being received, the special
dividend is planned to be paid in July 2006.

Tim Ingram, Chief Executive of Caledonia, comments:

'Given our significant cash position, we believe it is in shareholders'
interests to give them the option, if they so wish, to have cash returned to
them.  Cash that remains in Caledonia will be invested in line with our
continuing long term business strategy, which has produced strong performance
for our shareholders.'


                                                                   17 March 2006
ENQUIRIES:

Caledonia

Tim Ingram, Chief Executive                             Tel: +44 (0)20 7802 8080
Jonathan Cartwright, Finance Director

College Hill

Tony Friend                                             Tel: +44 (0)20 7457 2020
Richard Pearson











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