Result of AGM

5 November 2013                                

                         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 10 related to Ordinary Business. Resolutions 11 to 16 related
to Special Business, as set out below:

Resolution 11: To continue the Company as an Investment Trust

Resolution 12: To authorise Directors to allot shares

Resolution 13: To authorise the Directors to allot shares having disapplied
pre-emption rights.

Resolution 14: To authorise the Company to purchase its own shares

Resolution 15: To authorise the Directors to implement the semi-annual tender
offer on the terms set out in the circular issued to shareholders on 3 October
2013.

Resolution 16: To authorise the Directors to implement a semi-annual tender
offer in May 2014.

All resolutions were passed on a show of hands.

The proxy voting is set out below for information.

Resolution        Votes For        Votes      Votes at   Votes Withheld
                                 Against    Chairman's                 
                                            Discretion                 
                                                                       
    1            41,695,189      164,150             0        5,829,866
                                                                       
    2            41,695,189      164,150             0        5,829,866
                                                                       
    3            41,695,189      164,150             0        5,829,866
                                                                       
    4            39,054,699      164,150             0        8,470,356
                                                                       
    5            39,054,699      164,150             0        8,470,356
                                                                       
    6            39,054,699      164,150             0        8,470,356
                                                                       
    7            39,054,699      164,150             0        8,470,356
                                                                       
    8            39,054,699      164,150             0        8,470,356
                                                                       
    9            41,695,189      164,150             0        5,829,866
                                                                       
    10           41,695,189      164,150             0        5,829,866
                                                                       
    11           33,372,746    8,486,593             0        5,829,866
                                                                       
    12           39,054,699    2,804,640             0        5,829,866
                                                                       
    13           39,054,699    2,804,640             0        5,829,866
                                                                       
    14           39,054,699    2,804,640             0        5,829,866
                                                                       
    15           39,054,699    2,804,640             0        5,829,866
                                                                       
    16           39,054,699    2,804,640             0        5,829,866