RNS Number:3386N
Mithras Investment Trust PLC
09 July 2003

Mithras Investment Trust plc

Stock Exchange Announcement

Mithras and other financial investors have signed with Pechiney a mutually
irrevocable agreement to sell and acquire those financial investors'
participations in Aluminum Dunkerque. Completion is to take place on 30 December
2003 subject to payment by Pechiney and remittance of transfer documents by
financial investors. The net effect of this and other movements gives an uplift
of approximately 7 pence per share, on the latest published NAV of 63 pence.

In line with normal practice, the Company will make a formal announcement of its
NAV as at 30 June 2003 to include the effect of the above transaction at the
time it announces its interim results at the beginning of August.








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