DREF Duet Real Est

TIDMDREF

RNS Number : 9960S

Duet Real Estate Finance Limited

29 December 2016

29 December 2016

Duet Real Estate Finance Limited

("DREF" or the "Company")

Investment Update

The board of the Company is pleased to announce that the remaining portion of the Master Fund's Dutch Office loan (Loan 10) has been sold, earning returns in-line with its investment criteria. The Company's share of the proceeds realised by the Master Fund from this loan totals GBP0.68 million, equivalent to 0.95 pence per share.

Except for the UK Healthcare loan (Loan 5) which remains fully written down, there is now one investment, the Belgian offices loan (Loan 11), to be realised by the Master Fund before it is wound up and the Company fully realises its investment in the Master Fund. It is anticipated that this will happen early in the New Year and the board will make an announcement shortly thereafter as to how the Company will return its cash to shareholders in the most efficient and cost effective manner.

For further information, please contact:

   DRC Capital LLP                        +44 (0)20 7042 0600 

Dale Lattanzio

Cyrus Korat

   Stifel Nicolaus Europe Limited                 +44 (0)20 7710 7600 

Neil Winward

Mark Bloomfield

Tunga Chigovanyika

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 29, 2016 11:24 ET (16:24 GMT)

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