EDL Edenville Energy Plc

RNS No 2446b
EXMOOR DUAL INVESTMENT TRUST PLC
13th July 1998


      EXMOOR DUAL INVESTMENT TRUST PLC ("THE COMPANY")
                              
                              
       RESULTS OF THE EXTRORDINARY GENERAL MEETING AND
               SEPARATE GENERAL CLASS MEETINGS
  NET ASSET VALUE PER ORDINARY SHARE ON THE VALUATION DATE
    RESULT OF THE OFFER TO SHAREHOLDERS AND THE LEVEL OF
               CLAWBACK UNDER THE PLACING AND
                 RESULT OF THE CASH ELECTION
                              
                              
The Board announces that at the Separate General Meetings of
Ordinary Shareholders, Income Shareholders and Zero Coupon
Preference Shareholders and at the Extraordinary General
Meeting of the Company, all held earlier today, each
resolution proposed at those meetings, to approve, inter
alia, the variation of class rights, the issue of New Shares
pursuant to the Placing and Offer, the adoption of new
Articles of Association and the change of name of the
Company, were duly passed.

The Chairman also reported that as at the close of business
on Wednesday 8 July, 1998, the Net Asset Value of an
existing Ordinary Share of 25p ("Ordinary Shares") was
102.98p.  Accordingly, the Ordinary Reorganisation Price is
68.9966p and results in 5,174,745 Ordinary Shares, 5,467,500
Income Shares and 16,065,000 Zero Coupon Preference Shares
being in issue, following the Reorganisation becoming
effective on 20 July,1998.

The Placing and Offer will comprise 34,592,500 New Ordinary
Shares, 34,299,745 New Income Shares and 63,469,490 New Zero
Coupon Preference Shares.

Applications received under the Offer for 275,700 New
Ordinary Shares, 4,690,960 New Income Shares and 261,051 New
Zero Coupon Preference Shares from existing shareholders
will be satisfied in full.  The New Income Shares will be
scaled back, pro rata, from placees procured by Hoare Govett
Limited.  Accordingly, placees will receive approximately
86.32 per cent. of their placing commitment.  For
administrative ease, the small number of shares the subject
of applications under the Offer for New Ordinary Shares and
New Zero Dividend Preference will be clawed back, in total,
from Hoare Govett's placing commitment and, accordingly, all
other placees will receive 100% of their placing commitment.

Separate dealings in the New Ordinary Shares, New Income
Shares and New Zero Coupon Preference Shares are expected to
commence on Monday 20 July, 1998.

Ordinary Shareholders and Income Shareholders have elected
to sell 1,012,230 Ordinary Shares and 378,490 Income Shares
and will receive 68.65p and 72.53p per Ordinary Shares and
Income Share respectively (99.5% of the Ordinary
Reorganisation Price of 68.9966p and of the Income
Reorganisation Price of 72.90p respectively) pursuant to the
Cash Election.  Shareholders who have elected to sell, will
have payment of the proceeds despatched to them by cheque on
20 July, 1998 (if shares are held in certificated form) or
as soon as practicable thereafter.  Alternatively, the
appropriate assured payment obligation will be made in
favour of the relevant CREST stock account on the date of
admission (where those shares are held in uncertificated
form).

Enquiries:

Peter Gray                             Tel: 0171 632 4508
Exmoor Dual Investment Trust
PLC

Howard Myles/William Rogers            Tel: 0171 567 8000
Warburg Dillon Read                                      
                                                         
Bob Cowdell                            Tel: 0171 601 0101
Hoare Govett Limited


The directors of Exmoor Dual Investment Trust PLC accept
responsibility for the information contained in this
announcement.  To the best of the knowledge and belief of
the directors of Exmoor Dual Investment Trust PLC (who have
taken all reasonable care to ensure that such is the case)
the information for which they are responsible is in
accordance with the facts and does not omit anything likely
to affect the import of such information.

Warburg Dillon Read is acting as a financial adviser to
Exmoor Dual Investment Trust PLC and is not acting for any
other persons and will not be responsible to any other
persons for providing the protections afforded to customers
of Warburg Dillon Read or for advising them on the proposals
described in this announcement.

Hoare Govett Limited is acting as a financial adviser to the
re-organisation and sponsor to the placing and offer and is
not acting for any other persons and will not be responsible
to any other persons for providing the protections afforded
to customers of Hoare Govett Limited or for advising them on
the proposals described in this announcement.


END

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