First interim distribution under the Default Scheme

 
TIDMFIT TIDMFIT1 TIDMFIT2 
 
Framlington Innovative Growth Trust PLC (in members' voluntary liquidation) 
 
First interim distribution under the Default Scheme 
 
In accordance with the Default Scheme, the liquidators have today declared a 
first interim distribution of GBP2.95 per Ordinary Share with "A" rights to 
shareholders who elected or were deemed to have elected to receive cash in the 
liquidation. Cheques in respect of the distribution are expected be despatched 
to shareholders on or shortly after 10 November 2010. 
 
The banking system used by companies in liquidation, operated by the Department 
of Business, Innovation and Skills ("BIS"), was closed while systems were 
upgraded until 18 October 2010 and its reopening delayed by technical problems 
at BIS stretching into the week ended 5 November 2010. Accordingly, the 
distribution has been made at the earliest possible opportunity available to 
the liquidators. 
 
The first distribution represent the amounts received for realising 85% per 
cent of the portfolio which had a value of 296p per share as at the Default 
Scheme Calculation Date. A second distribution is anticipated before the end of 
the year by which time the realisation of the Default Scheme Cash Pool by the 
Manager should be complete. The board is pleased at the progress that has been 
made in realising the portfolio and the values obtained for selling the 
investments. 
 
Enquiries 
 
James Eldridge 
 
Grant Thornton UK LLP 
 
020 7865 2391 
 
9 November 2010 
 
 
 
END