Result of AGM

8 November 2011                                

                         STRATEGIC EQUITY CAPITAL PLC                          

                                (THE "COMPANY")                                

                       RESULT OF ANNUAL GENERAL MEETING                        

Following the Annual General Meeting held today, the Company is pleased to
announce that shareholders passed all the resolutions contained in the notice
of meeting.

Resolutions 1 to 8 related to Ordinary Business. Resolutions 9 to 13 related to
Special Business, as set out below:

Resolution 9: To continue as an investment trust until the conclusion of the
next Annual General Meeting.

Resolution 10: To allot relevant securities in accordance with statutory
pre-emption rights.

Resolution 11: To allot equity securities otherwise than in accordance with
statutory pre-emption rights.

Resolution 12: To make market purchases of the Company's shares. In order to
give the Company greater flexibility to utilise this authority to buy-back
shares without potentially triggering a mandatory bid obligation for the
Company's largest shareholder and parties presumed to be acting in concert with
it, the Directors are considering consulting the Takeover Panel with a view to
seeking a waiver with respect to the application of Rule 9 of the Takeover Code
arising out of any purchase by the Company of its own shares.  Such a waiver
would be subject to the approval of independent shareholders (in the form of an
ordinary resolution).  A further announcement will be made in due course.

Resolution 13: To amend the Company's articles of association.

The proxy voting is set out below for information.

             For                   Against             Discretion    Votes withheld  
                               
                                                                                Total                           
                                                                                Votes Cast        
Resolution   Votes         % Votes Votes      % Votes  Votes % Votes Votes      (excl.                               
                           Cast               Cast           Cast               Votes                     
                                                                                Withheld)
       
         1   51,187,672    100.00  0          0.00     0     0.00    9,435,000  51,187,672
                                                                                  
         2   51,187,672    100.00  0          0.00     0     0.00    9,435,000  51,187,672
                                                                                   
         3   46,895,672    100.00  0          0.00     0     0.00    13,727,000 46,895,672
                                                                                 
         4   44,973,213    100.00  0          0.00     0     0.00    15,649,459 44,973,213
                                                                                   
         5   44,973,213    100.00  0          0.00     0     0.00    15,649,459 44,973,213
                                                                                   
         6   44,940,958    100.00  0          0.00     0     0.00    15,681,714 44,940,958
                                                                                   
         7   45,108,616    96.19   1,787,056  3.81     0     0.00    13,727,000 46,895,672
                                                                                   
         8   49,672,672    100.00  0          0.00     0     0.00    10,950,000 49,672,672
                                                                                   
         9   43,805,672    72.26   16,817,000 27.74    0     0.00    0          60,622,672
                                                                                  
        10   46,895,672    77.36   13,727,000 22.64    0     0.00    0          60,622,672
                                                                                  
        11   46,895,672    77.36   13,727,000 22.64    0     0.00    0          60,622,672
                                                                                  
        12   46,895,672    77.36   13,727,000 22.64    0     0.00    0          60,622,672
                                                                                   
        13   46,623,616    91.08   4,564,056  8.92     0     0.00    9,435,000  51,187,672
 
                                                                                   

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.