RNS Number:5815T
F&C Private Equity Trust PLC
03 November 2005

To:                   Company Announcements

Date:                 3 November 2005

Company:              F&C Private Equity Trust plc
                    
Subject:              Uplift in Major Holding





Uplift in Major Holding



F&C Private Equity Trust plc has a shareholding in the parent company of Pizza
Express, Gondola Holdings plc.   This is a co-investment alongside TDR Capital.
Today Gondola Holdings was listed on the London Stock Exchange giving rise to an
uplift in value for F&C Private Equity Trust's holding.



At the listing price, and after taking an appropriate discount to reflect the
lock-in provisions, the increase in net asset value is 10.7p per B share. This
represents an increase of 8.2 per cent on the net asset value at 31 July 2005 of
130.2p.



For further information contact



Hamish Mair, F&C Asset Management Plc (0131 465 1184 or 07775 954 497)

or

Alastair Moreton, Arbuthnot Securities Limited (0207 012 2138)












                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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