News Column

ABSOLUTE RETURN TRUST LTD - Second Interim Distribution Announcement

May 2, 2014



ABSOLUTE RETURN TRUST LIMITED (IN VOLUNTARY LIQUIDATION) (THE "COMPANY") Second Interim Distribution Announcement At an extraordinary general meeting of the Company held on 20 November 2013, shareholders passed resolutions to wind-up the Company and appoint Ashley Paxton and Linda Johnson of KPMG Channel Islands Limited as joint liquidators (the "Liquidators"). On 19 December 2013 the Liquidators made a first interim distribution payment to holders of Sterling and Euro Redeemable Participating Shares. This distribution payment represented 48.45 percent of the NAV of the Company as at 31 October 2013. The first interim distribution is summarised below: GBPShares: Date Settled Amount paid Proportion of 31 October 2013 NAV returned (GBP per share) 19-Dec-2013 0.603876 48.45% EURShares: Date Settled Amount paid Proportion of 31 October 2013 NAV returned (EUR per share) 19-Dec-2013 0.434480 48.45% In the Circular dated 11 October 2013, it was noted that a second interim distribution payment was anticipated during the first quarter of 2014, following the receipt of the majority of the anticipated redemption proceeds in accordance with the estimated liquidity profile of the Company's assets. The Liquidators became aware that a number of audit hold backs were due to be received during April and May 2014 and therefore the Liquidators decided to postpone the second interim liquidation distribution until after receipt of these amounts. The Liquidators now anticipate that a second interim liquidation distribution will be made to holders of Sterling and Euro Redeemable Participating Shares on or around 30 May 2014 and that, following this payment, cumulative liquidation distribution payments will represent approximately 75 percent of the NAV of the Company as at 31 October 2013. A further announcement will be made to shareholders prior to the second interim liquidation distribution once the final rate and date of the distribution have been determined. Enquiries: The Liquidators Ashley Paxton and Linda Johnson 20 New Street St Peter Port Guernsey GY1 4AN Tel: 01481 741898 Fax: 01481 722373



restructuring@kpmg.guernsey.gg


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Source: PR Newswire (UK Disclosure)