BKWD Brookwell D

TIDMBKWD

RNS Number : 9082R

Brookwell Limited

11 November 2011

Brookwell Limited

Annual reporting requirements in respect of Reporting Fund Status

Brookwell Limited ("the Company") announces that as per the statement in the Company's Annual Report 2011, its D Shares have been accepted by HM Revenue and Customs ("HMRC") as a reporting fund under The Offshore Funds (Tax) Regulations 2009. The directors consider it in the interests of the D Shareholders for the Company to hold such status. Under this regime, the general position is that gains realised by UK resident investors on the disposal of an interest in a reporting fund will be taxed under capital gains rather than income, although such investors will be taxable on any reportable income of the fund on an annual basis. The Company appointed Grant Thornton UK LLP to prepare its initial application and subsequent reporting income calculations to the HMRC.

As part of the Company's ongoing obligations as a reporting fund, it must announce its "reporting income", for the period to the 30 June 2011. Details of this are provided below:

   a)   the amount of income distributed to investors per unit of interest in the fund 

Nil

b) the excess amount of reportable income per unit of interest in the fund in excess of the amount distributed

Nil

c) the dates on which distributions were made

Not applicable

d) the fund distribution date

31 December 2011

The Company confirm's that it remains a reporting fund on the date of issue of this advice.

For further information please contact:

Brookwell Limited

Hannah Girard Tel: 01481 726 034

Progressive AIM Realisation Limited (Investment manager)

Robert Legget / Ross Courtier Tel: 020 7566 5550

Deloitte Corporate Finance (Nominated adviser)

Jonathan Hinton / James Lewis Tel: 020 7936 3000

Marshall Securities Limited (Broker)

John Webb Tel: 020 7490 3788

11 November 2011

Website: www.brookwelllimited.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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