Result of EGM

3 May 2012                                   

                          STRATEGIC EQUITY TRUST 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.