ABR Absolute Rtn S

TIDMABR

RNS Number : 0450G

Absolute Return Trust Limited

25 June 2012

Absolute Return Trust Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the laws

of Guernsey with registered number 42733)

Proposal not to seek continuation

25 June 2012

After extensive shareholder consultation, the board of Absolute Return Trust Limited has resolved not to seek continuation of the Company.

Notwithstanding a compound increase in the NAV of some 4% per annum since inception, the discount of the Company's share price has steadily widened over recent years. This has occurred despite persistent share buybacks and capital returns at NAV via the operation of the redemption facility. In discussions with shareholders the persistence of the discount was identified as a key investor concern. The Board has explored a variety of ways to address the discount for the benefit of all shareholders and has concluded that in current market conditions there is insufficient demand for a closed ended company that invests in a multi-manager portfolio of hedge funds to warrant continuation.

Proposals will shortly be put to shareholders for putting the company into an orderly wind-down. These proposals constitute a material change to the Company's investment policy and will require shareholder approval before they can be implemented. The Company is currently taking legal and financial advice and a circular convening an Extraordinary General Meeting to seek such approval and containing further details of the managed wind-down process will be circulated to shareholders as soon as practicable.

Enquiries

Peter Vincent 020 7009 9100

Fauchier Partners

Andrew Maiden 01481 74 5638

Northern Trust International Fund

Administration Services (Guernsey) Limited

William Simmonds 020 7588 2828

J.P. Morgan Cazenove

This information is provided by RNS

The company news service from the London Stock Exchange

END

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