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Dirs' Dealing InvTst (DDIT)

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Tuesday 10 November, 2009

Dirs' Dealing InvTst

Result of Tender offer

For immediate release on 10 November 2009

     The Directors' Dealing Investment Trust Plc ("DDIT" or the "Company")     

                            Result of Tender Offer                             

On 12 October 2009, the Company announced that it had published a Circular to
Shareholders in respect of a Tender Offer for up to approximately 41 per cent.
of the Company's issued share capital which would be available to Shareholders
(other than certain Overseas Shareholders and Restricted Shareholders) on the
Register on the Record Date, being the close of business on 15 October 2009.

In connection with the Tender Offer, the Company confirms that valid Tender
Forms have been received in respect of 3,064,355 Shares, representing 34.9 per
cent. of the issued share capital. Subject to the passing of the Resolutions at
the General Meeting at 11:00am today and the other terms and conditions of the
Tender Offer, Shareholders will have their applications satisfied in full and
all such Shares will be bought back at the Tender Price of 347.3886p per Share
and cancelled by the Company.

Subject to completion of the Tender Offer, the Company's issued share capital
will consist of 5,727,694 Shares (excluding 982,000 Shares which are held in
treasury). The Company has been informed that its largest Shareholder,
Manchester and Metropolitan Investment Ltd which holds 2,619,262 Shares did not
tender any Shares and, accordingly, such Shares will represent 45.7 per cent.
of the Company's issued share capital (excluding Shares held in treasury)
following completion of the Tender Offer.

Graham Bates                            01624 623994                           
Knox D'Arcy Asset Management Ltd                                               
Alastair Moreton                        020 7012 2000                          
Hannah Pearce                                                                  
Arbuthnot Securities Limited                                                   

Capitalised terms used in this announcement will have the same meaning as in
the circular dated 12 October 2009 unless the context requires otherwise.

Arbuthnot Securities Limited, which is regulated by the Financial Services
Authority, is acting for The Directors' Dealing Investment Trust Plc and no-one
else and will not be responsible to any person for providing the protections
afforded to its customers nor for providing advice in relation to the Proposals
nor any other matter referred to in this announcement.


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