Result of EGM

NSF Securities Limited
11 December 2007

NSF Securities Limited (the 'Company')

11 December 2007

Extraordinary General Meetings

The Board announces that at the reconvened Class Meeting of ZDP Shareholders,
the First Extraordinary General Meeting and Second Extraordinary General Meeting
of the Company held today, all the resolutions were approved by shareholders.

Accordingly, the Scheme has become effective and the Company has been placed
into members' voluntary liquidation with Stephen Le Page and Nicholas Vermeulen,
both of PricewaterhouseCoopers CI LLP, appointed as liquidators.

Results of Elections

Valid elections or deemed elections under the scheme of reconstruction were
received as follows:

ZDP Shares

-  Holders of 22,753,704 ZDP Shares elected to receive cash; and

-  Holders of 1,921,296 ZDP Shares elected (or were deemed to have
   elected) to receive accumulation units in Diversified Absolute
   Return.

Entitlements

The Final Capital Entitlement per ZDP Share is 168.48 pence.

ZDP Shareholders will receive 2.4865 accumulation units for each ZDP Share in
respect of which they elected or were deemed to have elected for the Diversified
Absolute Return Option.

Cheques will be posted or CREST payments will be made in respect of cash
distributions and new units in Diversified Absolute Return will be issued to the
relevant Shareholders on or as soon as practicable after 11 December 2007.

Terms used in this announcement shall, unless the context otherwise requires,
bear the meaning given to them in the Circular issued by the Company dated 19
November 2007.

Enquiries:

Stephen Le Page/Nicholas Vermeulen                          01481 752000
Liquidators
PricewaterhouseCoopers CI LLP

Ravi Anand/Robert Peel                                      020 7225 9292/6171
New Star Asset Management Limited

David Benda/Katie Standley                                  020 3100 0291/0293
Winterflood Investment Trusts


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