CUE Cue Energy

RNS No.8864r
CU ENVIRONMENTAL TRUST PLC
20th April 1999

SCHEME OF RECONSTRUCTION
COMPANY NAME
*CU ENVIRONMENTAL TRUST PLC
SECURITY TITLE
*Ord Shs, Wts to Sub for Ord
MNEMONIC CODE       *CUE, CUEW
SEDOL CODE          *162-223, 162-234
TERMS     *Ordinary Shareholders can tender their Ordinary Shares for sale at a
           price equal to the formula asset value on 23-04-99 (the calculation
           date).
          
          Warrant holders can sell their warrants, at 27.5p per warrant, to
          Warburg Dillon Read on behalf of the company (who will then cancel
          them).
PROVISIONAL EFFECTIVE DATE *30-04-99 
RECORD DATE                *23-04-99 
NOTES                      *

END


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