Result of EGM

29 October 2004

THE TAVERNERS TRUST PLC (the "Company")
PROPOSED CANCELLATION OF THE COMPANY'S SHARE PREMIUM ACCOUNT - RESULT OF
RECONVENED EXTRAORDINARY GENERAL MEETING OF WARRANTHOLDERS

Further to the Company's announcements on 27 September 2004 and 22 October 2004
regarding a proposal to cancel its Share Premium Account (the "Proposal"), the
Company announces that the extraordinary resolution to approve the Proposal was
duly passed at today's reconvened Extraordinary General Meeting of
Warrantholders.  Proxies in respect of 378,240 warrants were lodged in favour of
the extraordinary resolution with no proxies lodged against.

Implementation of the Proposal is also subject to confirmation by the High Court
and at this time it is envisaged that the Proposal will become effective on or
around the 16 December 2004.


Enquiries:

Robert Hoskin
Aberdeen Asset Management PLC - Company Secretary
020 7463 6000