Correction : Result of EGM

The Strategic Equity Capital Plc Result of EGM announcement released at 14:14
incorrectly stated that the Company name was Strategic Equity Trust Plc.



                                  3 May 2012                                   

                         STRATEGIC EQUITY CAPITAL PLC                          

                           RESULT OF GENERAL MEETING                           

Following the general meeting of the Company, which was held earlier today, the
Board is pleased to announce the passing of the special resolution authorising
the Company to make market purchases of its Shares pursuant to the tender offer
for up to 4 per cent. of the Shares currently in issue at a price that will be
calculated as at close of business on 4 May 2012. The Tender Offer closes at
3.00 p.m. on 4 May 2012.

The proxy voting on the resolution is set out below:

                                                     For        Against

No. of shares voted                                 45,751,005  1,625,700

No. of shares voted as % of shares voted            96.56%      3.43%

No. of shares voted as % of voting share capital    65.24%      2.32%

The full text of the resolution can be found in the circular to Shareholders
dated 30 March 2012 which is available for viewing at the National Storage
Mechanism which can be located at www.hemscott.com/nsm.do and from the
Company's website, www.strategicequitycapital.com.

Enquiries

Sue Inglis - Canaccord Genuity Limited T: 020 7050 6779

Adam Steiner SVG Investment Managers Limited T: 020 7050 8900

Notes

Words and expressions defined in the circular to Shareholders dated 30 March
2012 have the same meanings when used in this announcement.