Result of AGM

At the Company's Annual General Meeting held on 13 December 2007, all
resolutions were duly passed.

The special resolutions passed were as follows:

- The Directors' authority to allot a limited number of currently unissued
ordinary shares for cash, without first offering such shares to existing
ordinary shareholders pro rata to their existing holdings, has been renewed.

- The Company's authority to purchase up to 14.99% of its own shares in issue
as at 1 November 2007 for cancellation has been renewed.

- That the Company continue to carry on business as an investment trust.

Enquiries: Mrs Tracey Cousins, Fidelity Investments International, 01737 836883

13 December 2007