* Daily Mail and General Trust plc Announces
               Final Results in respect of its Tender Offer for its
                     £165,000,000 10 per cent. Bonds due 2021

                * and £349,703,000 5.75 per cent. Bonds due 2018

  * NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
    UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE
    U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN
    MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
    COLUMBIA OR IN ANY OTHER JURISDICTION IN WHICH IT IS UNLAWFUL TO DISTRIBUTE
    THIS DOCUMENT

  * 30 September 2014. Further to its announcement earlier today, 30 September
    2014, Daily Mail and General Trust plc (the Company) now announces the
    final results for its separate invitations to holders of its outstanding £
    165,000,000 10 per cent. Bonds due 2021 (ISIN: XS0064908592) (the 2021
    Bonds) and its outstanding £349,703,000 5.75 per cent. Bonds due 2018
    (ISIN: XS0170485204) (the 2018 Bonds and, together with the 2021 Bonds, the
    Bonds) to tender their Bonds for purchase by the Company for cash (each
    such invitation an Offer and together the Offers).

  * The Offers were announced on 22 September 2014 and were made on the terms
    and subject to the conditions contained in the tender offer memorandum
    dated 22 September 2014 (the Tender Offer Memorandum) prepared by the
    Company, and are subject to the offer restrictions set out below and as
    more fully described in the Tender Offer Memorandum. Capitalised terms used
    in this announcement but not defined have the meanings given to them in the
    Tender Offer Memorandum.

  * The Expiration Deadline for the Offers was 4.00 p.m. (London time) on 29
    September 2014.

  * Final Results

  * The Company has decided to accept valid tenders of 2021 Bonds and,
    accordingly, the Company will accept all valid tenders of 2021 Bonds in
    full, with no pro rata scaling, and the 2021 Bonds Acceptance Amount will
    be £92,840,000.

  * The Company has decided to set the 2018 Bonds Acceptance Amount at £
    56,465,000 and, accordingly, the Company will accept for purchase all valid
    tenders of 2018 Bonds with pro rata scaling at a Scaling Factor of 0.4x, as
    further described in the Tender Offer Memorandum.

  * Final pricing for the Offers took place at or around 10.00 a.m. (London
    time) today, 30 September 2014. The cash purchase price the Company will
    pay for 2021 Bonds validly tendered and accepted for purchase will be
    139.467 per cent. of the nominal amount of the relevant 2021 Bonds. The
    Company will also pay Accrued Interest in respect of the 2021 Bonds
    accepted for purchase pursuant to the relevant Offer equal to 4.777777 per
    cent. of the nominal amount of the relevant 2021 Bonds. The cash purchase
    price the Company will pay for 2018 Bonds validly tendered and accepted for
    purchase will be 112.639 per cent. of the nominal amount of the relevant
    2018 Bonds. The Company will also pay Accrued Interest in respect of the
    2018 Bonds accepted for purchase pursuant to the relevant Offer equal to
    4.694520 per cent. of the nominal amount of the relevant 2018 Bonds.

Final Pricing for the Offers

  * A summary of the final pricing of the Offers appears below.

  *

  Purchase    Benchmark     Purchase     Purchase     Accrued
   Spread      Security      Yield        Price       Interest
                 Rate

 2021 Bonds    +110 bps    2.069 per    3.194 per   139.467 per   4.777777
                             cent.        cent.        cent.      per cent.

 2018 Bonds    +110 bps    1.410 per    2.526 per   112.639 per   4.694520
                             cent.        cent.        cent.      per cent.

  * The Settlement Date in respect of any Bonds accepted for purchase is
    expected to be 1 October 2014. All Bonds purchased pursuant to the Offers
    will be cancelled and will not be re-sold or re-issued. Accordingly,
    following settlement of the Offers, £7,160,000 in aggregate nominal amount
    of the 2021 Bonds will remain outstanding and £218,536,000 in aggregate
    nominal amount of the 2018 Bonds will remain outstanding (excluding the £
    74,702,000 in aggregate nominal amount of the 2018 Bonds currently held by
    the Company).

  * Lloyds Bank plc and The Royal Bank of Scotland plc are acting as Dealer
    Managers for the Offers, Banco Santander, S.A. and Barclays Bank PLC are
    acting as Co-Dealer Managers for the Offers and Lucid Issuer Services
    Limited is acting as Tender Agent.

  *                             The Dealer Managers

            Lloyds Bank plc                 The Royal Bank of Scotland plc

           10 Gresham Street                        135 Bishopsgate

            London EC2V 7AE                         London EC2M 3UR

            United Kingdom                          United Kingdom

      Telephone: +44 20 7158 2720        Telephone: +44 20 7085 8056 / +44 20
                                                       7678 9896
 Attention: Liability Management Group
                                         Attention: Liability Management Group
                Email:
liability.management@lloydsbanking.com    Email: liabilitymanagement@rbs.com

  * The Co-Dealer Managers

         * Banco Santander, S.A.                   * Barclays Bank PLC

        * Ciudad Grupo Santander                 * 5 The North Colonnade

           * Av Cantabria s/n                        * Canary Wharf

      * Edificio Encinar - Planta 0                 * London E14 4BB

           * 28660 - Boadilla                       * United Kingdom

                * Madrid

                 * Spain

  * The Tender Agent

                         Lucid Issuer Services Limited

                                  * Leroy House

                                * 436 Essex Road

                                 * London N1 3QP

                                * United Kingdom

                          * Telephone: +44 20 7704 0880

                           * Attention: David Shilson

                           * Email: dmgt@lucid-is.com

  * DISCLAIMER This announcement must be read in conjunction with the Tender
    Offer Memorandum. No offer or invitation to acquire any Bonds is being made
    pursuant to this announcement. The distribution of this announcement and
    the Tender Offer Memorandum in certain jurisdictions may be restricted by
    law. Persons into whose possession this announcement and/or the Tender
    Offer Memorandum comes are required by each of the Company, the Dealer
    Managers and the Tender Agent to inform themselves about, and to observe,
    any such restrictions.

Copyright r 30 PR Newswire

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