GIR Gart.Irish

 
TIDMGIR 
 
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR 
INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN 
 
                        GARTMORE IRISH GROWTH FUND PLC 
 
                             PROPOSED TENDER OFFER 
 
                                 7 August 2009 
 
The Board of Gartmore Irish Growth Fund plc has concluded its review of the 
Company's position and proposes that a tender offer be made for up to 30 per 
cent of the Company's issued share capital (the "Tender Offer"). The price of 
the Tender Offer will be set at a level which will enable those shareholders 
who wish to realise shares in the Company to do so at a price which is closer 
to net asset value than can currently be achieved through selling in the 
market, whilst also ensuring that shareholders who do not wish to tender their 
shares are not disadvantaged. 
 
Under the Tender Offer, shareholders (other than certain overseas persons) will 
be able to tender up to 30 per cent of their holdings ("Basic Entitlement"). 
Shareholders will also be able to tender additional shares which will be 
satisfied to the extent that other shareholders tender less than their Basic 
Entitlement. 
 
The Tender Offer will be made at a purchase price that represents a discount of 
8 per cent to net asset value per share on the Calculation Date. The shares 
purchased under the Tender Offer will give rise to an asset value uplift for 
those shareholders who continue with their investment in the Company. 
 
The Tender Offer will be made by Winterflood Securities Limited who will act as 
principal and purchase the shares by means of on market purchases and sell them 
on to the Company. The purchase of shares by the Company will be funded from 
cash resources and the proceeds of the sale of investments. 
 
The Tender Offer will be subject to the approval of shareholders and it is 
expected that a shareholder circular to convene the Extraordinary General 
Meeting of the Company to approve the proposed Tender Offer will be despatched 
in September 2009. The record date for the Tender Offer will be 5 p.m. on 12 
August 2009 and it is expected that the Tender Offer will be completed in 
October 2009. 
 
The Directors will not be tendering any of their shares under the proposed 
Tender Offer. 
 
The Board intends to continue to apply its discount management policy in normal 
market conditions. 
 
Enquiries: 
 
Melissa Gallagher                       020 7782 2124 
 
Gartmore Investment Limited 
 
Robin Archibald/Katie Standley          020 3100 0290/0297 
 
Winterflood Investment Trusts 
 
 
 
END 
 

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