The Company's Future

Taverners Trust PLC
17 June 2005



             THE TAVERNERS TRUST PLC ('TAVERNERS' or the 'COMPANY')



                              The Company's Future



Following discussions with major shareholders, the Board of Taverners announces
that it has considered a number of proposals regarding the Company's future.



The proposal which the Board believes is most likely to reflect the aims of the
majority of shareholders is a proposal that would involve changing the Company's
investment objective to achieving absolute returns with low volatility.  This
would be accomplished by investing in a multi asset portfolio with the aim of
achieving both income and capital growth, the target gross dividend yield for a
full year being 4.25 per cent.  Aberdeen Asset Managers, which been working with
the Board to achieve the aims of shareholders, has agreed, conditional on the
Board recommending the proposal and shareholders supporting it, to dispose of
the investment management contract to Midas Capital Partners who would become
the new investment manager.



The proposal would also introduce a discount control mechanism under which the
Company would actively buy back shares if the discount of the share price to
diluted net asset value were to exceed 5 per cent.  This would take effect once
the investment portfolio was realigned to reflect the proposed investment
objective and policy.  In advance of the proposal coming into effect the new
investment manager would use its best efforts to find buyers for the Company's
shares at a discount to diluted net asset value in the 6.5 to 7 per cent. range.



The Board will be consulting major shareholders further to ascertain the extent
of support for this proposal.  In the event that there is sufficient support the
Board will convene an Extraordinary General Meeting of shareholders to consider
and approve the proposal.



A further announcement will be made as soon as possible.



17 June 2005


Enquiries:

Robert Hoskin                                               020 7463 6000
Aberdeen Asset Managers Limited

Richard Ramsay                                              020 7653 6310
Intelli Corporate Finance Limited






                      This information is provided by RNS
            The company news service from the London Stock Exchange