Result of EGM

9 November 2010                                

                         STRATEGIC EQUITY CAPITAL PLC                          
                                (THE "COMPANY")                                

                           RESULT OF GENERAL MEETING                           

Following the General Meeting held today, the Company announces the following
results:

Resolution 1 an Ordinary Resolution to amend the Investment Management Agreement
was passed.

Resolution 2 a Special Resolution to adopt new Articles of Association to
reflect best practice under the Companies Act 2006 was not passed.

The proxy voting on both resolutions is set out below.

Resolution 1

                                                        For          Against
                                                                            
No. of shares voted                              57,376,297        6,586,600
                                                                            
No. of shares voted as % of shares voted              89.70            10.30
                                                                            
No. of shares voted as % of voting share              74.73             8.57
capital                                                                     

Resolution 2

                                                       For          Against
                                                                           
No. of shares voted                             47,702,881       16,396,600
                                                                           
No. of shares voted as % of shares voted             74.42            25.58
                                                                           
No. of shares voted as % of voting share             62.14            21.36
capital                                                                    

Enquiries

Gordon Neilly/Sue Inglis    Canaccord Genuity Limited        T: 020 7050 6500

Notes

Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom for the conduct of investment business by the Financial Services
Authority, is acting exclusively as financial adviser to the Company and no-one
else in connection with the matters referred to in this announcement and will
not regard any other person as its client in relation to the matters referred
to in this announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Canaccord Genuity
Limited or for providing advice in relation to the matters referred to in this
announcement.